Nash-Finch Co.'s (NAFC) 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.
by RTT Staff Writer
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