Supervalu Stock Soars on Q1 Earnings

MINNEAPOLIS — Shares of Supervalu were up nearly 7% Tuesday after the company showed progress in slowing sales declines and exceeded analyst earnings estimates during the fiscal first quarter.

MINNEAPOLIS — Shares of Supervalu were up nearly 7% Tuesday after the company showed progress in slowing sales declines and exceeded analyst earnings estimates during the fiscal first quarter.

The retailer reported net earnings of $74 million on sales of $11.1 billion during the quarter, which ended June 18. Overall sales declined 4.4%, reflecting a 3.9% identical-store sales decline and the effects of market

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