Exhibit 99.1

NASH FINCH REPORTS THIRD QUARTER 2006 RESULTS

     MINNEAPOLIS (November 14, 2006) — Nash Finch Company (NASDAQ: NAFC), a leading national food distributor, today announced a net loss for the third quarter ended October 7, 2006 of $4.6 million, or $0.34 per diluted share, as compared to net earnings of $11.0 million, or $0.83 per diluted share, for the third quarter of 2005. Total sales for the third quarter of 2006 were $1.427 billion as compared to $1.465 billion in the prior-year quarter. The sales decline is attributable to the closing of underperforming retail stores and higher levels of customer attrition in the food distribution segment, partially offset by stronger sales in the military segment.

     For the first forty weeks of 2006, the Company’s net earnings were $3.4 million or $0.25 per diluted share, as compared to net earnings of $27.8 million, or $2.12 per diluted share in the first forty weeks of 2005. Total sales for the first forty weeks of 2006 were $3.532 billion compared to $3.432 billion in the prior-year period. The increase in sales primarily reflects the Company’s acquisition of wholesale food distribution divisions located in Lima, Ohio and Westville, Indiana effective March 31, 2005 and stronger sales in our military segment, partially offset by a decline in the retail segment sales due to the closing of underperforming stores.

     The following table identifies significant items affecting our financial performance during the third quarter and year-to-date 2006 results (pre-tax):

	3rd Quarter		Year-to-date
(dollars in millions)	2006		2006
Non-recurring charges
Change in estimate of 2004 special charge for store dispositions based on updated assumptions and current market conditions	$	6.3	$	6.3
Cumulative effect of adoption of SFAS No. 123(R)		—		(0.3	)
Total non-recurring charges	$	6.3	$	6.0
Other significant charges
Increased reserves for a customer’s leases and receivables experiencing deteriorating financial condition of their operation		5.0		5.0
Bankruptcy of a long-time customer previously disclosed in the second quarter		—		5.5
Severance costs due to senior management changes previously disclosed		4.2		4.2
Impairment of trade name deemed to be of no future value		2.0		2.0
Total other significant charges	$	11.2	$	16.7

Food Distribution Results

	3rd			3rd
	Quarter			Quarter						Year-to-date			Year-to-date
(dollars in millions)	2006			2005			Change			2006			2005			Change
Sales	$	861.2		$	886.3			(2.8	%)	$	2,121.2		$	1,984.4			6.9	%
Segment Profit	$	22.7		$	27.1			(16.3	%)	$	58.1		$	65.8			(11.6	%)
Percentage of Sales		2.6	%		3.1	%					2.7	%		3.3	%

     The year-to-date sales increase reflects the positive impact of the acquisition of the Lima and Westville divisions mentioned above. However, apart from the impact of the acquisition, food distribution sales declined in both the quarterly and year-to-date comparisons due to slower growth in new accounts and customer attrition. In addition, sales to our existing customer base have declined relative to 2005.

     The decrease in segment profit for the third quarter and year-to-date periods reflect a decline in food distribution margin due to a greater concentration of lower margin customers, less effective gross margin management and lower levels of productivity throughout our distribution network.

Military Distribution Results

	3rd			3rd
	Quarter			Quarter						Year-to-date			Year-to-date
(dollars in millions)	2006			2005			Change			2006			2005			Change
Sales	$	365.0		$	353.5			3.2	%	$	906.5		$	884.8			2.5	%
Segment Profit	$	11.3		$	11.6			(3.1	%)	$	31.0		$	30.0			3.3	%
Percentage of Sales		3.1	%		3.3	%					3.4	%		3.4	%

     The sales increases in both the quarter and the year-to-date comparisons reflect increased product line offerings that have resulted in new sales volumes domestically.

     Military segment profits in the third quarter and year-to-date reflect increased insurance reserve requirements and the larger concentration of sales to domestic locations, where the costs of distribution are higher.

