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Supervalu Profit Falls 23%

2014-10-17 11:08:32| Grocery - Topix.net

Supervalu Inc. on Thursday reported a 23% drop in quarterly earnings, nicked by costs tied to recent data breaches, though sales at its Save-A-Lot discount chain continued to grow. The supermarket operator's profit for its fiscal second quarter fell to $31 million, or 11 cents a share, from $40 million, or 15 cents a share, a year earlier.

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