3) SUPERVALU Inc. (NYSE:SVU)
Supervalu will unveil its latest earnings on Thursday. The company operates as a grocery retailer and wholesaler in the United States.
Shares were off about 4.25 percent on Monday afternoon, presumably as investors look ahead to the upcoming earnings and decide that what they see is unattractive. Wall Street is expecting net income of $0.07 per share, a 70.8 percent drop from the company’s actual earnings a year earlier. In its last financial release, the company revealed that it lost $0.52 per share, compared to earnings of $0.28 in the year-earlier period.
| Sep. 30, 2011 | Nov. 30, 2011 | Feb. 29, 2012 | Jun. 30, 2012 | Aug. 31, 2012 | |
| Revenue ($) in millions | 8,429 | 8,327 | 8,231 | 10,590 | 8,039 |
| Diluted EPS ($) | 0.28 | (3.54) | (2.00) | 0.19 | (0.52) |
Supervalu’s quarterly earnings history is scattered with bottom-line losses and punctuated by a year-over-year top-line drop. On an annual basis, revenues have fallen for the past three years, while the company has logged negative EPS for the past two years. To its credit, it did cut its earnings losses by 31 percent in 2012, to just -$4.91 per share. (Read our full Supervalu earnings sneak peak.)
Supervalu’s stock is down over 64 percent for the past 52-week period.
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