Nash-Finch Co.'s (NAFC: Quote) fourth-quarter 2011 reported net earnings plummeted to $8.2 million or $0.62 per share from last year's $16.9 million, or $1.30 per share.
Excluding items, adjusted net earnings decreased to $12.7 million or $0.97 per share from $13.1 million or $1.00 per share in the 2010 period. On average, 2 analysts polled by Thomson Reuters expected earnings per share of $0.82 for the quarter. Analysts' estimates typically exclude one-time items.
Total company sales for the 2011 fourth quarter were $1.14 billion compared with $1.15 billion in the prior-year quarter, down 0.9%. Excluding the impact of selling or closing seven retail stores, total company quarterly comparable sales rose 0.1% relative to the earlier year period.
Click here to receive FREE breaking news email alerts for Nash Finch Co and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com