Supervalu Shares Up After Loss

Wall Street had a generally positive reaction last week to year-end financial results from Supervalu here. For John Heinbockel, an analyst with Goldman Sachs, New York, operating income beat most expectations by $10 million to $15 million, even stripping out Albertsons' merger synergies, which were also better than expected, he noted. When adjusted for a shift of Thanksgiving into the

MINNEAPOLIS — Wall Street had a generally positive reaction last week to year-end financial results from Supervalu here.

For John Heinbockel, an analyst with Goldman Sachs, New York, operating income beat most expectations by $10 million to $15 million, “even stripping out Albertsons' merger synergies, which were also better than expected,” he noted.

When adjusted for a shift of Thanksgiving into the third quarter, identical-store sales in the company's retail segment w

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TAGS: Supervalu