Supervalu Issues Optimistic Outlook

Supervalu yesterday said it expects same-store sales trends to improve in the coming year, projecting gains of 1% to 2% for fiscal 2009, which ends next March.

MINNEAPOLIS — Supervalu here yesterday said it expects same-store sales trends to improve in the coming year, projecting gains of 1% to 2% for fiscal 2009, which ends next March. The company saw its stock price jump nearly 7%, to about $28, after it issued the guidance, which included earnings projections for the coming year that were higher than analysts’ estimates. Supervalu said it expects net income per share to be in the range of $3.06-$3.22 in fiscal 2009, vs. the range of $2.71-$2.77 p

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