Supervalu's first-quarter profits were up about 10 and a half percent to $74 million dollars, despite a 3.5% decline in revenues, to $11.1 billion. Craig Herkert, Supervalu's president and chief executive officer, stated that the "first quarter results reflect the progress we are making on our 8 Plays to Win strategy, and we remain on track to deliver our fiscal 2012 guidance. Our dedicated associates are utilizing new planning tools, analytics and a hyper local focus to help us meet the needs of today¹s consumers, while reducing shrink and improving our operations."<hr class="legacyRuler"><hr class="invisible minimal-padding">
