Supermarket operator Supervalu reports wider loss on weak sales
date:Apr 25, 2013
pairment and employee severance, the company posted a loss of 14 cents a share. Analysts, on average, looked for a profit of 18 cents a share, according to Thomson Reuters I/B/E/S.

Sales fell 2.3 percent to $3.89 billion.

Supervalu sold its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores as well as Osco and Sav-on in-store pharmacies to an investor group led by Cerberus Capital Management LP CBS.UL on March 21. The deal for 877 stores included $100 million in cash and $3.2 billion
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