Nash Finch Company (NAFC) reported a fourth-quarter net loss of $28.96 million or $2.23 per share compared to profit of $8.18 million or $0.62 per share last year. The company incurred higher expenses, including a goodwill impairment for the quarter. Net earnings, as adjusted were $6.4 million or $0.49 per share.
Sales decreased to $1.14 billion from $1.15 billion last year. After adjusting for acquisitions, comparable sales decreased 4.1%. Total cost and expenses were $134.72 million compared to $74.07 million last year.
Analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude speical items.
by RTT Staff Writer
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