• Supervalu yesterday reported a $201 million fourth quarter loss, down from a profit of $156 million during the same period a year ago. Q4 sales increased four percent from a year earlier to $10.82 billion, on same-store sales that were off two percent.
Supervalu also reported full-year net sales of $44.6 billion and a net loss of $2.9 billion.
• Amazon.com reported that its first quarter profit was up 24 percent to $177 million, from $143 million during the same period a year ago. Q1 sales were up 18 percent to $4.89 billion.
• Penn Traffic said that it lost $17.6 million last year, a marked improvement over the previous fiscal year, during which it lost almost $42 million. Annual revenue was $872.3 million, down from $895.9 million a year ago.
Supervalu also reported full-year net sales of $44.6 billion and a net loss of $2.9 billion.
• Amazon.com reported that its first quarter profit was up 24 percent to $177 million, from $143 million during the same period a year ago. Q1 sales were up 18 percent to $4.89 billion.
• Penn Traffic said that it lost $17.6 million last year, a marked improvement over the previous fiscal year, during which it lost almost $42 million. Annual revenue was $872.3 million, down from $895.9 million a year ago.
- KC's View:
