Supervalu net sales up 4.8%

MINNEAPOLIS — Supervalu on Wednesday reported third quarter fiscal 2015 net sales of $4.2 billion, representing an increase of 4.8%.

 

“We passed an important milestone this quarter delivering positive sales increases in all three of our business segments for the first time in many years,” said Sam Duncan, Supervalu president and CEO. “I’m very encouraged to see our Independent Business segment post higher sales compared to last year’s third quarter, and I remain pleased with the continued progress we are making in our retail stores. Save-A-Lot had another good quarter from a sales perspective while also delivering a higher operating margin compared to the second quarter. Overall, the third quarter provided many positives for us to build on during the final quarter of our fiscal year.”

 

Third-quarter retail food net sales were up 5.7% to $1.1 billion. The increase was primarily due to newly acquired stores and identical store sales of 2.3%.