NASH FINCH PROFITS SLIDE AS RETAIL SALES FALL SHARPLY

MINNEAPOLIS - Citing declining retail sales, ongoing integration expenses and a less profitable sales mix, Nash Finch here said profits fell by 44.3% during its fiscal first quarter.Earnings of $3.9 million, or 29 cents per share, fell from $7 million and 54 cents, respectively, as compared to the same period a year ago. Analysts polled by Thomson Financial had expected 64 cents in earnings.Stock

MINNEAPOLIS - Citing declining retail sales, ongoing integration expenses and a less profitable sales mix, Nash Finch here said profits fell by 44.3% during its fiscal first quarter.

Earnings of $3.9 million, or 29 cents per share, fell from $7 million and 54 cents, respectively, as compared to the same period a year ago. Analysts polled by Thomson Financial had expected 64 cents in earnings.

Stock in the distributor subsequently tumbled by nearly 20% following the announcemen

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