Supervalu on Target for Synergy Goals: Noddle

Supervalu said yesterday it is on track to deliver the full measure of post-acquisition synergies in 18 months, despite disappointing identical-store sales during its fiscal second quarter, which ended Sept. 8.

MINNEAPOLIS — Supervalu here said yesterday it is on track to deliver the full measure of post-acquisition synergies in 18 months, despite disappointing identical-store sales during its fiscal second quarter, which ended Sept. 8. IDs for the quarter increased 0.5% — below the company’s guidance of 1% to 2% — “[but] we remain on track [to achieve synergies of $150 million to $175 million] with virtually every key metric,” Jeff Noddle, chairman, president and chief executive officer, told analy

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