Albertsons 2012 Annual Report Download - page 85

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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:
2012
First
(16 wks)
Second
(12 wks)
Third
(12 wks)
Fourth
(12 wks)
Fiscal Year
(52 wks)
Net sales $ 11,113 $ 8,429 $ 8,327 $ 8,231 $ 36,100
Gross profit $ 2,459 $ 1,873 $ 1,809 $ 1,878 $ 8,019
Net earnings (loss) $ 74 $ 60 $ (750) (1) $ (424) (1) $ (1,040) (1)
Net earnings (loss) per share—diluted $ 0.35 $ 0.28 $ (3.54) (2) $ (2.00) (2) $ (4.91) (2)
Dividends declared per share $ 0.0875 $ 0.0875 $ 0.0875 $ 0.0875 $ 0.3500
Weighted average shares—diluted 213 213 212 212 212
2011
First
(16 wks)
Second
(12 wks)
Third
(12 wks)
Fourth
(12 wks)
Fiscal Year
(52 wks)
Net sales $ 11,545 $ 8,656 $ 8,673 $ 8,660 $ 37,534
Gross profit $ 2,597 $ 1,932 $ 1,865 $ 2,016 $ 8,410
Net earnings (loss) $ 67 (3) $ (1,470) (3) $ (202) (3) $95
(3) $ (1,510)
Net earnings (loss) per share—diluted (4) $ 0.31 $ (6.94) (2) $ (0.95) (2) $ 0.44 $ (7.13) (2)
Dividends declared per share $ 0.0875 $ 0.1750 $ — $ 0.0875 $ 0.3500
Weighted average shares—diluted 213 212 212 213 212
(1) During fiscal 2012 the Company recorded charges of $1,305, after tax, related to non-cash goodwill and
intangible asset impairment charges and employee-related expenses, of which $800, after tax, were recorded
in the third quarter of fiscal 2012 and $505, after tax, were recorded in the fourth quarter of fiscal 2012.
(2) As a result of the net loss for the second and third quarters of fiscal 2011, the third and fourth quarters of
fiscal 2012 and fiscal year 2011 and 2012, all potentially dilutive shares were antidilutive and therefore
excluded from the calculation of Net earnings (loss) per share—diluted.
(3) During fiscal 2011 the Company recorded charges of $1,871, after tax, related to non-cash goodwill and
intangible asset impairment charges, store closure and exit costs and employee-related expenses, of which
$25, after tax, were recorded in the first quarter of fiscal 2011, $1,529, after tax, were recorded in the second
quarter of fiscal 2011, $252, after tax, were recorded in the third quarter of fiscal 2011 and $65, after tax,
were recorded in the fourth quarter of fiscal 2011. These charges were partially offset by a gain of $65, after
tax, from the sale of Total Logistic Control recorded in the fourth quarter of fiscal 2011.
(4) The sum of the quarterly Net earnings (loss) per share—diluted amounts does not equal the fiscal year
amount due to rounding.
81