Nash-Finch Co.'s (NAFC) first-quarter 2012 reported net earnings declined to $5.5 million or $0.42 per share from $7.5 million, or $0.57 per share, with adjusted earnings, excluding significant items, dropping to $6.2 million or $0.47 per share from $9.3 million or $0.71 per share in the year-ago period. On average, 3 analysts polled by Thomson Reuters expected earnings per share of $0.55 for the quarter. Analysts' estimates typically exclude one-time items.
Total company sales were $1.06 billion, down 3.7% from $1.10 billion in the prior-year quarter. Excluding the impact of selling or closing six retail stores, total company first-quarter comparable sales slid 3.1% relative to last year.
by RTT Staff Writer
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