Covington: Nash Finch Turnaround Gaining Traction

Although accounting and impairment charges caused a 44% decline in net income, Nash Finch officials declared the third quarter a success on the basis of sales and EBITDA increases in all three of its operating 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

MINNEAPOLIS — Although accounting and impairment charges caused a 44% decline in net income, Nash Finch officials declared the third quarter a success on the basis of sales and EBITDA increases in all three of its operating 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 results.

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