New Business Drives Spartan's Sales Growth in Q2

Spartan Stores last week said sales growth in its fiscal second quarter was driven by new business on both its retail and wholesale sides, but a tax-related charge dragged down net income for the period. The company said the acquisition of 20 Felpausch Food Centers earlier this year and comp-store sales growth of 2.8% (excluding fuel) helped drive second-quarter sales gains

Grand Rapids. Mich. — Spartan Stores here last week said sales growth in its fiscal second quarter was driven by new business on both its retail and wholesale sides, but a tax-related charge dragged down net income for the period.

The company said the acquisition of 20 Felpausch Food Centers earlier this year and comp-store sales growth of 2.8% (excluding fuel) helped drive second-quarter sales gains of 13.5%, to $627.1 million, compared with year-ago results.

Increment

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