Eden Prairie, MN<hr class="legacyRuler"><hr class="invisible minimal-padding">SuperValu is reporting its fourth quarter and fiscal 2012 results. For the quarter, the company revealed net sales of $8.2 billion and a net loss of $424 million. This loss includes non-cash goodwill and intangible asset impairment charges of $492 million after-tax, or $2.32 per diluted share, and $13 million after tax in employee-related costs related to a workforce reduction. With the charges applied, SUPERVALU reported fourth quarter fiscal 2012 net earnings were $81 million. Fiscal 2012 results for the year revealed net sales of $36.1 billion with a net loss of $1.04 billion, When adjustments were made for non-cash goodwill and intangible asset impairment charges of $1.29 billion after-taxes along with $13 million in employee-related costs, full-year net earnings were $265 million. Chief Executive Officer and President, Craig Herkert, states, “I am pleased with the launch of our business transformation this year and the initial results from that strategy which helped us deliver our adjusted earnings results of $1.25 for fiscal 2012. Our disciplined approach to pre-funding price investments is allowing us to invest across markets, categories and items. We remain focused on delivering improved value for our customers and meeting the specific needs of each community we serve.”<hr class="legacyRuler"><hr class="invisible minimal-padding">www.supervalu.com<hr class="legacyRuler"><hr class="invisible minimal-padding">
