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NASH FINCH REPORTS RECORD RESULTS FOR 1992 AND THE FOURTH QUARTER

 MINNEAPOLIS, Feb. 16 /PRNewswire/ -- Nash Finch Company (NASDAQ: NAFC) today reported record revenues and net earnings for the 1992 fiscal year and fourth quarter ended Jan. 2, 1993.
 Total sales and revenues for the 53-week year were $2.521 billion, up 7.6 percent from revenues of $2.343 billion for the 52-week year ended Dec. 28, 1991. Net earnings for 1992 increased 5.3 percent to a record $20.1 million, or $1.85 per share, compared with $19.1 million, or $1.75 per share, for 1991.
 Sales and revenues for the 13-week fourth quarter totaled $636.5 million, up 16.4 percent from $546.7 million for the prior year's 12-week quarter. Net earnings rose 19.5 percent to $6.8 million, or $.62 per share, compared with $5.7 million, or $.52 per share, last year.
 Nash Finch Chairman Harold Finch said, "We are pleased that the company was able to achieve record results for the year despite the economic conditions which have hindered growth. Our sales and earnings improvements were due largely to: the contributions made by the company's Tidewater Wholesale Grocery division, acquired in January 1992; closely controlled expenses, including employee health care and workers' compensation costs; and an extra week of operations."
 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
 (Subject to audit adjustments)
 (In thousands, except earnings per share)
 Quarter Ended Fiscal Year Ended
 01/02/93 12/28/91 01/02/93 12/28/91
 (13 wks) (12 wks) (53 wks) (52 wks)
 Total sales and revenues $636,475 $546,736 $2,520,650 $2,343,278
 Earnings before income
 taxes 10,919 8,956 32,598 30,793
 Income taxes 4,129 3,276 12,530 11,378
 Net earnings $6,790 $5,680 $20,068 $19,055
 Net earnings per share $.62 $.52 $1.85 $1.75
 Average number of shares
 outstanding 10,872 10,871 10,872 10,871
 -0- 2/16/93
 /CONTACT: Norman R. Soland of Nash Finch, 612-832-0534/
 (NAFC)


CO: Nash Finch Company ST: Minnesota IN: FOD SU: ERN

KH -- MN021 -- 6965 02/16/93 16:52 EST
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Publication:PR Newswire
Date:Feb 16, 1993
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