SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the fiscal first quarter ended June 17 of $4 billion, an increase of 6.3 percent year-over-year. Profit decreased 76.1 percent to $11 million.
First quarter wholesale business sales increased 12.4 percent to $2.6 billion compared to the prior year quarter. Retail sales decreased 2.6 percent to $1.4 billion.
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