UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 21, 2007

                                 SUPERVALU INC.
                                 --------------
             (Exact name of registrant as specified in its charter)


            Delaware                 1-5418                 41-0617000
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  (State or other jurisdiction     (Commission             (IRS Employer
        of incorporation)          File Number)          Identification No.)


              11840 Valley View Road
              Eden Prairie, Minnesota                   55344
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      (Address of principal executive offices)        (Zip Code)


Registrant's telephone number, including area code (952) 828-4000
                                                   --------------


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          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))






Item 7.01    Regulation FD Disclosure.

         On February 21, 2007, the registrant issued a News Release providing
fiscal 2008 earnings per share guidance and affirming its fiscal 2007 earnings
per share guidance. The copy of the News Release is attached as Exhibit 99.1 and
incorporated by reference herein.

         The information in this Current Report on Form 8-K, including Exhibit
99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that Section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any
general incorporation language in such filing.


Item 9.01    Financial Statements and Exhibits

      (c)    Exhibits.

             News Release of SUPERVALU INC., dated February 21, 2007, is
attached hereto as Exhibit 99.1.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                               SUPERVALU INC.
                                               ------------------------
                                                  (Registrant)

Date: February 21, 2007


                                         By:   /s/ Burt M. Fealing
                                            ---------------------------
                                            Burt M. Fealing
                                            Vice President, Corporate Secretary
                                            and Chief Securities Counsel
                                            (Authorized Officer of Registrant)


                                  EXHIBIT INDEX

Exhibit          Description of Exhibit
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   99.1          News Release of SUPERVALU INC., dated February 21, 2007