MINNEAPOLIS — Supervalu here said last week it is imposing tighter expense controls and other cost-saving activities “to create a foundation for sales momentum and future growth” once the economy turns. That disclosure followed lower financial guidance after the release of first-quarter results, which showed record earnings of $162 million on flat sales and a drop in identical-store sales of 0.9%. Supervalu said it was lowering earnings guidance for the year to a range of $3 to $3.16, ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

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.

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 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.

Already registered? here.