SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the fiscal third quarter ended Dec. 5, of $4.1 billion, a decrease of 2.6 percent year-over-year. Profit decreased 57 percent to $34 million.
Third-quarter independent business sales decreased 3.5 percent year-over-year to $1.9 billion, while Save-A-Lot sales were down 1.5 percent to $1 billion.
Year-to-date, SUVERVALU reported sales of $13.6 billion, a 0.4 percent increase from the previous fiscal year. Profit decreased 17.6 percent to $126 million.
