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Wednesday, 07/27/2016 8:03:22 AM

Wednesday, July 27, 2016 8:03:22 AM

Post# of 648882
EDEN PRAIRIE, Minn. (AP) _ SuperValu Inc. (SVU) on Wednesday reported fiscal first-quarter net income of $46 million.

The Eden Prairie, Minnesota-based company said it had net income of 17 cents per share. Earnings, adjusted for non-recurring costs, were 19 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The grocery store operator posted revenue of $5.2 billion in the period.

SuperValu shares have decreased 22 percent since the beginning of the year. The stock has fallen 28 percent in the last 12 months.
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