SuperValu posts 4Q profit of $52 million, result tops expectations
EDEN PRAIRIE, Minn. (AP) _ SuperValu Inc. (SVU) on Tuesday reported financial final quarter benefit of $52 million.
On a for each offer premise, the Eden Prairie, Minnesota-based organization said it had net salary of 20 pennies. Income, balanced for one-time picks up and costs, came to 23 pennies for every offer.
The outcomes beat Wall Street desires. The normal assessment of four experts overviewed by Zacks Investment Research was for profit of 17 pennies for each offer.
The market administrator posted income of $3.95 billion in the period.
For the year, the organization reported benefit of $178 million, or 66 pennies for every offer. Income was accounted for as $17.53 billion.
SuperValu offers have declined 24 percent since the start of the year. The stock has declined 53 percent in the most recent 12 months.
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