GRAND RAPIDS, Mich. — Spartan Stores posted a 52.2% increase in net earnings and an operating earnings increase of 26.4% during the fiscal first quarter ended June 21, the company said Wednesday. A challenging economic climate held comparable retail sales, excluding fuel, to a 0.2% gain during the quarter, but an improved sales mix between the wholesale and retail divisions — due mainly to the addition of Felpausch stores to the retail store base — helped increase profits as a percentage of ...
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.