MINNEAPOLIS — Supervalu here said same-store sales in its fiscal second quarter fell 1.3%, excluding fuel, and the company cut its earnings guidance for the full year. “We did not execute well on several fronts, and that contributed to our delivering results below expectations,” said Jeff Noddle, chairman and chief executive officer, in a conference call discussing results for the period, which ended Sept. 6. He went on to say that sales trends were improving because of marketing initiatives ...
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.