Nash Finch Releases Second Quarter 2012 Results


Fri. July 20th, 2012

<p><strong>Minneapolis, MN</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Nash Finch Company has announced the financial and operating results of its second quarter ended June 16, 2012. Nash Finch Company reported a second quarter of 2012 sales of $1.09 billion compared to $1.10 billion in the prior-year quarter. The acquisition of twelve Bag ‘N Save stores during the second quarter of 2012 contributed to a net increase in total Company sales of $13.0 million. Sales for the first twenty-four weeks of 2012 totaled $2.15 billion compared to $2.20 billion in the prior year period. Consolidated EBITDA for the second quarter 2012 is $26.2 million as compared to $33.4 million in the prior year quarter.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">"The investments we made in our food distribution marketing programs, which were designed to help drive sales, appear to be taking hold as is evidenced by the sequential improvement in comparable sales… As we expected, lower food price inflation trends continued to negatively impact our EBITDA results in the second quarter compared to last year,” says Alec Covington, President and CEO of Nash Finch Company.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.nashfinch.com/index.html" target="_new"> Nash Finch Company </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">