SUPERVALU EXPECTS EARNINGS TO DECLINE FOR YEAR, FOURTH QUARTER

MINNEAPOLIS -- Supervalu here said last week earnings for the year and fourth quarter will fall below the company's earlier guidance because of continuing operating-margin pressure in its distribution segment. Supervalu released preliminary financial results for the year and fourth quarter ended Feb. 22, saying it expects diluted earnings per share for the fourth quarter ended Feb. 22 to range from

MINNEAPOLIS -- Supervalu here said last week earnings for the year and fourth quarter will fall below the company's earlier guidance because of continuing operating-margin pressure in its distribution segment.

> Supervalu released preliminary financial results for the year and fourth quarter ended Feb. 22, saying it expects diluted earnings per share for the fourth quarter ended Feb. 22 to range from 46 cents to 49 cents and full-year diluted earnings per share to range from $1.89

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