SUPERVALU INC.
NYSE : SVU

January 23, 2006 06:00 ET

SUPERVALU Sells 26 Chicago-Area Cub Foods Stores

MINNEAPOLIS--(CCNMatthews - Jan 23, 2006) -

SUPERVALU INC. (NYSE:SVU) today announced that it has sold 26 Cub Foods stores located primarily in the Chicago area to an investment group led by Cerberus Capital Management, L.P., incurring an after-tax loss of approximately $61 million or approximately $0.42 per diluted share during fiscal 2006. The loss, which is primarily non-cash, will occur in the fourth quarter. The results for the fourth quarter of fiscal 2006, which ends on February 25, 2006, will be released on April 18.

About SUPERVALU

Celebrating its 135th year of fresh thinking, SUPERVALU INC., a Fortune 500 company, is one of the largest companies in the United States grocery channel. With annual revenues of approximately $20 billion, SUPERVALU holds leading market share positions across the United States with its 1,532 retail grocery locations, including licensed Save-A-Lot locations. With its Save-A-Lot format, the company holds the number one market position in the extreme value grocery retail sector. Through SUPERVALU's geographically diverse supply chain network, the company provides distribution and related logistics support services to grocery retailers across the nation. In addition, SUPERVALU's third-party logistics business provides end-to-end supply chain management solutions that deliver value for manufacturers, consumer products retailers and food service customers. SUPERVALU currently has approximately 57,000 employees. For more information about SUPERVALU visit www.supervalu.com.

Contact Information