US wholesale-grocery distributor and retailer Fleming has reported a net loss of US$20.9m, or 39 cents a share, for the third quarter ending 5 October.

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This corresponds to a net income of US$19.1m, or 40 cents a share, for the third quarter last year.


Excluding the results from Fleming’s retail price-impact grocery stores which it plans to sell, the loss from the company’s continuing operations was $1.5m, or three cents a share, compared with income for last year’s third quarter of $16.5m, or 35 cents a share. This was slightly higher than analysts’ expectations of a loss of 4 cents a share for the third quarter of 2002.

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