The 2020 Mid-Year Economic Update_long

SUPERVALU Sales Up 2.7% in Fiscal 1Q

Independent business, Save-A-Lot and retail food sales increased.

SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the fiscal first quarter ended June 20, of $5.4 billion, an increase of 2.7 percent year-over-year. Profit increased 41.8 percent to $61 million. 

First quarter independent business sales increased 1.7 percent to $2.4 billion compared to the prior year quarter, Save-A-Lot sales increased 3.8 percent to $1.4 billion and retail food sales increased 3 percent to $1.5 billion.

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