GRAND RAPIDS, Mich. — Spartan Stores here yesterday said net income nearly doubled for its fiscal third quarter, which ended Jan. 5, as sales increased in both its retail and distribution businesses. Net income of $10.6 million for the 16-week period, which included a tax gain, compares with net income of $5.9 million a year ago. Excluding the gain, net income rose 33.3%, while revenues for the quarter were up 15.6%, to $826.1 million. Third-quarter retail sales were up 26.9%, to $415.4 ...
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.