USA: Supervalu sees net sales of US$5.8bn in 2002
Minneapolis-based grocery giant Supervalu has posted net sales of US$5.8bn for the Q1 2003, ended 15 June 2002. Net earnings were US$77.2m, and diluted earnings per share were US$0.57. Total EBITDA was US$261.2m, or 4.5% of sales, up 80 basis points from last year's Q1. Jeff Noddle, chairman and CEO, said: "I am pleased with our ability to generate improving EBITDA margins across the board over last year's Q1, starting FY 2003 on solid ground.
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