Sales, Profit Trends Improve for Supervalu in First Quarter

MINNEAPOLIS — Saying its turnaround program was gaining some traction, Supervalu slowed sales declines and posted earnings that exceeded analyst expectations during the fiscal first quarter. The retailer here 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

MINNEAPOLIS — Saying its turnaround program was gaining some traction, Supervalu slowed sales declines and posted earnings that exceeded analyst expectations during the fiscal first quarter.

The retailer here 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 mar

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