A Quick Look at SuperValu’s Fiscal 4Q18 Top Line


Apr. 25 2018, Updated 9:46 p.m. ET

SuperValu’s fiscal 4Q18 top line falls short of expectations

SuperValu’s (SVU) total sales from continuing operations grew 42.0% YoY (year-over-year) to ~$3.6 billion during fiscal 4Q18.[1. fiscal 4Q18 ended February 24, 2018] The company missed Wall Street expectations by $347.0 million.

In the most recent quarter, most of the increase in the company’s top line was driven by additional sales from the acquisition of Unified Grocers and Associated Grocers of Florida.

Article continues below advertisement

“We finished fiscal 2018 strong with results in-line with our expectations after having made significant progress throughout the year with our ongoing wholesale business transformation. We’re pleased with our efforts to date to create a stronger company with more focused operations through the purchase of Unified Grocers and AG Florida,” said Mark Gross, president and CEO of SuperValu.

For fiscal 2018, the company’s total sales from continuing operations increased 30.0% YoY to ~$14.2 billion.

Wholesale acquisitions drive SVU’s top line

SuperValu’s wholesale sales surged 60.0% YoY to ~$2.9 billion during fiscal 4Q18. The majority of the increase—around $970.0 million or 90.0% of wholesale sales—was driven by the ongoing integration with Unified Grocers and Associated Grocers of Florida.

Retail comps turned positive in fiscal 4Q18

Retail sales tumbled for the 11th straight quarter, although the magnitude of the decline was relatively smaller this quarter. Retail sales from continuing operations fell 0.6% to $690.0 million, driven by lost sales from store closures. Sales comps, however, were positive for the first time in the last 12 months and increased 0.1%.

ETF investors seeking to add exposure to SVU can consider the PowerShares S&P SmallCap 600 Pure Value Portfolio ETF (RZV), which invests 0.5% of its portfolio in the company.

Read the final part of this series to learn about SuperValu’s fiscal 4Q18 profitability and margins.


More From Market Realist

  • Honeywell sign
    Earnings Report
    CNBC Pro Stocks to Buy Before Q1 Earnings
  • Men walking by Morgan Stanley headquarters
    Morgan Stanley’s (MS) Stock Forecast Before Q1 Earnings
  • Carnival cruise ship sailing
    Carnival's (CCL) Stock Forecast Before Q1 Business Update
  • GameStop store
    GME's Earnings Are Coming: Will It Be Mayday for Shorts or WallStreetBets?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.