Supervalu's Earnings, Revenue Drop

ood retailer and wholesaler Supervalu Inc. reported Tuesday it earned $92.9 million or 65 cents a share for its 2005 fourth quarter ended Feb. 26, down from $95.6 million or 67 cents a share a year earlier.

The company said its earnings exceeded its guidance of 61 to 66 cents a share. Sales dropped to $4.6 billion from $5 billion a year earlier.

Supervalu is No. 21 on the Transport Topics Private 100 listing of the largest private fleets in North America.

In January, Supervalu said it had agreed to buy Total Logistics Inc. for $233 million in cash and the assumption of debt.