Supervalu Profits Up in Q1

Supervalu said that first-quarter profits were up about 10.4%, to $74 million, despite a 3.5% decline in revenues, to $11.1 billion.

MINNEAPOLIS — Supervalu here said Tuesday that first-quarter profits were up about 10.4%, to $74 million, despite a 3.5% decline in revenues, to $11.1 billion.

Retail same-store sales declined 3.9% in the quarter, contributing to a retail sales decline of 4.4%, to $8.6 billion. Retail food operating earnings were $219 million, down 12.7%. Retail operating earnings totaled 2.5% of sales, vs.

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