Earnings Preview: SuperValu

SuperValu (SVU) is expected to report Q1 earnings before market open Tuesday, July 22, with a conference call scheduled for 10:00 a.m. ET.

Guidance

Analysts are looking for a profit of 76c on revenue of $13.19B. The consensus is 72c to 81c for EPS, and revenue of $12.86B to $13.36B, according to First Call. In April, when SuperValu reported its Q4 and FY08 results, it reaffirmed its FY09 EPS guidance of $3.06 to $3.22 vs. a consensus at the time of $3.07, and FY09 revenue guidance of $45B to $45.5B vs. a consensus at the time of $44.86B. Despite the company's optimistic guidance, FY09 estimates have not changed much, and currently stand at $3.08 for EPS and $44.81B for revenue. The tempered estimates for the grocery retailer likely reflect concerns about the current state of the U.S. economy and the consumer.