Gas Sales, Productivity Pace Spartan Q4 Results

A strengthening Michigan economy and productivity improvements helped Spartan Stores post a 140% increase in fourth quarter earnings, the company said.

GRAND RAPIDS, Mich. — A strengthening Michigan economy and productivity improvements helped Spartan Stores post a 140% increase in fourth quarter earnings, the company said Wednesday.

On an adjusted EBITDA basis, Spartan improved by 12.3% in the quarter which ended March 26. The company was adversely affected by a warehouse consolidation in the fourth quarter last year.

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