SUPERVALU Inc. (SVU) announced Wednesday morning that identical store sales and net earnings for the first quarter were impacted by a tougher than expected business environment. The company now expects EPS for the quarter to be substantially below the consensus estimate of $0.65. SUPERVALU Inc. gapped open sharply lower Wednesday, but was range-bound for the majority of the session. The stock finished down by $1.88 at $13.81 on the highest volume of the year. SUPERVALU closed testing support, trading at over a 2-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.