Spartan Boosts Earnings on Better Margin Mix

Spartan Stores posted a 52.2% increase in net earnings and an operating earnings increase of 26.4% during the fiscal first quarter ended June 21, the company said Wednesday.

GRAND RAPIDS, Mich. — Spartan Stores posted a 52.2% increase in net earnings and an operating earnings increase of 26.4% during the fiscal first quarter ended June 21, the company said Wednesday. A challenging economic climate held comparable retail sales, excluding fuel, to a 0.2% gain during the quarter, but an improved sales mix between the wholesale and retail divisions — due mainly to the addition of Felpausch stores to the retail store base — helped increase profits as a percentage of

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