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Supervalu rings up results for fiscal 2003

Published Thursday, May 01, 2003

Supervalu Inc has reported results for the fourth quarter of fiscal 2003, which ended Feb 22, 2003. The Minneapolis MN-based retail grocery chain had net sales of $4.6 billion compared with $4.5 billion in the same period a year ago. Net earnings totaled $63.9 million versus $32.8 million the year before. Jeff Noddle, Supervalu chairman and chief executive officer said, “Unquestionably, the economy continued to weaken during the year and dealt us a difficult hand. While we did not reach our original goal for the quarter, we stayed true to our long-term strategies and maintained financial flexibility. By ...

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