FIRST-HALF RESULTS HURT BY CLOSINGS, SAYS SUPERVALU

MINNEAPOLIS -- Supervalu here said last week store closings and the end of a supply agreement with Kmart earlier in the year resulted in lower sales and earnings for the second quarter and first half ended Sept. 8.il food segment, sales rose 0.8% to $2.2 million for the quarter and 2.9% to $5 billion for the half; sales in the distribution segment were down 20% to $2.6 billion for the quarter and

MINNEAPOLIS -- Supervalu here said last week store closings and the end of a supply agreement with Kmart earlier in the year resulted in lower sales and earnings for the second quarter and first half ended Sept. 8.

il food segment, sales rose 0.8% to $2.2 million for the quarter and 2.9% to $5 billion for the half; sales in the distribution segment were down 20% to $2.6 billion for the quarter and 10.5% to $6.7 billion for the half.

Jeff Noddle, president and chief executive o

Register to view the full article

TAGS: Supervalu