US food distributor and retailer Nash Finch has reported a rise in quarterly net earnings, despite lower sales.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
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
