EXHIBIT 99.1
SPARTAN STORES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
(In thousands)
(Unaudited)
|
| 52 Weeks |
| |
|
| January 3, |
| |
|
|
|
|
|
| Net sales | $ | 2,566,215 |
|
| Cost of sales |
| 2,046,283 |
|
| Gross margin |
| 519,932 |
|
|
|
|
|
|
| Operating expenses |
| 449,263 |
|
|
|
|
|
|
| Operating earnings |
| 70,669 |
|
|
|
|
|
|
| Other income and expenses |
| 10,273 |
|
|
|
|
|
|
| Earnings before income taxes and |
|
|
|
| Income taxes |
| 24,315 |
|
|
|
|
|
|
| Earnings from continuing operations |
| 36,081 |
|
|
|
|
|
|
| Earnings from discontinued operations, net of taxes |
| 1,907 |
|
| Net earnings | $ | 37,988 |
|
