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Supervalu reports profit up 9% but lowers forecast
Supervalu reports its quarterly net income rose 9% on year to a record high, but also cuts its fiscal-year profit and sales growth targets, blaming a slowing U.S. economy and rising energy costs.
MarketWatch.com  –  Jul 22, 2008 10:19 PM [GMT]  ¦  comment?
found in Business
Supervalu profit up, but shares fall on outlook
SuperValu Inc. reported a 9 percent rise in its first-quarter profits Tuesday, in line with Wall Street expectations. (SVU)
Dayton Business Journal  –  Jul 22, 2008 6:45 PM [GMT]  ¦  comment?
found in Local: Ohio: Dayton
Supervalu 1Q profit up 9 percent, cuts 2009 view
AP - Grocer Supervalu Inc. cut its 2009 profit guidance on Tuesday, citing a slowdown in consumer spending and soaring energy costs, even as it said profit rose 9 percent in its fiscal first quarter.
Yahoo!  –  Jul 22, 2008 3:25 PM [GMT]  ¦  comment?
found in Business: Companies
Supervalu 1Q Profit Up 9 Percent
Grocer Supervalu says its fiscal first-quarter profit rose around 9 percent on modest sales growth, matching Wall Street expectations.
WCCO TV  –  Jul 22, 2008 1:43 PM [GMT]  ¦  comment?
found in Local: Minnesota: Minneapolis-St. Paul
Retail shares hit amid concerns about corporate profits
NEW YORK (MarketWatch) - Retail shares opened lower Tuesday after disappointing profit results or outlooks from credit card giant American Express Co. to Apple Inc. ignited further concerns about the health of the U.S. economy and corporate profits. Supermarket chain Supervalu Inc. lowered its profit forecast against worries about the U.S. economy and higher gasoline and food costs. The S&P Retail Index fell 1.2% to 340.06. Supervalu dropped 3.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com  –  Jul 22, 2008 1:42 PM [GMT]  ¦  comment?
found in Business: Markets
Supervalu first-quarter profit up, grocery sales off
Reuters - Supervalu Inc , the third-largest U.S. supermarket chain, on Tuesday reported lower quarterly grocery sales, though earnings rose as the company had lower acquisition-related costs.
Yahoo!  –  Jul 22, 2008 12:55 PM [GMT]  ¦  comment?
found in Business: Companies
Supervalu lowers full-year profit forecast; quarterly profit
NEW YORK (MarketWatch) -- Supermarket chain Supervalu Inc. said Tuesday that its fiscal first-quarter profit rose to $162 million, or 76 cents a share, from $148 million, or 69 cents, a year earlier. Sales were flat at $13.3 billion. Results included a 3-cent charge for acquisition-related costs. Chief Executive Jeff Noddle said the slowing economy, coupled with higher food and energy costs, have led the company to take a more cautious view for the balance of the year. Supervalu lowered its full-year profit forecast to as much as $3.16 a share from a previous projection of as much as $3.22. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com  –  Jul 22, 2008 12:27 PM [GMT]  ¦  comment?
found in Business: Markets
Jewel Tests Urban Fresh Concept
Jewel-Osco, a division of Supervalu, is the latest chain to test a small store concept that it hopes will speak to the needs of urban consumers in tony neighborhoods, including Chicago's Lincoln Park. Has store size become a more important factor within the consumer hierarchy in determining where to shop?
RetailWire.com  –  Jul 16, 2008 1:21 PM [GMT]  ¦  comment?
found in Business: Retail