Supervalu down on deflation in 2Q

Supervalu down on deflation in 2Q

Supervalu on Wednesday said deflation triggered a challenging second quarter which missed analyst estimations for sales and profits.

Deflation was particularly difficult for Supervalu’s Save-A-Lot discount chain, which experienced wholesale deflation in meat and produce leading to lower sales figures despite shipping additional units, officials explained. Save-A-Lot’s overall sales increased 3.2% to $1.1 billion during

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