SUPERVALU up 7.3% on Strong Q4 Profit and Guidance

SUPERVALU

is trading higher on the session following its Q4 earnings announcement. The company reported an EPS of $0.38 vs $0.35 estimates and revenues $8.2B vs $8.31 billion estimates. SUPERVALU also said it sees FY13 EPS $1.27-1.42 vs $1.19 Est. Craig Herkert, SUPERVALU's chief executive officer and president stated: “I am pleased with the launch of our business transformation this year and the initial results from that strategy which helped us deliver our adjusted earnings results of $1.25 for fiscal 2012. Our disciplined approach to pre-funding price investments is allowing us to invest across markets, categories and items. We remain focused on delivering improved value for our customers and meeting the specific needs of each community we serve.” SUPERVALU is currently trading at $5.71, a gain of $0.39 or 7.33%.