Retail Results

	3rd			3rd
	Quarter			Quarter						Year-to-date			Year-to-date
(dollars in millions)	2006			2005			Change			2006			2005			Change
Sales	$	200.8		$	225.0			(10.7	%)	$	504.8		$	563.1			(10.3	%)
Segment Profit	$	5.6		$	6.4			(12.4	%)	$	16.5		$	18.3			( 9.9	%)
Percentage of Sales		2.8	%		2.9	%					3.3	%		3.3	%

     The sales decreases in the third quarter and year-to-date comparisons reflect the sale or closure of 13 stores since the third quarter 2005, as well as declines in same store sales of 1.8% and 2.1% in the quarterly and year-to-date comparisons, respectively. The third quarter and year-to-date 2006 same store sales and profit margins continue to be impacted by the introduction of supercenter and other alternative format competitors.

Liquidity

     During the first forty weeks of 2006, the Company repaid $24.2 million of revolving debt outstanding under its senior secured credit facility and $5.0 million on its term loan. The Company continues to focus on effectively managing its working capital, reducing indebtedness and improving its cash flow and is currently in compliance with all of its debt covenants. The Company anticipates however, that it may not meet its total leverage ratio covenant at the end of the fourth quarter. The Company is taking proactive steps to gain relief from its lenders by negotiating an amendment to its current credit facility. Preliminary discussions with debt rating agencies and its lenders have begun and the Company is optimistic that its requested amendment will be granted.

Restructuring

     In conjunction with the new strategic plan being announced today, the Company intends to rationalize its retail and food distribution businesses. It is expected that the Company will incur restructuring and impairment related charges in the range of $18.0 to $24.0 million. These charges are expected to occur during the next three fiscal quarters. Approximately $15.0 million of these charges are non-cash charges reflecting the impairment of certain assets.

Additional Information

     The Company has begun its goodwill impairment test. The impairment test indicates that the estimated fair value of the retail reporting segment is less than its carrying value. The Company is now performing a valuation in order to measure any potential impairment to be recorded in the fourth quarter of fiscal 2006.

     A conference call to review third quarter results and the new strategic plan is scheduled for 8 a.m. (CT) on November 14, 2006. Interested participants can listen to the conference call over the Internet by logging onto the “Investor Relations” portion of Nash Finch’s website at http://www.nashfinch.com. A replay of the webcast will be available and the transcript of the call will be archived on the “Investor Relations” portion of Nash Finch’s website under the

heading “Audio Archives.” A copy of this press release and the other financial and statistical information about the periods to be discussed in the conference call will be available at the time of the call on the “Investor Relations” portion of the Nash Finch website under the caption “Press Releases.”

     Nash Finch Company is a Fortune 500 company and one of the leading food distribution companies in the United States. Nash Finch’s core business, food distribution, serves independent retailers and military commissaries in 31 states, the District of Columbia, Europe, Cuba, Puerto Rico, Iceland, the Azores and Honduras. The Company also owns and operates a base of retail stores, primarily supermarkets under the Econofoods^®, Family Thrift Center^® and Sun Mart^® trade names. Further information is available on the Company’s website at www.nashfinch.com.

     The statements in this release that refer to plans and expectations for fiscal 2006 and other future periods are forward-looking statements based on current expectations and assumptions, and entail risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Important factors that could cause actual results to differ materially from published plans and expectations include the following:

• the success or failure of strategic plans, new business ventures and initiatives;

• the effect of competition on our distribution, military and retail businesses;

• our ability to identify and execute plans to improve the competitive position of our retail operations;

• risks entailed by acquisitions, including our ability to successfully integrate acquired operations and retain the customers of those operations;

• credit risk from financial accommodations extended to customers;

• general sensitivity to economic conditions, including volatility in energy prices;

• future changes in market interest rates;

• our ability to identify and execute plans to expand our food distribution operations;

• changes in the nature of vendor promotional programs and the allocation of funds among the programs;

• limitations on financial and operating flexibility due to debt levels and debt instrument covenants;

• our ability to obtain necessary amendments to our credit facilities to ensure we remain in compliance with debt covenants;

• possible changes in the military commissary system, including those stemming from the redeployment of forces;

• adverse determinations or developments with respect to the litigation or SEC inquiry discussed in Part I, Item 3 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2005;

• changes in consumer spending, buying patterns or food safety concerns; and

• unanticipated problems with product procurement.

