ECONOMY MUTES PROFIT OUTLOOKS

Several food retailers lowered their earnings forecasts last week, citing the weak economy and increasing competition from both traditional and alternative formats.Fleming Cos., Dallas, on Tuesday reduced its earnings outlook based on the pending sales of its stores, in addition to economic and competitive factors (see story, Page 1). Rival Supervalu, Minneapolis, also lowered its near-term earnings

Several food retailers lowered their earnings forecasts last week, citing the weak economy and increasing competition from both traditional and alternative formats.

Fleming Cos., Dallas, on Tuesday reduced its earnings outlook based on the pending sales of its stores, in addition to economic and competitive factors (see story, Page 1). Rival Supervalu, Minneapolis, also lowered its near-term earnings outlook on Tuesday, followed on Thursday by earnings-forecast reductions from Nash Fi

Register to view the full article

Already a member? .