Supervalu's Q1 Performance Sparks Concern

MINNEAPOLIS After reporting a 7.2% decline in first-quarter comparable-store sales and a 40.7% decline in net income, analysts last week questioned the ability of Supervalu to rebuild momentum this year. We remain skeptical on Supervalu's ability to recapture share and resonate with the consumer, said Karen Short, a New York-based analyst with BMO Capital Markets. She cited the deteriorating traffic

MINNEAPOLIS — After reporting a 7.2% decline in first-quarter comparable-store sales and a 40.7% decline in net income, analysts last week questioned the ability of Supervalu to rebuild momentum this year.

“We remain skeptical on Supervalu's ability to recapture share and resonate with the consumer,” said Karen Short, a New York-based analyst with BMO Capital Markets. She cited the deteriorating traffic patterns — customer counts were down 3% in last year's fourth quarter, foll

Register to view the full article

Already a member? .

TAGS: Supervalu