INITIATIVES SPUR INCOME MOMENTUM AT FLEMING

DALLAS -- Fleming here said its focus on distribution, price-impact retail stores and other initiatives helped provide earnings momentum for the year and fourth quarter ended Dec. 30.Although the company reported a net loss for both periods, Fleming said earnings excluding adjustments for strategic-planning charges and one-time items were up 43.2% to $62.2 million for the year and 36.6% to $21.2 million

DALLAS -- Fleming here said its focus on distribution, price-impact retail stores and other initiatives helped provide earnings momentum for the year and fourth quarter ended Dec. 30.

Although the company reported a net loss for both periods, Fleming said earnings excluding adjustments for strategic-planning charges and one-time items were up 43.2% to $62.2 million for the year and 36.6% to $21.2 million for the 13-week quarter. Sales rose 1.2% to $14.4 billion for the year and 3.5% t

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