MINNEAPOLIS -- Nash Finch Co. here said sales increases and positive earnings for the first quarter ended March 27 were slightly ahead of expectations and indicate the company's revitalization plan is on target.
aid total revenues for the 12-week quarter rose 0.2% to $934.8 million, while net earnings were $1.2 million, compared with a loss of $2.9 million in last year's first quarter. Prior-year results were affected by an extraordinary net charge of $5.6 million related to debt refinancing, the company noted.
Operating cash flow for the quarter fell 14.7% to $18.6 million, or 2% of sales, compared with $21.8 million, or 2.3% of sales, a year ago.
