- Supervalu Inc., the second-ranked U.S. grocery supplies distributor, reported that fiscal second-quarter net income rose to $58.8 million, from $50.6 million a year earlier. Quarterly sales fell to $4.50 billion from $4.71 billion, while same-store sales, or sales generated from outlets open at least a year, fell 0.8 percent. The company, which also is a retailer operating more than 1,300 stores, said that sluggish economic growth has curbed sales growth.
Supervalu also said that about half the new distribution business it acquired during the second quarter came from former Fleming customers, including SuperTarget and Clemens Family Markets.
- For the quarter ended Aug. 31, Walgreen reported net earnings of $247.7 million, up from $216.9 million a year earlier. Sales for the period rose 15.1 percent to $7.2 billion, from $6.2 billion last year.
Net earnings for Walgreen’s fiscal year were $1.019 billion, up 15 percent from $885.6 million a year earlier.
Sales rose 16.5 percent to $28.7 billion for the year from $24.6 billion.
Same-store sales were up 9.4 percent for the quarter and 10.5 percent for the year.