Scoreboard

MMR, Jan 26, 2009

SCOREBOARD

                 Quarter    Dollar       %
RETAILERS         ended      Sales     Change

Family Dollar     11/29    1.75 bil      4.2
A&P (1)           11/29    2.12 bil     69.5
Jean Coutu (2)    11/29    620.3 mil     6.4
Supervalu (3)     11/29    10.17 bil    -0.4

                                        Net-to-
                 Net Income      %       Sales
RETAILERS          (Loss)      Change    Ratio

Family Dollar     59.3 mil      14.1      3.4
A&P (1)           (3.0 mil)    N/A        N/A
Jean Coutu (2)   (399.2 mil)   N/A        N/A
Supervalu (3)    (2.94 mil)    N/A        N/A

(1.) A&P's results are from continuing operations and reflect the
December 2007 acquisition of Pathmark Stores. The loss for the most
recent quarter reflects $5.51 million, pretax, in special items.
The company had income from continuing operations of $73.1 million
in the prior-year period, after recording a $106.1 million pretax
gain on the sale of shares in Metro Inc., which was partially
offset by $8.99 million in special items. After including $10.6
million in losses from discontinued operations, the company had a
net loss of $13.6 million in the most recent quarter. This
contrasts to net income of $573 million a year earlier, which
included $15.8 million in losses from discontinued operations.

(2.) Jean Coutu's results are stated in Canadian currency. The net
loss reflects a $357.8 million preliminary provision to write down
the carrying value of Coutu's 30% stake in Rite Aid Corp., as well
as a $73.9 million loss for its share of Rite Aid's loss in the
most recent quarter. The company had net income of $9.5 million in
the prior-year period, which included $31.6 million in losses from
the Rite Aid investment and a $3.5 million charge for an adjustment
to the previously recorded gain on the sale of Coutu's United
States operations to Rite Aid.

(3.) Supervalu's loss in the most recant quarter reflects a $3.1
billion after-tax charge to write down intangible assets. The
company had net income of $141 million in the prior-year period,
which included a $7 million after-tax charge related to the
acquisition of the prime assets of Albertsons Inc. in 2006.

                          Quarter    Dollar       %
MANUFACTURERS             ended      Sales     Chance

American Greetings (1)    11/28    454.1 mil     -6.5
Helen of Troy (2)         11/30    185.6 mil    -11.8

                            Net                  Net-to-
                           Income         %       Sales
MANUFACTURERS              (Loss)      Change     Ratio

American Greetings (1)   (193.3 mil)     N/A       N/A
Helen of Troy (2)         15.1 mil      -33.9      8.1

(1.) American Greetings' loss for the most recent quarter reflects
the following after-tax items: $207.1 million in goodwill and other
asset-impairment charges and $4.7 million in severance charges,
which were partially offset by a $7.5 million reduction of variable
compensation expense. The company had net income of $29 million in
the prior-year period, which included a $104,000 loss from
discontinued operations.

(2.) Helen of Troy's earnings in the prior-year period reflected
$4.98 million in pretax impairment charges, partially offset by a
$3.61 million gain on the sale of land.
COPYRIGHT 2009 Racher Press, Inc.
COPYRIGHT 2009 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale