Nash Finch Profits Fall, Sales Rise

Nash Finch Co. saw its stock drop more than 12% yesterday after reporting a decline in fourth-quarter profits.

MINNEAPOLIS — Nash Finch Co. here saw its stock drop more than 12% yesterday after reporting a decline in fourth-quarter profits. The wholesaler said net income for the period, which ended Jan. 3, was $6.2 million, down 27% from year-ago levels.

Sales for the 13-week quarter were $1.2 billion, an increase of 12.5% over the 12-week quarter a year ago. Excluding the extra week, sales rose 5.3%. Net income for the year was off 6.7%, to $36.2 million, which the company said was neg

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