SuperValu registers record fiscal results

Jan. 10, 2007
SuperValu Inc has reported results for the fiscal 2007 third quarter ended Dec 2, 2006.

SuperValu Inc has reported results for the fiscal 2007 third quarter ended Dec 2, 2006. The company reported record net sales of $10.7 billion for the quarter, compared with $4.7 billion in the same period a year earlier. Record net earnings of $113 million were also tallied, versus $75 million a year ago.

The company completed its $11.3 billion acquisition of Albertson’s retail properties June 2, 2006, transforming SuperValu into the nation’s third-largest supermarket.

During the first three quarters of fiscal 2007, SuperValu reported net sales of $27.1 billion compared with $15.2 billion in the year-earlier period, and net earnings of $332 million versus $200 million a year ago.

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