MINNEAPOLIS — Supervalu here said last week it is imposing tighter expense controls and other cost-savings activities “to create a foundation for sales momentum and future growth” once the economy turns. After reporting flat sales on record earnings for the first quarter ended June 14, the company said it was lowering earnings guidance for the year to a range of $3 to $3.16, compared with earlier guidance of between $3.06 and $3.22; it also lowered guidance on identical-store sales growth, ...

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.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.