Spartan rings up higher sales in fiscal 1Q

Sept. 1, 2003
Grand Rapids MI-based Spartan Stores Inc, the nation's ninth-largest grocery distributor, has reported financial results for its fiscal 2004 first quarter

Grand Rapids MI-based Spartan Stores Inc, the nation's ninth-largest grocery distributor, has reported financial results for its fiscal 2004 first quarter ending June 21, 2003.

First-quarter consolidated net sales rose 2.3% to $502.0 million from 2002's first-quarter sales of $490.8 million and 5.6% from fiscal 2003's fourth-quarter sales of $475.6 million.

Spartan reported a first-quarter operating loss of $348,000, compared with operating earnings of $8.0 million in the first quarter of 2002.

“We are pleased with our first-quarter sales results and believe the recent fundamental changes to our grocery distribution and retail operations are working,” said Craig C Sturken, Spartan's president and chief executive officer.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!