(Jan. 10) Supervalu Inc.’s acquisition of assets from Albertsons Inc. late last spring has resulted in a 51% hike in third-quarter earnings, the company announced June 9.

Supervalu, based in Eden Prairie, Minn., said it earned $113 million, or 54 cents per share, in the three months that ended Dec. 2. That’s an increase from $75 million, or 53 cents per share, during the same period last year.

The firm's revenues rose to $10.66 billion from $4.7 billion a year ago.

Supervalu took over the No. 3 spot among U.S. grocery chains – behind Kroger Co. and Safeway Inc. – when it completed the acquisition.