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SuperValu registers record results in fiscal 3Q

SuperValu Inc has reported results for the fiscal 2007 third quarter ended Dec 2, 2006. The company reported record net sales of $10.7 billion for the quarter, compared with $4.7 billion in the same period a year earlier. Record net earnings of $113 million were also tallied, versus $75 million a year ago.

The company completed its $11.3 billion acquisition of Albertson's retail properties June 2, 2006, transforming SuperValu into the nation's third-largest supermarket.

During the first three quarters of fiscal 2007, SuperValu reported net sales of $27.1 billion, compared with $15.2 billion in the year-earlier period, and net earnings of $332 million versus $200 million a year ago.

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