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NASH FINCH REPORTS INCREASED EARNINGS FOR 1991 AND THE FOURTH QUARTER

 NASH FINCH REPORTS INCREASED EARNINGS FOR 1991
 AND THE FOURTH QUARTER
 MINNEAPOLIS, Feb. 6 /PRNewswire/ -- Nash Finch Company (NASDAQ: NAFC) today reported record net earnings for the 1991 fiscal year and increased net earnings for the fourth quarter ended Dec. 28, 1991.
 Net earnings for the 52-week year increased 6.9 percent to a record $19.1 million, or $1.75 per share, compared with $17.8 million, or $1.64 per share, the previous year. Total sales and revenues were $2.343 billion, down 1.3 percent from the record revenues of $2.375 billion for the year ended Dec. 29, 1990.
 In the 12-week fourth quarter, net earnings rose 24.5 percent to $5.7 million, or $.52 per share, compared with $4.6 million, or $.42 per share, in the year-earlier period. Sales and revenues for the 1991 fourth quarter totaled $546.7 million, a new record but up only slightly from last year.
 Nash Finch Chairman Harold Finch said the company was pleased with the earnings improvements recorded despite the lack of sales growth which continued to be affected by the weak economy and deflation in food prices.
 Nash is one of the largest food wholesalers in the country, supplying products to over 700 affiliated and independent supermarkets and some 5,000 other independent retailers and military bases in 28 states. The company also owns and operates supermarkets, warehouse stores and mass merchandise stores in 12 states and produce marketing subsidiaries in California.
 NASH FINCH COMPANY
 CONDENSED STATEMENT OF EARNINGS
 (Unaudited)
 Twelve Weeks Ended Fifty-two Weeks Ended
 12/28/91 12/28/90 12/28/91 12/28/90
 Total sales and
 revenues $546,735,754 $546,720,703 $2,343,277,618 $2,374,853,258
 Earnings before
 income taxes 8,956,354 7,209,988 30,793,124 28,959,664
 Income taxes 3,276,262 2,646,761 11,738,010 11,129,251
 Net earnings $5,680,092 $4,563,227 $19,055,114 $17,830,413
 Net earnings
 per share $.52 $.42 $1.75 $1.64
 Average number
 of shares
 outstanding 10,871,255 10,870,664 10,871,053 10,870,328
 -0- 02/06/92
 /CONTACT: Norman R. Soland for Nash Finch, 612-929-0371/
 (NAFC) CO: Nash Finch Company ST: Minnesota IN: REA SU: ERN


KH -- MN012 -- 7908 02/06/92 16:41 EST
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Publication:PR Newswire
Date:Feb 6, 1992
Words:394
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