Spartan Stores Reports Fiscal 2006 Third-Quarter Financial Results; Distribution Segment Sales Increase More Than 8 Percent; Year-to-Date Long-Term Borrowings Decline by 19 Percent.
Business Wire (February 01, 2006)
Permanent Link:
http://vlex.com/vid/spartan-segment-borrowings-decline-54942283
Id. vLex: VLEX-54942283
Acceda a este documento
y pruebe vLex GRATIS durante 3 días
Spartan Stores Reports Fiscal 2006 Third-Quarter Financial Results; Distribution Segment Sales Increase More Than 8 Percent; Year-to-Date Long-Term Borrowings Decline by 19 Percent.
GRAND RAPIDS, Mich. -- Spartan Stores, Inc., (Nasdaq:SPTN) today reported financial results for its 16-week fiscal 2006 third quarter ended December 31, 2005.
Consolidated net sales for the 16-week third quarter increased 2.8 percent to $642.3 million from $624.5 million in last year's third quarter. The sales increase was due primarily to higher sales in the company's distribution segment as a result of strong holiday sales and new business. Third-quarter earnings from continuing operations were $4.8 million, or $0.22 per diluted share, compared with $5.8 million, or $0.28 per diluted share in the same period last year. This year's third quarter included net unusual after-tax benefits of approximately $0.5 million compared with net unusual after-tax benefits of $2.4 million in last year's third quarter. "We are very pleased with our third-quarter results," stated Craig C. Sturken, Spar...Try vLex for FREE for 3 days
Access legal information from United States including:
- Constitutions
- Forms and Contracts
- Legal Books and Journals
- Case Law
- News and Business
- Regulations
- U.S. Code
Try vLex without any commitment for 3 days and see why you need it.
3
days of Free Access
If you are already a vLex customer, Access Here
