Supervalu Posts Same-Store Sales Decline, Cuts Outlook

Supervalu said same-store sales in its fiscal second quarter fell 1.3%, excluding fuel, and the company cut its earnings guidance for the full year.

MINNEAPOLIS — Supervalu here said same-store sales in its fiscal second quarter fell 1.3%, excluding fuel, and the company cut its earnings guidance for the full year. “We did not execute well on several fronts, and that contributed to our delivering results below expectations,” said Jeff Noddle, chairman and chief executive officer, in a conference call discussing results for the period, which ended Sept. 6. He went on to say that sales trends were improving because of marketing initiatives

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