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Nash Finch Nets 2Q Profit, Advances '05 Outlook
MINNEAPOLIS -- Raising its earnings outlook for the full year, Nash Finch moved the needle forward with second-quarter net profits of $9.7 million, or 75 cents a share, reversing a year-ago loss stemming from the closings of 18 stores as recent acquisitions bolstered sales 19.8 percent to $1.085 billion. For the second quarter of 2004, the company had reported a net loss of $15.6 million, or $1.26 per diluted share.