Supervalu (SVU)

Supermarket chain Supervalu Inc (SVU.N) gave its full-year profit forecast another trim and cut its quarterly dividend in half on Tuesday.
The operator of about 2,500 Albertsons, Jewel-Osco, Shaw's and Save-A-Lot supermarkets has been underperforming rivals amid intense price competition from the likes of Wal-Mart Stores Inc (WMT.N), Kroger Co (KR.N) and Safeway Inc (SWY.N). Supervalu said it expects consumer spending will remain pressured throughout its fiscal year.

Oct 20 · 11:49:00 AM · Source: Reuters
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by Larry Etter