Nash Finch Swings to Profit, but Turnaround is Slow

Nash Finch will proceed cautiously along the road to recovery, Alec Covington, chief executive officer, said in a conference call reviewing quarterly earnings and the distributor’s strategic turnaround plan yesterday.

MINNEAPOLIS — Nash Finch will proceed cautiously along the road to recovery, Alec Covington, chief executive officer, said in a conference call reviewing quarterly earnings and the distributor’s strategic turnaround plan yesterday. Covington said Nash Finch delayed investing in “Operation Fresh Start” during 2007 while focused on building a solid foundation for growth. As a result, he said benefits of the strategy would arrive in 24 months, and not 18 as first anticipated. However, he said fi

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