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Thursday, Oct 18
2012, 10:49 AM
Highlights from Supervalu's (SVU) earnings call: 1) The company says it was forced to get more...
Highlights from Supervalu's (SVU) earnings call: 1) The company says it was forced to get more promotional in Q2 due to weak demand and low traffic. 2) Wayne Sales promises his team will continue to target areas for cost savings. 3) Cash flow guidance reduced to $950M after factoring in capital spending increases, debt payments, and asset sales. 4) Save-A-Lot is still viewed as salvageable after getting "off-strategy" under prior leadership. 5) Nothing concrete on who's sniffing around as a potential buyer is unveiled. Shares +8.9% on heavy volume. (webcast)