     A more detailed discussion of these factors, as well as other factors that could affect the Company’s results, is contained in the Company’s periodic reports filed with the SEC. The Company does not undertake to update forward-looking statements to reflect future events or circumstances, but investors are advised to consult future disclosures involving these topics in its periodic reports filed with the SEC.

NASH FINCH COMPANY AND SUBSIDIARIES
Consolidated Statements of Income (unaudited)
(In thousands, except per share amounts)

	Sixteen						Forty
	Weeks Ended						Weeks Ended
	October 7,			October 8,			October 7,			October 8,
	2006			2005			2006			2005
Sales	$	1,426,967			1,464,781		$	3,532,490			3,432,271
Cost and expenses:
Cost of sales		1,307,171			1,332,836			3,223,760			3,105,580
Selling, general and administrative		99,214			92,125			243,787			231,553
Losses (gains) on sale of real estate		25			(556	)		(1,167	)		(1,097	)
Special charge		6,253			—			6,253			(1,296	)
Depreciation and amortization		12,685			14,357			32,004			33,345
Interest expense		7,906			7,919			20,093			18,684
Total costs and expenses		1,433,254			1,446,681			3,524,730			3,386,769
Earnings before income taxes and cumulative effect of a change in accounting principle		(6,287	)		18,100			7,760			45,502
Income tax expense (benefit)		(1,670	)		7,059			4,560			17,746
Net earnings (loss) before cumulative effect of a change in accounting principle		(4,617	)		11,041			3,200			27,756
Cumulative effect of a change in accounting principle, net of income tax expense of $119		—			—			169			—
Net earnings (loss)	$	(4,617	)		11,041		$	3,369			27,756
Net earnings (loss) per share:
Basic:
Net earnings (loss) before cumulative effect of a change in accounting principle	$	(0.34	)		0.85		$	0.24			2.16
Cumulative effect of a change in accounting principle, net of income tax expense		—			—			0.01			—
Net earnings (loss) per share	$	(0.34	)		0.85		$	0.25			2.16
Diluted:
Net earnings (loss) before cumulative effect of a change in accounting principle	$	(0.34	)		0.83		$	0.24			2.12
Cumulative effect of a change in accounting principle, net of income tax expense		—			—			0.01			—
Net earnings (loss) per share	$	(0.34	)		0.83		$	0.25			2.12
Cash dividends per common share	$	0.180			0.180		$	0.540			0.495
Weighted average number of common shares outstanding and common equivalent shares outstanding:
Basic		13,384			13,004			13,368			12,836
Diluted		13,384			13,233			13,382			13,117

NASH FINCH COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands, except per share amounts)

	October 7,			December 31,
	2006			2005
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	930			1,257
Accounts and notes receivable, net		196,013			195,367
Inventories		287,606			289,123
Prepaid expenses		11,920			16,984
Deferred tax assets		13,895			9,476
Total current assets		510,364			512,207
Notes receivable, net		14,160			16,299
Property, plant and equipment:
Land		17,050			18,107
Buildings and improvements		193,513			193,181
Furniture, fixtures and equipment		310,297			311,778
Leasehold improvements		63,456			65,451
Construction in progress		2,835			1,876
Assets under capitalized leases		34,655			40,171
		621,806			630,564
Less accumulated depreciation and amortization		(398,500	)		(387,857	)
Net property, plant and equipment		223,306			242,707
Goodwill		242,092			244,471
Customer contracts and relationships, net		33,053			35,619
Investment in direct financing leases		6,282			9,920
Deferred tax asset, net		—			1,667
Other assets		10,971			14,534
Total assets	$	1,040,228			1,077,424
Liabilities and Stockholders’ Equity
Current liabilities:
Outstanding checks	$	8,706			10,787
Current maturities of long-term debt and capitalized lease obligations		4,716			5,022
Accounts payable		233,238			217,368
Accrued expenses		71,713			83,539
Income taxes payable		2,429			9,143
Total current liabilities		320,802			325,859
Long-term debt		340,674			370,248
Capitalized lease obligations		34,582			37,411
Deferred tax liability, net		703			—
Other liabilities		21,823			21,328
Commitments and contingencies		—			—
Stockholders’ equity:
Preferred stock — no par value. Authorized 500 shares; none issued		—			—
Common stock of $1.66 2/3 par value. Authorized 50,000 shares, issued 13,404 and 13,317 shares, respectively		22,340			22,195
Additional paid-in capital		53,099			49,430
Restricted stock		—			(78	)
Common stock held in trust		(2,027	)		(1,882	)
Deferred compensation obligations		2,027			1,882
Accumulated other comprehensive income (loss)		(5,541	)		(4,912	)
Retained earnings		252,244			256,149
Treasury stock at cost, 21 and 11 shares, respectively		(498	)		(206	)
Total stockholders’ equity		321,644			322,578
Total liabilities and stockholders’ equity	$	1,040,228			1,077,424

