Charges Hurt Nash Finch Q3 Earnings, Sales Increase

Nash Finch here said Thursday that accounting and impairment charges caused net income to decline by 44% to $8.6 million in the fiscal third quarter that ended Oct. 4, but that sales improved by 5% to $1.4 billion and EBITDA grew in all of its business segments.

MINNEAPOLIS — Nash Finch here said Thursday that accounting and impairment charges caused net income to decline by 44% to $8.6 million in the fiscal third quarter that ended Oct. 4, but that sales improved by 5% to $1.4 billion and EBITDA grew in all of its business segments. “I think the headline for us this quarter is that the company is growing again, and that’s important because companies that don’t grow die,” Alec Covington, chief executive officer, said in a conference call discussing r

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