Albertsons 2009 Annual Report Download - page 77

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UNAUDITED QUARTERLY FINANCIAL INFORMATION
(In millions, except per share data)
Unaudited quarterly financial information for SUPERVALU INC. and subsidiaries is as follows:
First
(16 wks)
Second
(12 wks)
Third
(12 wks)
Fourth
(13 wks)
Fiscal Year
(53 wks)
2009
Net sales $ 13,347 $ 10,226 $ 10,171 $ 10,820 $ 44,564
Gross profit $ 3,065 $ 2,289 $ 2,280 $ 2,479 $ 10,113
Net earnings (loss) $ 162 $ 128 $ (2,944)
(1)
$ (201)
(1)(2)
$ (2,855)
(1)(2)
Net earnings (loss) per share—diluted
(3)
$ 0.76 $ 0.60 $ (13.95)
(4)
$ (0.95)
(4)
$ (13.51)
(4)
Dividends declared per share $ 0.1700 $ 0.1725 $ 0.1725 $ 0.1725 $ 0.6875
Weighted average shares—diluted 214 213 211 211 211
First
(16 wks)
Second
(12 wks)
Third
(12 wks)
Fourth
(12 wks)
Fiscal Year
(52 wks)
2008
Net sales $ 13,292 $ 10,159 $ 10,211 $ 10,386 $ 44,048
Gross profit $ 3,083 $ 2,333 $ 2,270 $ 2,419 $ 10,105
Net earnings $ 148 $ 148 $ 141 $ 156 $ 593
Net earnings per share—diluted
(3)
$ 0.69 $ 0.69 $ 0.66 $ 0.73 $ 2.76
Dividends declared per share $ 0.1650 $ 0.1700 $ 0.1700 $ 0.1700 $ 0.6750
Weighted average shares—diluted 216 216 214 213 215
(1) During fiscal 2009 the Company recorded goodwill and intangible asset impairment charges of $3,326,
after tax, of which $3,076, after tax, were recorded in the third quarter of fiscal 2009 and $250, after tax,
were recorded in the fourth quarter of fiscal 2009.
(2) During the fourth quarter of fiscal 2009 the Company recorded charges primarily related to closure of
non-strategic stores of $121, after tax, and a pre-Acquisition Albertsons legal settlement of $15, after tax.
(3) The sum of the quarterly Net earnings (loss) per share—diluted amounts does not equal the fiscal year
amount due to rounding.
(4) As a result of the net loss for the third and fourth quarters of fiscal 2009 and fiscal year 2009, all poten-
tially dilutive shares were antidilutive and therefore excluded from the calculation of Net earnings (loss)
per share—diluted.
73