<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Minneapolis, MN</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By Eric Anderson<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">4.24.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Supervalu has experienced heavy losses in the fiscal fourth quarter, as a result of discontinued operations and a drop in revenue.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company reported a fourth quarter fiscal 2013 net loss of $1.41 billion, or $6.65 per diluted share. Net sales were $3.89 billion. The quarter also included $210 million in asset-impairment charges and $28 million in severance costs among other items. Due to the sale of the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies on March 21, 2013, their results were presented as discontinued operations.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/supervbody042413.jpg" alt="Images 042313" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Revenue decreased 2.3% to $3.89 billion. Gross margin narrowed to 13.4% from 13.9%.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The loss from discontinued operations totaled $1.23 billion, widening from a loss of $382 million a year ago.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“This past quarter was largely about transitioning the company for the future, and I am proud of the many things we accomplished in my first sixty days,” said Sam Duncan, President and Chief Executive Officer. “I brought in Ritchie Casteel as Save-A-Lot’s new president and CEO, and he has already right-sized that organization’s overhead and, along with me, met with a number of licensees to understand what we can do to help drive sales and improve the overall operating model.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.supervalu.com/sv-webapp/" target="_new">Supervalu </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
