MINNEAPOLIS — Supervalu here said comparable-store sales fell 6.8% in the fourth quarter, but the company also switched from a loss in the year-ago period to a profit in the most recent fourth quarter. Net income of $97 million — after one-time charges of $34 million — compared with a loss of $201 million in the year-ago fourth quarter, which included $498 million in pretax goodwill and impairment charges. Sales for the most recent quarter, which ended Feb. 27, were down about 15%, to $7.2 ...
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 complimentary access to the SN salary survey data tables.
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.