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• Supervalu announced that its fourth quarter profit was $119 million, compared with a profit of $6 million during the same period a year ago. The whopping increase was attributed to the company’s acquisition of Albertsons. Q4 sales more than doubled to $10.3 billion from $4.6 billion last year.

For the full year, Supervalu reported net sales of $37.4 billion, compared with $19.9 billion in 2006. In 2007, the company earned $452 million, or $2.32 a share, compared to $206 million, or $1.46 a share.

• The Great Atlantic & Pacific Tea Co. (A&P) reported that its fourth quarter net income was $1.7 million, up from a loss of $14.6 million during the same period a year ago. Sales for the period were up 0.6 percent to $1.08 billion.

Sales for the fiscal year were $4.06 billion, flat as compared with fiscal 2005’s $3.93 billion when adjusted for 52 weeks. Same-store sales increased by 0.4 percent for the year.
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