MINNEAPOLIS -- Supervalu here said last week its third-quarter sales were impacted by weak confidence among low-income consumers. Sales for the 12-week quarter ended Dec. 4, 2004, fell 3.9% to $4.6 billion, and net income rose 33.6% to $64.9 million. For the 40 weeks, sales declined 1.4% to $15 billion, and net income rose 58.7% to $292.2 million. "Our quarter reflected weak consumer sentiment as Americans were focused on the job market and fuel prices. While the small, higher-income ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.