<p><strong>Minneapolis, MINN</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Supervalu has reported its fiscal first quarter financials for 2013 and has responded with improved strategies in response to the company's numbers. In order to enhance shareholder value, Supervalue plans include adopting more flexible financing facilities and reducing near-term capital expenditures. Another key initiative for Supervalu is to facilitate an additional $250 million in administrative and operational expense reductions over the next two years by focusing intensely on companywide efficiency and productivity. Supervalu's board, management and financial advisors have also decided to review strategic alternatives to create more shareholder value. The company's non-executive chairman Wayne Sales, will oversee this process so management can concentrate on the business plan.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Supervalu reported first quarter net sales were $10.6 billion and net earnings were $41 million resulting in $0.19 per diluted share, according to a press release. This compared to net sales of $11.1 billion and net earnings of $74 million, or $0.35 per diluted share, in the first quarter of fiscal 2012. The decrease in net sales reflects the disposition of a majority of our fuel centers, and a decline in identical store sales attributable to intense price sensitivity on the part of consumers and aggressive promotion and price actions by competitors.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.supervalu.com/sv-webapp/index.jsp" target="_new"> Supervalu </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
