USA: Supervalu sees charge and preliminary Q1 2003 results
Minneapolis-based Supervalu, one of the largest US grocers, has warned that its results are subject to a charge of between US$19m to US$21m after tax, due to intentional inventory misstatements by a former employee. It is currently in the process of determining whether the total charge to adjust earnings will be taken in the Q1 2003 or result in a restatement of prior years' consolidated financial statements.
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