NASH FINCH COMPANY AND SUBSIDIARIES
Consolidated Statements of Cash Flows (unaudited)
(In thousands)

	Forty
	Weeks Ended
	October 7,			October 8,
	2006			2005
Operating activities:
Net earnings	$	3,369			27,756
Adjustments to reconcile net income to net cash provided by operating activities:
Special charge		6,253			(1,296	)
Depreciation and amortization		32,004			33,345
Amortization of deferred financing costs		634			865
Amortization of rebatable loans		3,503			2,257
Provision for bad debts		4,274			1,149
Provision for lease reserves		4,542			(754	)
Deferred income tax expense		(2,049	)		(881	)
Gain on sale of property, plant and equipment		(1,225	)		(1,865	)
LIFO charge		2,513			1,176
Asset impairments		7,316			4,319
Share-based compensation		1,197			1,692
Deferred compensation		(696	)		213
Other		(1,236	)		1,829
Changes in operating assets and liabilities
Accounts receivable		(2,375	)		(10,035	)
Inventories		(996	)		(40,288	)
Prepaid expenses		5,064			(328	)
Accounts payable		16,424			28,525
Accrued expenses		(12,453	)		3,963
Income taxes payable		(6,714	)		(3,218	)
Other assets and liabilities		(3,041	)		(1,629	)
Net cash provided by operating activities		56,308			46,795
Investing activities:
Disposal of property, plant and equipment		5,284			11,033
Additions to property, plant and equipment		(18,434	)		(15,930	)
Business acquired, net of cash		—			(226,351	)
Loans to customers		(5,767	)		(1,570	)
Payments from customers on loans		1,867			3,760
Purchase of marketable securities		(233	)		(2,064	)
Sale of marketable securities		921			2,827
Corporate owned life insurance, net		(246	)		(1,498	)
Other		(180	)		148
Net cash used in investing activities		(16,788	)		(229,645	)
Financing activities:
Proceeds (payments) of revolving debt		(24,200	)		38,200
Dividends paid		(7,202	)		(6,387	)
Proceeds from exercise of stock options		647			9,521
Proceeds from employee stock purchase plan		502			567
Proceeds from long-term debt		—			150,087
Payments of long-term debt		(5,823	)		(7,176	)
Payments of capitalized lease obligations		(2,241	)		(2,031	)
Increase (decrease) in outstanding checks		(2,081	)		1,046
Payments of deferred financing costs		—			(4,942	)
Other		551			—
Net cash (used) provided by financing activities		(39,847	)		178,885
Net decrease in cash and cash equivalents		(327	)		(3,965	)
Cash and cash equivalents:
Beginning of period		1,257			5,029
End of period	$	930			1,064

NASH FINCH COMPANY AND SUBSIDIARIES
Supplemental Data (Unaudited)

