MINNEAPOLIS — Supervalu here yesterday said it expects same-store sales trends to improve in the coming year, projecting gains of 1% to 2% for fiscal 2009, which ends next March. The company saw its stock price jump nearly 7%, to about $28, after it issued the guidance, which included earnings projections for the coming year that were higher than analysts’ estimates. Supervalu said it expects net income per share to be in the range of $3.06-$3.22 in fiscal 2009, vs. the range of $2.71-$2.77 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.