Nash Finch Doubles Profits in Q1

Buying ahead of rapid food-cost inflation and taking advantage of an early Easter holiday, Nash Finch boosted inventories and profits during the first quarter, which ended March 22.

MINNEAPOLIS — Buying ahead of rapid food-cost inflation and taking advantage of an early Easter holiday, Nash Finch boosted inventories and profits during the first quarter, which ended March 22. Net profits of $11.3 million, or 85 cents a share, improved 113.2% on sales of $1.02 billion. Sales fell by 1% overall but improved by 1.7% excluding effects of the departure of a large wholesale customer and an Easter holiday that fell in the first quarter this year but the second quarter in fiscal

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