GRAND RAPIDS, Mich. — Spartan Stores here on Wednesday reported a 4.4% decline in comparable-store sales for its fiscal third quarter, but overall profitability improved amid cost containment and other initiatives, as well as one-time gains. The company said net earnings for the 16-week quarter, which ended Jan. 1, were up 45%, to $7.3 million, after some non-cash gains in the recent period. Consolidated (retail and wholesale) sales were down about 0.6%, to $782.3 million. Adjusted ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.