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Company News

BUZZ-Supervalu Inc: Breezes past Q2 results estimates

** Grocery retailer’s shares up 8.8 pct at $21.09 - stock among top pct gainers on NYSE in early morning trading

** Surpasses Q2 sales and profit estimates, fueled by strong growth in wholesale business

** To buy Associated Grocers of Florida for $180 million

** Beats EPS est. for 5th time in past 8 quarters and revenue est. for 3rd straight quarter

** Including today’s gains, stock up over 35 pct this year (Reporting by Vibhuti Sharma in Bengaluru)

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