US grocery retailer and distributor Supervalu has reported lower quarterly profit, hit by one-time costs.
Minneapolis-based Supervalu posted earnings of US$48.6m, or 36 cents a share, for the third quarter to 29 November, compared to $57.1m, or 43 cents a share, a year earlier. Analysts had been expecting earnings of 42 cents a share, reported Reuters.
Supervalu said the latest result included costs of 16 cents per share related to its withdrawal from its Denver operations, the early redemption of a bond, taxes for an asset exchange and the strike in St Louis.
Sales for the quarter rose to $4.7bn, compared to $4.6bn in the year-ago period.