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News Breaks
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January 15, 2010
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| 05:42 EDT |  | NAFC |
| theflyonthewall.com: | Nash Finch to take goodwill charge, Q4 sales trends soft | | Nash Finch Co. announced that the Company will take a non-cash goodwill impairment charge in fiscal year 2009 relating to its retail segment. There is approximately $69.9M of retail goodwill on the Company’s balance sheet, and subject to the completion of appraisals that are underway, the Company expects that a significant portion of its retail goodwill will likely be written off. Alec Covington, President and CEO commented: "Similar to the trends seen in the rest of the food wholesaling and retail industry during this challenging economic period, the Company’s comparable Q4 sales were soft, after excluding the sales attributable to the GSC acquisition and the 53rd week in the Company’s Q4 of 2008. The Company expects Q4 Consolidated EBITDA will be below Q4 of the prior year, after excluding the results of the 53rd week in Q4 of 2008. The Company will report Q4 and FY09 earnings on March 4, 2010. :theflyonthewall.com |
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February 9, 2012
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| 10:32 EDT |  | NAFC |
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February 8, 2012
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| 16:25 EDT | | NAFC |
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