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NASH FINCH REPORTS RECORD FIRST-QUARTER REVENUES

 MINNEAPOLIS, April 22 /PRNewswire/ -- Nash Finch Company (NASDAQ: NAFC) today reported record revenues and higher net earnings for the first quarter, ended March 27, 1993.
 Total sales and revenues for the 12-week period rose to $601.1 million, an increase of 13.0 percent over revenues of $531.9 million in the same quarter a year ago.
 Net earnings for the quarter increased 8.3 percent to $2.5 million, or $.23 per share, compared with $2.3 million, or $.21 per share earned in the first quarter last year.
 Nash Finch Chairman Harold Finch said, "The improvements in sales and earnings were primarily due to the contributions of the East Coast military wholesale operations that we acquired in 1992. Tidewater Wholesale Grocery, acquired in January 1992, contributed an additional four weeks of results this year, and this period was the first quarter of operations under Company ownership for the B. Green Military Division, acquired at year-end 1992."
 Finch added that the first quarter typically has the lowest earnings for the year. Further improvements in first-quarter sales and earnings were hindered by a combination of food price deflation and increased competitive pressures in certain retail market areas.
 Nash Finch 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 29 states. The Company also owns and operates approximately 90 supermarkets, warehouse stores and mass merchandise stores in 13 states and produce marketing subsidiaries in California.
 NASH FINCH COMPANY AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 (In thousands, except earnings per share)
 (Unaudited)
 12 Weeks Ended
 March 27, March 21,
 1993 1992
 Total sales and revenues $601,066 531,883
 Earnings before income taxes 4,021 3,698
 Income taxes 1,568 1,433
 Net earnings $2,453 2,265
 Net earnings per share $.23 .21
 Average number of shares outstanding 10,872 10,871
 -0- 4/22/93
 /CONTACT: Norman R. Soland of Nash Finch, 612-844-1153/
 (NAFC)


CO: Nash Finch ST: MIN IN: FOD SU: ERN

KH -- MN027 -- 9725 04/22/93 16:44 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
Words:355
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