	Sixteen			Sixteen			Forty				Forty
	Weeks Ended			Weeks Ended			Weeks Ended				Weeks Ended
	October 7,			October 8,			October 7,				October 8,
	2006			2005			2006			2005
Other Data (In thousands)
Total debt	$	379,972		$	424,124		$	379,972			$	424,124
Stockholders’ equity	$	321,644			310,311		$	321,644				310,311
Capitalization	$	701,616			734,435		$	701,616				734,435
Debt to total capitalization		54	%		58	%		54	%			58	%
Working capital ratio (a)		2.62			2.25			2.62				2.25
Non-GAAP Data
Consolidated EBITDA (b)	$	27,287			40,827		$	78,130				98,248
Interest coverage ratio — trailing 4 qtrs. (consolidated EBITDA to interest expense) (c)		4.35			5.74			4.35				5.74
Leverage ratio — trailing 4 qtrs. (debt to consolidated EBITDA) (d)		3.43			2.81			3.43				2.81
Senior secured leverage ratio (senior secured debt to consolidated EBITDA) (e)		1.68			1.48			1.68				1.48
Comparable GAAP Data
Earnings before income taxes to interest expense (c)		1.14			2.54			1.14				2.54
Debt to earnings before income taxes (d)		13.05			6.51			13.05				6.51
Senior secured debt to earnings before income taxes (e)		6.40			3.43			6.40				3.43
Debt Covenants	Required Ratio			Actual Ratio
Working capital ratio	1.75 (minimum)				2.62
Interest coverage ratio	3.50 (minimum)				4.35
Senior secured leverage ratio	2.75 (maximum)				1.68
Leverage ratio	3.50 (maximum)				3.43

(a)	Working capital ratio is defined as net trade accounts receivable plus inventory divided by the sum of loans and letters of credit outstanding under our senior secured credit agreement plus certain additional secured debt.
(b)	Consolidated EBITDA, as defined in our credit agreement, is earnings before interest, income tax, depreciation and amortization, adjusted to exclude extraordinary gains or losses, gains or losses from sales of assets other than inventory in the ordinary course of business, and non-cash charges (such as LIFO, asset impairments and closed store lease costs), less cash payments made during the current period on non-cash charges recorded in prior periods. Consolidated EBITDA should not be considered an alternative measure of our net income, operating performance, cash flows or liquidity. The amount of consolidated EBITDA is provided as additional information relevant to compliance with our debt covenants.
(c)	Interest coverage ratio is defined as the Company’s Consolidated EBITDA divided by interest expense for the four trailing quarters ending October 7, 2006 and October 8, 2005, respectively. The most comparable GAAP ratio is earnings from continuing operations before income taxes divided by interest expense for the same periods.
(d)	Leverage ratio is defined as the Company’s total debt at October 7, 2006 and October 8, 2005, divided by Consolidated EBITDA for the respective four trailing quarters. The October 8, 2005 ratio included Consolidated EBITDA calculated on a pro-forma basis giving effect to the acquisition from Roundy’s as if it had occurred at the beginning of the trailing four quarter period. The most comparable GAAP ratio is debt at the same date divided by earnings from continuing operations before income taxes for the respective four trailing quarters.
(e)	Senior secured leverage ratio is defined as total senior secured debt at October 7, 2006 and October 8, 2005 divided by Consolidated EBITDA for the respective four trailing quarters. The October 8, 2005 ratio included Consolidated EBITDA calculated on a pro-forma basis giving effect to the acquisition from Roundy’s as if it had occurred at the beginning of the trailing four quarter period. The most comparable GAAP ratio is total senior secured debt at the same date divided by earnings from continuing operations before income taxes for the respective four trailing quarters.

Derivation of Consolidated EBITDA; Segment Consolidated EBITDA; and Segment Profit (in thousands)

