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Monday July 16, 2012

Supervalu Q1 Earnings Down

Minneapolis — Supervalu Inc. is reporting that first-quarter net earnings fell to $41 million, from $74 million during the previous comparable period.

Additionally, net sales dropped from $11.1 billion to $10.6 billion, the company says.

The company says it will continue to cut prices and examine “strategic alternatives” going forward.

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