Nash Finch Q1 Net Doubles; Sales Drop 1 Percent
Nash Finch Co.’s first quarter profits more than doubled, helped by a reduction in bad debt reserves and lower expenses. For the period ended March 22, the food distributor reported income of $11.3 million, or 85 cents per share, vs. $5.3 million, or 39 cents per share, in the year-ago period.