USA: Supervalu Q3 earnings down to US$57.1m
The second largest US grocery supplies distributor, Supervalu, has reported net income for the third quarter ended on 30 November down slightly to US$57.1m, from $58m a year earlier. Supervalu, which also operates 1,358 low-priced food stores under names like Save-A-Lot and Shop 'n Save, said quarterly sales rose to US$4.7bn from $4.61bn. Sales at Supervalu's supermarkets open at least a year, or same-store sales, fell 2.3%.
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