Supervalu Inc, the No. 3 U.S. grocery store operator, said on Thursday it plans to sell five retail grocery chains to an investor group led by Cerberus Capital Management LP. Supervalu also said it posted a quarterly profit.It agreed to sell Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and the related Osco and Sav-on in-store pharmacies as part of the deal.It also reported a profit of $16 million, or 8 cents per share, in the third quarter ended on Dec. 1, compared with a year-earlier loss of $750 million, or $3.54 per share.Excluding an after-tax gain related to a cash settlement from credit card companies and after-tax charges primarily related to store closures, it earned $5 million, or 3 cents per share.
SUPERVALU INC. (SUPERVALU) is a United States grocery channel. Shares of SVU remained unchanged at $3.04. In the past year, the shares have traded as low as $1.68 and as high as $7.43. On average, 6497600 shares of SVU exchange hands on a given day and today's volume is recorded at 3818590.
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