SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the fiscal third quarter ended Dec. 3, of $3 billion, a decrease of 1.4 percent year-over-year. The company reported a loss of $26 million compared to a profit of $34 million the prior year.
Wholesale sales increased 0.2 percent year-over-year to $1.9 billion, while retail sales decreased 3.4 percent to $1.1 billion.
Year-to-date, SUVERVALU reported sales of $9.5 billion, a 4.4 percent decrease from the previous fiscal year. Profit decreased 59.5 percent to $51 million.
“The successful sale of Save-A-Lot early in the fourth quarter provides SUPERVALU with additional flexibility to operate and grow our business,” said President and CEO Mark Gross.
