Supervalu posts Q2 drop in net income, but credit good

10/15/2008 | Forbes · Yahoo! · Wall Street Journal, The

Supervalu Inc. posted $128 million in net income for its fiscal second quarter, a drop of 14% from the year-ago period. The U.S.'s third-largest food retailer as measured by sales runs grocery stores under banners including Albertsons, Jewel-Osco and Shaw's. Supervalu's chairman-CEO in an interview with Reuters said the company's has enough credit to meet its financing needs through fiscal 2010.

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