Nash Finch-Spartan merger pays off in Q2 results
SEAFOODNEWS.COM [Progressive Grocer] - August 18, 2014 -
SpartanNash Co.'s consolidated net sales for the second quarter ending July 12 increased 178 percent to $1.8 billion, compared to $651.1 million last year, primarily due to $1.2 billion in sales generated as a result of last November's merger of Spartan Stores with Nash Finch Co.
Reported operating earnings increased 115.3 percent to $32.6 million, compared to $15.2 million for the prior year quarter, primarily due to contributions from the merger with Nash Finch.
Grand Rapids, Mich.-based SpartanNash Co.'s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. SpartanNash operates 166 supermarkets, primarily under the banners of Family Fare Supermarkets, D&W Fresh Markets, Family Fresh, No Frills, Bag 'n Save, Sun Mart and Econofoods.
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