Supervalu reports dip in earnings for Q2
MINNEAPOLIS Supervalu today reported its totals for second quarter 2009 sales and earnings.
Supervalu said that in the second quarter its net sales totalled $10.2 billion, compared with a total of $10.2 billion last year. The company’s net earnings checked in at $128 million, in comparison with $148 million at the same time last year (earnings per share totaled $0.60 diluted compared to $0.69 diluted in the second quarter 2008, including expenses related to acquisitions, which totaled $3 million and $19 million, or $0.01 and $0.05, respectively, pre-tax per share, diluted.
For its 2009 year-to-date total sales, Supervalu rang up $23.6 billion compared to $23.5 billion in year-to-date sales for the same time last year. Net earnings reported totaled $290 million, compared to last year’s sum of $296 million last year, or $1.36 per share diluted, compared with $1.37 diluted for the same period in 2008.
Supervalu also reported that its retail food net sales for the second quarter totaled, $8.0 billion, remaining the same as the previous year. The company’s retail square footage was down by 0.1 percent from the second quarter of last year, a total that was partially offset by new store openings in several markets.
Cub Food hopes to spread environmental awareness with opening of ‘green’ grocery store
MINNEAPOLIS Cub Food is now operating the nation’s first “green” grocery store in St. Paul, the company said. The store is certified by the Leadership in Energy and Environmental Design and will save about $6,500 in energy costs per year.
To construct the store, builders used recycled materials and energy-efficient lights and fixtures. The store also has 44 solar-powered skylights and the parking lot is equipped with LED lights which have a lifetime of about 40 years.
Additionally, the outdoor landscaping will be irrigated using a system designed to conserve water and landscapers will plant drought-resistant plants around the store, Cub Food said.
Former White House chef and Sara Lee release White House-worthy sandwich ideas
DOWNERS GROVE, Ill. Craving a meal fit for a king? Chef Louis Eguaras may not have cooked for royalty, but, as a former White House chef, he prepared meals for President George Bush Sr. and is now joining forces with Sara Lee Deli to bring the White House cuisine to your home.
The two encourage Americans to celebrate Nov. 3’s National Sandwich Day, which coincidentally shares the date with the eve of the 2008 presidential election. Sara Lee Deli has posted two recipes inspired by both Obama and McCain’s favorite foods at www.thejoyofeating.com, Check out the a-vote-cado and turkey; red, white and blue inaugural; and the bi-partisan panini.
Eguaras recommends sandwich-makers use Sara Lee Deli to aid them in their sandwich creations for the night of Nov. 3, and suggests Sara Lee Fresh Ideas sandwich dressings. The condiments are sold in small, single-serve packets that allows you to wait until the last minute to apply, sparing you a soggy sandwich.
Sara Lee Deli is also releasing four new deli meats comprising pre-sliced Sara Lee Fresh Ideas Garlic herb Chicken and Hickory Smoked Ham, as well as deli-available Sara Lee Fresh Ideas Virginia Brand Ham with Natural Juices and Deluxe Cooked Ham with Natural Juices.