Supervalu 2Q earnings flat; sales down sharply

Supervalu 2Q earnings flat; sales down sharply

Save-A-Lot comps down 5.2%

Supervalu on Wednesday reported flat net earnings on a 4.8% decline in sales during the fiscal second quarter — results largely in line with expectations.

Sales for the period which ended Sept. 10, totaled $3.9 billion and were down in all its divisions. As the company pre-reported last month, identical store sales declines in its retail and Save-A-Lot divisions accelerated from first quarter levels as they absorbed the impact of price deflation, increased competition, an

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