- The Wall Street Journal•44 minutes ago
Supervalu Inc. reported first-quarter results that came in lower than expected, as it continues efforts to spin off its deep-discount chain.
- American City Business Journals•1 hour ago
Supervalu Inc. missed Wall Street targets for sales and earnings in its fiscal first quarter, but officials said that prospects were good for growing its wholesale business. Retail stores (which include Cub Foods) saw a same-store decline of 4.5 percent, while same-store sales at Save-A-Lot (one of Supervalu's strongest units) were down 1 percent. Shares of Supervalu (SVU) were down nearly 6 percent on the news, to $4.96 in morning trading.