Market Sees Less Value In SUPERVALU After Q3 Results Disappoint

Shares of SUPERVALU Inc. SVU continued to slide Wednesday morning, trading down 12.2 percent at $5.28.

"Although third quarter adjusted EBITDA was in-line with our operating plan, we continue to operate in a challenging environment," said SUPERVALU CEO Sam Duncan. This quote proceeded SUPERVALU's less-than-stellar earnings Wednesday morning.

The company's adjusted EPS was $0.16, which was in-line with analyst expectations. However, the Street seems to be disappointed with the third quarter $4.11 billion revenue reported, down from prior year sales of $4.23 billion and analyst estimate of $4.16 billion.

Regarding the sales miss, Duncan looks to shift his attention to the company's sales, saying it would be a "primary focus as we look to complete the fiscal year."