<p> Supervalu is continuing to impress as its quarterly net profit nearly doubled, according to its latest Q3 2014 financial results. Net sales were at $4.01 billion, while the company’s net earnings rose to $31 million, or $0.12 per diluted share, from $16 million, or $0.08 per share a year earlier.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> “Although we are less than a year removed from the sale of five of our retail banners, Supervalu has made positive strides in all three of our business segments to better position the company for financial growth and improved shareholder value,” said Sam Duncan. “Although we still have work to do to improve our sales trajectory, I am pleased with the accomplishments we made within our operations this quarter and look forward to completing my first fiscal year leading this company.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> On Thursday, company executives said that its supermarket business had stablilized after a major restructuring. In 2013, it had sold five of its largest grocery chains to Cerberus Capital, including Albertson’s, Acme, Jewel-Osco, and Shaw’s/Star.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Will this company’s good fortune continue in 2014? Stay tuned to AndNowUKnow as we follow Supervalu’s performance in 2014.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.supervaluinvestors.com/phoenix.zhtml?c=93272&p=irol-irHome" target="_new"> Supervalu </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
