Felpausch Boosts Spartan Sales in 3Q

GRAND RAPIDS, Mich. — Spartan Stores here yesterday said net income nearly doubled for its fiscal third quarter, which ended Jan. 5, as sales increased in both its retail and distribution businesses.

GRAND RAPIDS, Mich. — Spartan Stores here yesterday said net income nearly doubled for its fiscal third quarter, which ended Jan. 5, as sales increased in both its retail and distribution businesses. Net income of $10.6 million for the 16-week period, which included a tax gain, compares with net income of $5.9 million a year ago. Excluding the gain, net income rose 33.3%, while revenues for the quarter were up 15.6%, to $826.1 million. Third-quarter retail sales were up 26.9%, to $415.4 milli

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