Supervalu Warns of Profit Shortfall

Supervalu yesterday warned investors that its first-quarter earnings would be significantly below previous expectations, and the news sent the company's stock down about 12%.

MINNEAPOLIS — Supervalu here yesterday warned investors that its first-quarter earnings would be significantly below previous expectations, and the news sent the company's stock down about 12%.

"Consumers have become more value-focused and cautious in their spending, which has pressured sales and margins greater than anticipated," said Craig Herkert, who recently succeeded Jeff Noddle as chief executive officer.

Supervalu said it expected same-store sales to be down abo

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