Spartan's Q3 Retail Comps Rise

Spartan Stores here last week said strong comparable-store sales in its retail division helped drive gains in profits on continuing operations for the third quarter, although net income was off after a one-time gain in the year-ago period. Net income for the 16-week quarter declined about 16%, to $8.91 million, due primarily to a one-time tax benefit of $2.7 million in the prior

GRAND RAPIDS, Mich. — Spartan Stores here last week said strong comparable-store sales in its retail division helped drive gains in profits on continuing operations for the third quarter, although net income was off after a one-time gain in the year-ago period.

Net income for the 16-week quarter declined about 16%, to $8.91 million, due primarily to a one-time tax benefit of $2.7 million in the prior year, but operating earnings rose 17.4%, to $17.9 million. Sales for the third

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