Tuesday, July 24, 2007

UPDATE 1-Supervalu profit rises, but sales weakening

(Reuters) - But the company also saw sales weaken at the end of the
quarter, and the weakness continued in the first few weeks of
the current quarter as consumers face higher prices for
gasoline and other items, Jeff Noddle, chairman and chief
executive officer, said during a conference call with
analysts.




Shares of Supervalu tumbled almost 9 percent to $43.17 on
the New York Stock Exchange.


Read more at Reuters.com Market News

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