US supermarket group Supervalu Inc returned to the black in its fiscal fourth quarter despite a challenging consumer environment and falling sales.

The company said today (20 April) that it saw fourth-quarter profits rise to US$97m, from a loss of $201m in the comparable period of last year when it booked one-time pre-tax charges of $498m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

During the period ended 27 February, the company said sales fell 14.9% to $9.2bn as consumers reduced their spending and the group focused on lowering prices.

For the full year, the company posted net income of $393m on net sales of $40.6bn.

Looking to fiscal 2011, Supervalu said that it expects EPS to fall in a range of $1.65-1.85, including $0.10 per share in additional charges.

For the full release from Supervalu click here. Click here for comments from Supervalu CEO Craig Herkert on the company’s sales targets and on demand for own label in the US.

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

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now