XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 10, 2011
Sep. 08, 2012
Sep. 08, 2012
Sep. 10, 2011
Net sales, % 100.00% 100.00% 100.00% 100.00%
Net sales        
Net sales $ 8,429 $ 8,039 $ 18,629 $ 19,542
Net sales, % 100.00% 100.00% 100.00% 100.00%
Cost of Sales, % of net sales 77.80% 78.60% 78.30% 77.80%
Gross profit, % of net sales 22.20% 21.40% 21.70% 22.20%
Selling and administrative expenses, % of net sales 19.70% 21.00% 20.40% 19.60%
Intangible asset impairment % of net sale   0.90% 0.40%  
% of sales 2.60% (0.50%) 0.90% 2.50%
Interest expense, % of net sales 1.40% 1.70% 1.60% 1.40%
Earnings before income taxes, % of net sales 1.10% (2.30%) (0.70%) 1.10%
Income tax provision(benefit), % of net sales 0.40% (0.90%) (0.30%) 0.40%
Net earnings, % of net sales 0.70% (1.40%) (0.40%) 0.70%
Net sales 8,429 8,039 18,629 19,542
Cost of sales 6,556 6,319 14,584 15,210
Operating earnings        
Operating earnings (loss) 216 (41) 168 496
Gross profit 1,873 1,720 4,045 4,332
Selling and administrative expenses 1,657 1,687 3,803 3,836
Intangible asset impairment charges   74 74  
Operating earnings 216 (41) 168 496
Interest expense, net 120 141 296 275
Earnings (loss) before income taxes 96 (182) (128) 221
Income tax provision (benefit) 36 (71) (58) 87
Net earnings (loss) 60 (111) (70) 134
Net earnings (loss) per share-basic $ 0.28 $ (0.52) $ (0.33) $ 0.63
Net earnings (loss) per share-diluted $ 0.28 $ (0.52) $ (0.33) $ 0.63
Dividends declared per share $ 0.0875   $ 0.0875 $ 0.1750
Weighted average number of shares outstanding:        
Basic 212 212 212 212
Diluted 213 212 212 213
Retail Food [Member]
       
Net sales, % 66.60% 64.60% 64.50% 66.20%
Net sales        
Net sales 5,608 5,196 12,021 12,938
Net sales, % 66.60% 64.60% 64.50% 66.20%
Net sales 5,608 5,196 12,021 12,938
Operating earnings        
Operating earnings (loss) 127 (83) 16 277
% of sales 2.30% (1.60%) 0.10% 2.10%
Operating earnings 127 (83) 16 277
% of sales 2.30% (1.60%) 0.10% 2.10%
Save-A-Lot [Member]
       
Net sales, % 11.50% 12.10% 12.10% 11.50%
Net sales        
Net sales 972 973 2,260 2,254
Net sales, % 11.50% 12.10% 12.10% 11.50%
Net sales 972 973 2,260 2,254
Operating earnings        
Operating earnings (loss) 50 18 77 119
% of sales 5.10% 1.90% 3.40% 5.30%
Operating earnings 50 18 77 119
% of sales 5.10% 1.90% 3.40% 5.30%
Independent Business Goodwill [Member]
       
Net sales, % 21.90% 23.30% 23.40% 22.30%
Net sales        
Net sales 1,849 1,870 4,348 4,350
Net sales, % 21.90% 23.30% 23.40% 22.30%
Net sales 1,849 1,870 4,348 4,350
Operating earnings        
Operating earnings (loss) 56 50 115 133
% of sales 3.10% 2.70% 2.60% 3.10%
Operating earnings 56 50 115 133
% of sales 3.10% 2.70% 2.60% 3.10%
Corporate [Member]
       
Operating earnings        
Operating earnings (loss) (17) (26) (40) (33)
Operating earnings $ (17) $ (26) $ (40) $ (33)