SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported fiscal 2016 sales of $17.5 billion, down 2.2 percent from the prior fiscal year. Profit decreased 7.3 percent to $178 million.
Sales for the fourth quarter were $4 billion, down 10 percent year-over-year. Profit increased 33.3 percent to $52 million.
Fourth-quarter wholesale sales decreased 11.7 percent year-over-year to $1.7 billion, while Save-A-Lot sales were down 7.7 percent to $1 billion. Retail sales decreased 9.6 percent to $1.1 billion.
