MINNEAPOLIS — Stock in Nash Finch dropped to a 52-week low in afternoon trading Thursday after the company said competitive pressure and slowing inflation triggered a “challenging” second quarter. A goodwill writedown of $132 million contributed to a net loss of $85 million in the quarter, which ended June 16, Nash Finch said. Excluding the writedown, which was related to aligning market value to declining stock price, quarterly net earnings decreased 25.6% to $9 ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.