Albertsons 2014 Annual Report Download - page 5

CAUTIONARY STATEMENTS FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE
SECURITIES LITIGATION REFORM ACT
Any statements contained in this Annual Report on Form 10-K regarding the outlook for the Company’s
businesses and their respective markets, such as projections of future performance, guidance, statements of the
Company’s plans and objectives, forecasts of market trends and other matters, are forward-looking statements
based on the Company’s assumptions and beliefs. Such statements may be identified by such words or phrases as
“will likely result,” “are expected to,” “will continue,” “outlook,” “will benefit,” “is anticipated,” “estimate,”
“project,” “management believes” or similar expressions. These forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ materially from those discussed in such statements
and no assurance can be given that the results in any forward-looking statement will be achieved. For these
statements, SUPERVALU INC. claims the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. Any forward-looking statement speaks only as
of the date on which it is made, and we disclaim any obligation to subsequently revise any forward-looking
statement to reflect events or circumstances after such date or to reflect the occurrence of anticipated or
unanticipated events.
Certain factors could cause the Company’s future results to differ materially from those expressed or implied in
any forward-looking statements contained in this Annual Report on Form 10-K. These factors include the factors
discussed in Part I, Item 1A of this Annual Report on Form 10-K under the heading “Risk Factors,” the factors
discussed below and any other cautionary statements, written or oral, which may be made or referred to in
connection with any such forward-looking statements. Since it is not possible to foresee all such factors, these
factors should not be considered as complete or exhaustive.
Competition
ŠThe Company’s ability to attract and retain customers, and the success of the Company’s independent
retailers
ŠIncreased competition resulting from consolidation in the grocery industry, and the Company’s ability
to effectively respond
ŠCompetition from other food or drug retail chains, supercenters, hard discount, non-traditional
competitors and alternative formats in the Company’s markets
ŠCustomer reaction to the increased presence of competitors, including non-traditional competitors, in
the Company’s markets
ŠCompetition for employees, store sites and products
ŠThe ability of the Company’s Independent Business to maintain or increase sales due to wholesaler
competition, increased competition faced by customers and increased customer self-distribution
ŠChanges in economic conditions or consumer preferences that affect consumer spending or buying habits
ŠThe success of the Company’s promotional and sales programs and the Company’s ability to respond
to the promotional and pricing practices of competitors
Execution of Initiatives
ŠThe Company’s ability to identify and effectively execute on performance improvement and customer
service initiatives
ŠThe Company’s ability to offer competitive products and services at low prices and maintain high
levels of productivity and efficiency
ŠThe ability to grow by attracting new customers and successfully opening new locations
ŠThe ability to successfully execute on initiatives involving acquisitions or dispositions
ŠThe Company’s ability to respond appropriately to competitors’ initiatives
Substantial Indebtedness
ŠThe impact of the Company’s substantial indebtedness, including the restrictive operating covenants in
the underlying credit facilities, on its business and financial flexibility
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