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Supervalu Ups '09 Outlook; Shares Soar
MINNEAPOLIS - Supervalu Inc. here offered bullish guidance yesterday on its fiscal 2009 earnings expectations, of $3.06 to $3.22 a share, higher than current analysts' expectations of $3.05 a share. The company also raised its same store sales outlook to a range of 1 percent to 2 percent, bettering the 0.5 percent growth Supervalu expects to report for fiscal year 2008, which just ended.