Market Trends

SUPERVALU INC. on Thursday announced results for the second quarter of fiscal 2002, which ended September 8, 2001. The company reported sales for the second quarter of $4.7 billion, net earnings of $52.1 million, earnings per share of $0.39 and cash earnings per share of $0.46.

ConAgra Foods, one of the world's largest packaged food companies, reported record first quarter sales and earnings for the period ending August 26, 2001.

Fleming announced on Wednesday the successful opening and initiation of service from its newest distribution center in South Brunswick, N.J.

The Kroger Co. on Wednesday reported earnings of $0.32 per diluted share excluding costs related to a merger and one-time expenses, for the second quarter ended August 18, 2001. These results represent an increase of 19% over the second quarter of 2000, on the same basis.

The Pepsi Bottling Group on Wednesday announced that its Board of Directors has elected John T. Cahill, 44, CEO. The Board also approved the promotion of Eric J. Foss, 43, to president of PBG North America.

The Penn Traffic Company has launched three programs to help victims of the recent national tragedy.

Tesco, the UK's biggest supermarket chain, is planning to create up to 20,000 jobs worldwide within the next year as it expands its international operations.

General Mills (NYSE:GIS - news) today reported record results for its fiscal 2002 first quarter. Sales for the 13 weeks ended Aug. 26, 2001, grew 6 percent to $1.77 billion, fueled by 5 percent growth in the company's worldwide unit volume.