Published October 17, 2013
O – Supermarket operator Supervalu Inc reported a second-quarter profit, compared with a year-earlier loss, as operating costs fell.
Net income was $40 million, or 15 cents per share, in the quarter ended Sept. 7, compared with a loss of $111 million, or 52 cents per share, in the same quarter last year.
Sales rose 0.2 percent to $3.95 billion.
Selling and administrative expenses fell 14 percent to $465 million.