Post Albertsons acquisition, Supervalu steers steady course.

MINNEAPOLIS -- Supervalu made a slight upward adjustment to its earnings-per-share guidance after lowering the range over the summer and reported that it is meeting expectations for its performance during the integration of Albertons. Despite the challenges of integration, the food retailer and distributor isn't balking on store expansion and is making significant moves with its more specialized banner.

Chairman Jeff Noddle was enthusiastic in touting the company's performance in an Oct. 10 conference call detailing results for the second quarter ended Sept. 9.

"Obviously, this is a very important call today," Noddle said. "Our results this morning are strong, on track and demonstrate the power of the newly transformed Supervalu. Last quarter we …