Supervalu quarterly profit rises

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The grocery store chain operator said profit for the fiscal third quarter ended December 1 was $141 million, or 66 cents a share, compared with $113 million, or 54 cents a share, a year earlier.

CHICAGO (Reuters) - Supervalu Inc <SVU.N> posted higher quarterly profit on Tuesday, helped by lower employee-related costs and other expenses, but said consumer spending would continue to be pressured by inflation.

The grocery store chain operator said profit for the fiscal third quarter ended December 1 was $141 million, or 66 cents a share, compared with $113 million, or 54 cents a share, a year earlier.

(Reporting by Brad Dorfman; Editing by John Wallace)