The 2020 Mid-Year Economic Update_long

SUPERVALU Sales Up Slightly in Fiscal 2014

CEO: Fiscal 2014 a "transition year."

SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the fiscal year ended Feb. 22, 2014, of $17.2 billion, up slightly from the prior fiscal year. Profit was $182 million, versus a year-ago loss of $1.5 billion.

"Fiscal 2014 was an important transition year for SUPERVALU as we stabilized the organization and set the foundation for our future,” President and CEO Sam Duncan said.

Sales for the fiscal fourth quarter were $3.95 billion, up 1.4 percent year-over-year. Profit was $26 million, versus a year-ago loss of $1.4 billion.

In the fourth quarter, identical store sales in the Save-A-Lot network were positive 2.1 percent. Identical store sales for corporate stores within the Save-A-Lot network were positive 3.5 percent. Identical store sales in the retail food segment were positive 0.2 percent. Total sales within the independent business segment decreased 0.6 percent.

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