SUPERVALU Q2 Profit Misses Estimates

(RTTNews) - SUPERVALU INC. (SVU) reported second quarter profit, flat with last year. Adjusted EBITDA increased to $166 million from $161 million, a year ago. Second quarter net sales were up 0.5 percent.

Adjusted net earnings from continuing operations were $37 million, or $0.13 per share, for the quarter. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.14 for the quarter. Analysts' estimates typically exclude special items. Net earnings from continuing operations was $31 million, or $0.11 per share, flat with prior year.

Net sales were $4.06 billion compared to $4.04 billion, previous year. Analysts expected revenue of $4.12 billion for the quarter.