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SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the fiscal third quarter ended Dec. 2, of $3.9 billion, an increase of 31.1 percent year-over-year. The company reported a profit of $26 million, up from a loss of $26 million the prior year.
Wholesale sales increased 51.5 percent year-over-year to $2.9 billion, while retail sales decreased 4.1 percent to $1.1 billion.
Year-to-date, SUVERVALU reported sales of $11.7 billion, a 22.7 percent increase from the previous fiscal year. Profit was $12 million, down from $51 million in the previous period.