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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MARK HAINES, CNBC ANCHOR: SUPERVALU posting a quarterly drop in profits after charges related to Hurricane Katrina. Excluding the charges, earnings were in-line with expectations. The company also raising its outlook for `06. Joining us "First on CNBC" to discuss results, give us an outlook, Jeff Noddle is SUPERVALU CEO.
Good morning, sir. Thanks for being with us.
JEFF NODDLE, CHMN. & CEO, SUPERVALU: Good morning, Mark. Nice to see you again.
HAINES: First question is, is there any way -- have you gotten a read yet on what these energy costs are doing to your customers?
NODDLE: Well, the data is fairly mixed at this point, Mark. There`s no question in our minds that consumers are being affected by the high gasoline prices, and having to adjust their budgets accordingly. We see it particularly, obviously, in the lower income areas where we operate, and in our Save-A-Lot chain, which is...
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