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Supervalu (SVU) Stock Increases Ahead of Q2 Results

NEW YORK (TheStreet) -- Shares of Supervalu (SVU) are up 1.91% to $5.34 in afternoon trading as the company expects to post fiscal 2016 second quarter earnings and revenue before tomorrow's opening bell.

Analysts project the Eden Prairie, MN-based wholesale distributor to report earnings of 22 cents per share on revenue of $5.3 billion.

Last year, Supervalu posted earnings of 23 cents per share on revenue of $5.41 billion.

Earlier this month, the company announced a long-term supply agreement with Marsh Supermarkets, where it will provide items such...