SUPERVALU: TURNAROUND EXPECTED IN FISCAL 2003

MINNEAPOLIS -- Supervalu here said last week restructuring efforts in its retail and distribution segments are moving forward, with a complete turnaround anticipated in fiscal 2003.At the company's annual meeting, Michael Wright, Supervalu chairman, told shareholders, "Our stronger-than-expected first-quarter results are a sign we're moving in the right direction."In its first-quarter results, reported

MINNEAPOLIS -- Supervalu here said last week restructuring efforts in its retail and distribution segments are moving forward, with a complete turnaround anticipated in fiscal 2003.

At the company's annual meeting, Michael Wright, Supervalu chairman, told shareholders, "Our stronger-than-expected first-quarter results are a sign we're moving in the right direction."

In its first-quarter results, reported the day before the meeting, Supervalu said it had earnings per share of 4

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