News for Supervalu
Jan 12 · 11:12:00 AM · Source: Company News Release
Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge.
Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.
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by Larry Etter
Oct 20 · 11:49:00 AM · Source: Reuters
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.
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by Larry Etter
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