...didn't make economic sense. "Our above-consensus results reflect improved execution across the company," said Jeff Noddle, president and chief executive officer. "We delivered an improvement in our retail comparable sales, putting us...

...to a restatement. The problem is an understatement of cost of goods sold in Supervalu's pharmacy division, said Jeff Noddle, chairman and chief executive. Sales were properly reported for all periods, he said. The charge does not materially...

...But operating earnings grew 8.1 percent, from $58.2 million to $62.9 million. Chairman and chief executive Jeff Noddle said Supervalu is committed to the "rapid expansion" of the Save-A-Lot discount grocery stores. Supervalu's...