In aggregate, the company reported a net loss for the quarter ended July 28, 2013, of $158 million, or $0.50 per share, compared with net earnings of $127 million, or $0.40 per share, in the prior year. Excluding items impacting comparability in both periods, adjusted net earnings increased 9 percent to $142 million compared with $130 million in the prior year’s quarter, and adjusted net earnings per share increased 10 percent to $0.45 compared with $0.41 in the year-ago quarter. A detailed reconciliation of the reported financial information to the adjusted information is included at the end of this news release.
Net earnings for the fiscal year were $458 million, or $1.44 per share, compared with $774 million, or $2.41 per share, in the year-ago period. Excluding items impacting comparability, adjusted net earnings increased 7 percent to $836 million, and adjusted net earnings per share increased 8 percent to $2.64 compared with $2.44 in the prior year.