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Byline: Tom Webb
Jul. 25--Supervalu shares fell nearly 8 percent Tuesday after the expanded supermarket giant said retail sales had softened, as it also lowered the top end of its 2008 guidance.
Both earnings and sales for the Eden Prairie-based grocer were up dramatically from a year ago, when the company purchased much of the Albertsons supermarket chain.
Supervalu earned $148 million in the fourth quarter, compared with $87 million a year ago, when it was a much-smaller grocery company. Sales soared to $13.3 billion, compared with $5.8 billion for the smaller chain. Both new numbers beat analysts' estimates.
"On all fronts, this was a …