USA: Nash Finch announces strong fiscal 2000 and fourth-quarter results
Nash Finch Company (Nasdaq: NAFC), a Minneapolis-based food retailer and distributor, today reported increased comparable earnings of $5.2 million, or 45 cents per share, excluding an extraordinary charge, in the fourth-quarter ended Dec. 30, 2000, compared to $4.2 million, or 37 cents per share, excluding non-recurring items, in the prior-year period. Total revenues for the 2000 fourth-quarter improved to $984.7 million, versus year-ago revenues of $963.3 million. EBITDA (earnings from operations before interest, taxes, depreciation, amortization and non-recurring items) rose 20 percent to $29.3 million in the 2000 fourth-quarter, or 3.0 percent of sales, versus $24.5 million, or 2.5 percent of sales, in the prior-year.
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