(Dec. 29) Supervalu Inc., Eden Prairie, Minn., posted a 15% drop in profits in its third quarter, which ended Nov. 29.

The company said strikes and its departure from the Denver market decreased net income to $48.6 million, a loss of $57.1 million from one year ago, according to The New York Times.

Supervalu’s sales, however, increased in the quarter to $4.74 billion, up from $4.55 billion. The company’s stock price was $27.95 per share, up 10%.

A 28-day strike at St. Louis Shop ‘n Save stores was blamed for the decrease in profit. The company also said costs associated with the sale of nine Denver supermarkets and a warehouse were partly responsible.

If the strike had not occurred, same-store sales at stores open at least one year would have increased by 4.3%, according to reports.

Supervalu operates 1,468 stores in 40 states, which include Cub Foods, Farm Fresh and Shoppers Food Warehouse.