The 2020 Mid-Year Economic Update_long

SUPERVALU Sales Up 3.9% in Fiscal 2015

Fourth quarter sales increased 10.4 percent year-over-year.

SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported fiscal 2015 sales of $17.8 billion, up 3.9 percent from the prior fiscal year. Profit increased 5.5 percent to $192 million.

Sales for the fourth quarter were $4.4 billion, up 10.4 percent year-over-year. Profit increased 50 percent to $39 million.

Fourth-quarter independent business net sales increased 7.4 percent to $2 billion compared to the prior year quarter, Save-A-Lot net sales increased 13.7 percent to $1.1 billion and retail food net sales increased 12.5 percent to $1.2 billion.

“We finished the year with a strong quarter, highlighted by positive identical store sales at both Save-A-Lot and Retail Food as well as the transition of the first stores in our important new relationship with Haggen,” said Sam Duncan, president and CEO. “Overall, fiscal 2015 was a year of strategic investment in all three of our business segments and I’m pleased with how these investments have positioned us for growth in fiscal 2016.”

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