FLEMING SALES DOWN, EARNINGS UP

OKLAHOMA CITY -- Fleming Cos. here said last week asset rationalizations and distribution consolidations resulted in lower sales and higher adjusted earnings for the year ended Dec. 25.Sales for the year fell 2.8% to $14.6 billion. However, sales during the 12-week fourth quarter rose 0.9% to $3.6 billion, marking the first quarterly sales gain in more than four years. Fleming said the growth came

OKLAHOMA CITY -- Fleming Cos. here said last week asset rationalizations and distribution consolidations resulted in lower sales and higher adjusted earnings for the year ended Dec. 25.

Sales for the year fell 2.8% to $14.6 billion. However, sales during the 12-week fourth quarter rose 0.9% to $3.6 billion, marking the first quarterly sales gain in more than four years. Fleming said the growth came in the company's distribution segment, primarily as a result of sales to nontraditional

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