NASH FINCH SAYS PROFITS SLIDE DESPITE RECORD SALES

MINNEAPOLIS -- Nash Finch Co. here said oversupplies in its West Coast produce subsidiary resulted in lower prices and contributed to lower earnings, despite record sales, for the year and fourth quarter ended Dec. 31.Net income declined 2.5% to $15.5 million for the year and 32.3% to $3.6 million for the 12-week quarter. Sales rose 4% to $2.8 billion for the year and 3.4% to $656.5 million for the

MINNEAPOLIS -- Nash Finch Co. here said oversupplies in its West Coast produce subsidiary resulted in lower prices and contributed to lower earnings, despite record sales, for the year and fourth quarter ended Dec. 31.

Net income declined 2.5% to $15.5 million for the year and 32.3% to $3.6 million for the 12-week quarter. Sales rose 4% to $2.8 billion for the year and 3.4% to $656.5 million for the quarter.

Company officials said the record sales resulted from new business pl

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