OKLAHOMA CITY -- Fleming Cos. here said increased competition resulted in flat sales growth in the year ended Dec. 2. Net earnings declined 68.8% for the year, primarily as a result of restructuring charges.
he fourth quarter Fleming reported a loss of $49.3 million. The loss in the quarter was due to charges of $62 million for restructuring and $2.3 million for early debt retirement.
As part of the restructuring, Fleming, as reported, said it anticipates consolidating an unsp