NASH FINCH NET HIKE LOWER THAN EXPECTED

MINNEAPOLIS -- Nash Finch Co. here said a downturn in sales at corporate retail stores in the Midwest and lower tobacco margins in the Southeast resulted in disappointing earnings despite record sales for the third quarter and 40 weeks ended Oct. 8. Net income rose 34.1% to $4 million for the 16-week quarter and 12.8% to $11.8 million for the year to date. Sales increased 3.5% to $887 million for

MINNEAPOLIS -- Nash Finch Co. here said a downturn in sales at corporate retail stores in the Midwest and lower tobacco margins in the Southeast resulted in disappointing earnings despite record sales for the third quarter and 40 weeks ended Oct. 8. Net income rose 34.1% to $4 million for the 16-week quarter and 12.8% to $11.8 million for the year to date. Sales increased 3.5% to $887 million for the quarter and 4.1% to $2.18 billion for the 40-week period. The company said the lower-than-

Register to view the full article