Supervalu sales slide in 'challenging' quarter

Supervalu sales slide in 'challenging' quarter

Supervalu said Wednesday a challenging environment led to decreased net sales in the third quarter, including lower-than-expected identical-store sales at its Save-A-Lot division.

Adjusted earnings per share of 16 cents on net sales of $4.1 billion were in line with analyst estimates, although Save-A-Lot's 3.4% identical-store sales decline was higher than anticipated. Identical sales in Supervalu's retail stores divis

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