FY 2006
		2005			2006			2006			2006		Rolling
	Qtr 4			Qtr 1			Qtr 2			Qtr 3			4 Qtr
Earnings from continuing operations before income taxes	$	21,364			6,314			7,733			(6,287	)		29,124
Add/(deduct)
Interest expense		6,048			6,067			6,120			7,906			26,141
Interest expense		6,048			6,067			6,120			7,906			26,141
Depreciation and amortization		10,376			9,702			9,617			12,685			42,380
LIFO		(452	)		462			461			1,590			2,061
Closed store lease costs		(191	)		902			1,327			4,455			6,493
Asset impairments		851			1,547			3,247			2,522			8,167
Gains on sale of real estate		(2,600	)		33			(1,225	)		25			(3,767	)
Subsequent cash payments on non-cash charges		(2,690	)		(808	)		(656	)		(1,862	)		(6,016	)
Special charges		—			—			—			6,253			6,253
Total Consolidated EBITDA	$	32,706			24,219			26,624			27,287			110,836
		2005			2006			2006			2006		Rolling
	Qtr 4			Qtr 1			Qtr 2			Qtr 3			4 Qtr
Segment Consolidated EBITDA after reclass of marketing revenues and bad debt expense (a)
Food Distribution	$	22,962			20,352			20,089			26,030			89,433
Military		9,669			9,173			10,295			11,850			40,987
Retail		10,969			6,743			8,965			8,633			35,310
Unallocated Corporate Overhead		(10,894	)		(12,049	)		(12,725	)		(19,226	)		(54,894	)
	$	32,706			24,219			26,624			27,287			110,836
		2005			2006			2006			2006		Rolling
	Qtr 4			Qtr 1			Qtr 2			Qtr 3			4 Qtr
Segment profit after reclass of marketing revenues and bad debt expense (a)
Food Distribution	$	20,576			17,841			17,584			22,689			78,690
Military		9,259			8,747			11,011			11,283			40,300
Retail		8,284			4,272			6,600			5,645			24,801
Unallocated Corporate Overhead		(16,755	)		(24,546	)		(27,462	)		(45,904	)		(114,667	)
	$	21,364			6,314			7,733			(6,287	)		29,124

FY 2005
	2004			2005			2005			2005			Rolling
	Qtr 4			Qtr 1			Qtr 2			Qtr 3			4 Qtr
Earnings from continuing operations before income taxes	$	14,461			11,361			16,041			18,100			59,963
Add/(deduct)
Interest expense		5,369			4,187			6,578			7,919			24,053
Depreciation and amortization		8,670			8,374			10,614			14,357			42,015
LIFO		1,307			577			828			(229	)		2,483
Closed store lease costs		3,211			178			—			216			3,605
Asset impairments		853			458			2,089			1,772			5,172
Gains on sale of real estate		(2,173	)		—			(541	)		(556	)		(3,270	)
Subsequent cash payments on non-cash charges		(693	)		(1,375	)		(652	)		(752	)		(3,472	)
Special charges		(1,715	)		—			(1,296	)		—			(3,011	)
Extinguishment of debt		7,204			—			—			—			7,204
Total Consolidated EBITDA	$	36,494			23,760			33,661			40,827			134,742

		2004			2005			2005			2005		Rolling
	Qtr 4			Qtr 1			Qtr 2			Qtr 3			4 Qtr
Segment Consolidated EBITDA after reclass of marketing revenues and bad debt expense (a)
Food Distribution	$	21,549			17,726			25,291			30,379			94,945
Military		9,029			9,315			9,855			12,187			40,386
Retail		13,050			8,387			8,829			10,273			40,539
Unallocated Corporate Overhead		(7,134	)		(11,668	)		(10,314	)		(12,012	)		(41,128	)
	$	36,494			23,760			33,661			40,827			134,742
		2004			2005			2005			2005		Rolling
	Qtr 4			Qtr 1			Qtr 2			Qtr 3			4 Qtr
Segment profit after reclass of marketing revenues and bad debt expense (a)
Food Distribution	$	19,652			15,913			22,734			27,112			85,411
Military		8,638			8,910			9,452			11,644			38,644
Retail		10,265			5,729			6,155			6,444			28,593
Unallocated Corporate Overhead		(24,094	)		(19,191	)		(22,300	)		(27,100	)		(92,685	)
	$	14,461			11,361			16,041			18,100			59,963

(a) Segment information prior to fourth quarter fiscal 2005 reflects a reclassification of marketing revenues and costs from Unallocated Corporate Overhead to the Food Distribution and Retail segments and, for periods prior to fiscal year 2006, a reclassification of bad debt expense from Unallocated Corporate Overhead to Food Distribution

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Contact: LeAnne Stewart, 952-844-1060