SUPERVALU Reports Second Quarter Fiscal 2009 Earnings

SUPERVALU INC. (NYSE:SVU) today reported sales and earnings for the second quarter of fiscal 2009. The company reported second quarter net sales of $10.2 billion compared to $10.2 billion last year, net earnings of $128 million compared to $148 million last year, and diluted earnings per share of $0.60 compared to $0.69 last year. Second quarter fiscal 2009 and fiscal 2008 results included charges for one-time acquisition-related costs of $3 million and $19 million, pretax or $0.01 and $0.05 per diluted share, respectively. The company reported year to date fiscal 2009 net sales of $23.6 billion compared to $23.5 billion last year, net earnings of $290 million compared to $296 million last year, and reported diluted earnings per share of $1.36 compared to $1.37 last year. Year to date fiscal 2009 results include charges for... [read full story]                    

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