Supervalu Profit Matches Expectations

MarketWatch Pulse

Grocery retailer and wholesaler Supervalu Inc. said Thursday that its fiscal second-quarter profit fell to $31 million, or 11 cents a share, from $40 million, or 15 cents, a year earlier. Sales rose 1.8% to $4.02 billion. Per-share profit matched the average estimate of analysts surveyed by FactSet while sales topped the $3.95 billion consensus estimate. Shares of Supervalu, parent of the Save-A-Lot chain, were flat in premarket trading.

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