October 22, 2012

SuperValu Q2 net sales decline 4.6% for Q2 in 2012

US-based grocery chain SuperValu has posted a 4.6% decline in net sales to $8bn in the second quarter of 2012 fiscal.

By admin-demo

US-based grocery chain SuperValu has posted a 4.6% decline in net sales to $8bn in the second quarter of 2012 fiscal.

The company noted that the decrease in net sales primarily reflects both a fall in identical store sales and the closure of a majority of the it’s retail fuel centers which contributed $158m in sales in the second quarter of fiscal 2012.

Independent business net sales totaled $1.87bn in the quarter, a increase of 1.1% compared to $1.85bn in the year ago quarter

Net loss for the period was $111m compared to profit of $60m last year while retail food net sales were $5.21bn, down from $5.61bn in the year earlier quarter.

The company operates stores under various banners such as Acme , Albertsons, Bristol Farms , Cub Foods , Farm Fresh , Hornbacher’s, Jewel-Osco , Lucky, Shop ‘n Save.

SuperValu operates 4,400 stores composed of 1,099 traditional retail stores, including 797 in-store pharmacies; 1,341 Save-A-Lot stores, of which 943 are operated by licensee owners; and 1,950 independent stores serviced primarily by the company’s food distribution business across US.