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
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.