US food distributor and retailer Nash Finch has reported a rise in quarterly net earnings, despite lower sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company posted net earnings of US$14.6m, or $1.15 per share, for the third quarter to 9 October, compared to $11.6m, or 95 cents per share, for the third quarter last year.


Total sales for the third quarter of 2004 were $1.19bn versus $1.22bn in the prior-year period, as increases in food and military distribution sales were offset by a decrease in retail sales primarily due to store closures at the end of the second quarter of 2004.
 
Food distribution segment sales for the third quarter were $610.9m versus $604.5m in the year-ago period. Corporate retail sales were $241.8m in the third quarter of 2004 versus $291.3m in the prior-year period.


Nash Finch said it expects earnings per share for fiscal 2004 to range between $1.17 and $1.23.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now