Nash Finch profits from fruitful first quarter

Apr 25, 2005 9:29 AM, from staff and wire reports

Nash Finch Co announced that earnings for the first quarter of 2005 were $7.0 million, compared with $4.7 million for the first quarter of 2004, a 49% increase. Total sales for the quarter rose to $882.2 million versus $879.5 million in the prior-year quarter. Sales growth in the food distribution and military segments more than offset the revenue impact of closing the food distributor's underperforming retail stores at the end of the second quarter 2004.

“We are pleased with the results of our quarter, which are in line with our expectations and represent increases in profitability across all segments of our business,” said Ron Marshall, chief executive officer. “Moreover, we completed the acquisition of the distribution centers in Lima (OH) and Westville (IN) shortly after the close of the first quarter, and integration efforts are proceeding according to plan.”

Reprints and Licensing
© 2013 Penton Media Inc.







Directories

Newsletter

Events

Visit Our Directories

Access our growing list of guides and directories:

· Refrigeration Unit Repair Directory
· LTL Routing Guide
· Warehousing and Distribution Directory
· Gross Revenue Reports




Subscribe to our Newsletter

Refrigerated Transporter’s Business Picture is a weekly update of news and trends in refrigerated transportation and logistics.

Check out our calendar

Come here to see upcoming events in the Refrigerated Transport Industry. Mark your calendars early!

Search 2.5+ million listings
Browse Back Issues