By midmorning, shares had added 15.1% to $7.78.
In its February-ending quarter, the grocery chain reported net income of 18 cents a share, 3 cents higher than analysts surveyed by Thomson Reuters had anticipated.
Revenue of $3.95 billion exceeded analysts' forecasts of $3.88 billion.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates SUPERVALU INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUPERVALU INC (SVU) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."
- You can view the full analysis from the report here: SVU Ratings Report