MINNEAPOLIS — Supervalu here on Tuesday reported a loss of $202 million for the fiscal third quarter and said it also expected to post a loss for the full year. The third-quarter loss included one-time charges of $252 million after tax for asset impairment, store closures and severance expenses. The company reported net income of $109 million in the year-ago third quarter. Same-store sales fell 4.9% in the quarter, which ended Dec. 4, contributing to an overall retail sales decline of ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.