Supervalu Posts Profit Despite Sales Decline

Despite a same-store sales decline 6.5% and a 9.8% drop in total sales for the fiscal third quarter, Supervalu here on Tuesday said aggressive cost controls and stabilization of margins allowed it to report net income of $109 million for the period.

MINNEAPOLIS — Despite a same-store sales decline 6.5% and a 9.8% drop in total sales for the fiscal third quarter, Supervalu here on Tuesday said aggressive cost controls and stabilization of margins allowed it to report net income of $109 million for the period.

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