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SuperValu fiscal Q2 profit falls 12.8% YOY

SuperValu Inc. said its normalized net income for the fiscal second quarter ended Sept. 6 amounted to 74 cents per share, compared with the S&P Capital IQ consensus estimate of 81 cents per share.

EPS fell 13.8% year over year from 86 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $28.0 million, a decrease of 12.8% from $32.1 million in the prior-year period.

The normalized profit margin dropped to 0.7% from 0.8% in the year-earlier period.

Total revenue climbed year over year to $4.02 billion from $3.95 billion, and total operating expenses increased from the prior-year period to $3.92 billion from $3.84 billion.

Reported net income decreased 25.8% from the prior-year period to $29.0 million, or 77 cents per share, from $39.1 million, or $1.05 per share.