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Spartan rings up higher sales in fiscal 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 fiscal 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.

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