Nash Finch Cites ‘Challenging’ Q2

MINNEAPOLIS — Stock in Nash Finch dropped to a 52-week low in afternoon trading Thursday after the company said competitive pressure and slowing inflation triggered a “challenging” second quarter.

A goodwill writedown of $132 million contributed to a net loss of $85 million in the quarter, which ended June 16, Nash Finch said. Excluding the writedown, which was related to aligning market value to de

Register to view the full article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish