OKLAHOMA CITY -- Fleming Cos. here said increased competition resulted in flat sales growth in the year ended Dec. 2. Net earnings declined 68.8% for the year, primarily as a result of restructuring charges. he fourth quarter Fleming reported a loss of $49.3 million. The loss in the quarter was due to charges of $62 million for restructuring and $2.3 million for early debt retirement. As part of the restructuring, Fleming, as reported, said it anticipates consolidating an unspecified ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.