- Supervalu commits to fixing retail banners, reports positive IDs for Save-A-Lot
- Two Supervalu board members, both with Cerberus, resign in wake of Safeway/Albertsons deal
- Walmart, Kroger identified as leading retailers in providing opportunity to diversity business owners
- Supervalu names Jerry Storch chairman, succeeds Robert Miller in that capacity
- Walgreens gets top score among drug chains in Human Rights Campaign's Corporate Equality Index
MINNEAPOLIS — Supervalu on Thursday reported a second quarter fiscal 2014 net sales increase of 0.2% to $4 billion and net earnings of $40 million, or $0.15 per diluted share.
“Similar to what we outlined in the first quarter, we remain focused on delivering steady improvements in our business each and every quarter,” stated Sam Duncan, Supervalu president and CEO. “While our end goal won’t be achieved overnight, I am encouraged with our results this quarter and, more importantly, the way we are achieving these results by building a strong foundation that is focused on our customers.”
Identical store sales in the Save-A-Lot network were negative 0.3%. Identical store sales for corporate stores within the Save-A-Lot network were positive 4.6%. Identical store sales in the retail food segment were negative 0.9%.