MINNEAPOLIS — Supervalu here yesterday warned investors that its first-quarter earnings would be significantly below previous expectations, and the news sent the company's stock down about 12%. "Consumers have become more value-focused and cautious in their spending, which has pressured sales and margins greater than anticipated," said Craig Herkert, who recently succeeded Jeff Noddle as chief executive officer. Supervalu said it expected same-store sales to be down about 3% for the ...

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.