Reuters logo
Slimmed-down Supervalu's profit nearly doubles
January 9, 2014 / 12:20 PM / 4 years ago

Slimmed-down Supervalu's profit nearly doubles

Jan 9 (Reuters) - Supervalu Inc’s quarterly profit nearly doubled as it continued to benefit from cost savings after selling hundreds of underperforming grocery stores last year.

Shares in Minnesota-based Supervalu, which have more than doubled in value since the company announced the sale of 900 stores including its Albertsons chain about a year ago, were up 1 percent in premarket trading on Thursday.

Net income rose to $31 million, or 12 cents per share, in the third quarter ended Nov. 30, from $16 million, or 8 cents per share, a year ago.

Revenue fell marginally to $4.01 billion.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below