MINNEAPOLIS -- Fueled by its 1992 acquisition of Wetterau, Supervalu reported record earnings for the fourth quarter and year ended Feb. 26.
Sales fell 4.3% in the quarter and rose 26.8% for the year.
In the fourth quarter, net earnings rose 5.3% to $52.6 million from $49.9 million in the prior year's period. Sales declined to $3.69 billion from $3.85 billion, partly reflecting a reduction in customers following consolidations, a spokeswoman said. Same-store sales in the ret