SUPERVALU, Inc. Issues FY 2013 Guidance; EPS Guidance Above Analysts' Estimates; Comments On FY 2013 Identical Store Sales Guidance

SUPERVALU, Inc. announced that for fiscal 2013, it expects net sales to be in the range of $35.0-$35.5 billion, GAAP diluted net earnings (loss) per share in the range of $1.27-$1.42 and Non-GAAP adjusted diluted net earnings per share (EPS) in the range of $1.27-$1.42. Identical store sales growth, excluding fuel, is projected to be negative 1.0% to negative 2.0%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $35.2 billion and EPS of $1.19 for fiscal 2013.