MINNEAPOLIS -- Supervalu here said last week its third-quarter sales were impacted by weak confidence among low-income consumers.
Sales for the 12-week quarter ended Dec. 4, 2004, fell 3.9% to $4.6 billion, and net income rose 33.6% to $64.9 million. For the 40 weeks, sales declined 1.4% to $15 billion, and net income rose 58.7% to $292.2 million.
"Our quarter reflected weak consumer sentiment as Americans were focused on the job market and fuel prices. While the small, higher