Grocery retailer and distributor Supervalu has higher pre-tax profits for the year ended 26 February 2005, despite lower sales.


Net sales were $19.5bn, compared with $20.2bn in the previous year. Pre-tax profit was $601m compared with $455m a year ago.


The company’s net sales in the fourth quarter were $4.59bn, compared with $5.04bn in the same period a year ago. Pre-tax profit in the quarter was $135m compared with $149m a year ago.


Last year’s fourth quarter reflected an extra week, which contributed approximately $360m of net sales and $9.9m of net earnings, the company said.


“Supervalu continues to deliver strong results,” said Jeff Noddle, chairman and chief executive officer. “Fiscal 2005 set a record net earnings level as diluted earnings per share grew 35% and when eliminating this year’s one-time gain on the sale of WinCo and last year’s extra week, fiscal 2005 diluted earnings per share increased 16%.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

“We implemented sizable initiatives during the year, maintained a strict basis point discipline that supports our competitive customer offerings, invested for growth and returns, and improved our overall financial condition,” he said.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now