Nash Finch Q3 Profit Falls, Revenue Up - Quick Facts

(RTTNews) - Nash Finch Co. (NAFC), which has agreed to merge with Spartan Stores Inc. (SPTN), Tuesday said third-quarter net earnings fell to $6.0 million or $0.46 per share from $14.6 million or $1.12 per share in 2012.

Adjusted net earnings were $8.7 million or $0.66 per share while it totaled $18.0 million or $1.38 per share last year.

Total company sales rose 3.5 percent to $1.56 billion from $1.51 billion in the prior-year quarter, primarily due to sales to new customers in the Food Distribution segment.

''We continued to experience solid sales performance across all of our business segments in the third quarter. Excluding the impact of the government sequestration and shutdown, our total company sales growth would have been over 7%", said Alec Covington, President and CEO of Nash Finch.