Nash Finch Co.'s (NAFC) first-quarter reported net earnings slid to $2.1 million or $0.16 per share, from $5.5 million or $0.42 per share a year ago.
Adjusted net earnings for the period were $2.7 million or $0.20 per share. On average, 2 analysts polled by Thomson Reuters expected earnings per share of $0.14 for the quarter. Analysts' estimates typically exclude one-time items. Net earnings were adjusted to exclude the impact of significant items totaling $0.6 million or $0.04 per share in 2013 and $0.7 million or $0.05 per share in the 2012 quarter, the company added.
However, total company sales for the quarter were $1.09 billion, up 2.3% compared with $1.07 billion in the prior-year quarter. The acquisition of eighteen No Frills stores in the third quarter of 2012 and twelve Bag 'N Save stores in the second quarter of 2012 contributed to a net increase in total company sales of $35.0 million, according to Nash Finch.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.