EX-99.1 5 sptnstex991_020509.htm SPARTAN STORES EXHIBIT 99.1 TO FORM 10-Q Spartan Stores Exhibit 99.1 to Form 10-Q - 02/05/09

EXHIBIT 99.1

SPARTAN STORES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
(In thousands)
(Unaudited)

 

 

52 Weeks
Ended

 

 

 

January 3,
2009

 

 

 

 

 

 

 

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
   discontinued operations

 


60,396

 

 

Income taxes

 

24,315

 

 

 

 

 

 

 

Earnings from continuing operations

 

36,081

 

 

 

 

 

 

 

Earnings from discontinued operations, net of taxes

 

1,907

 

 

Net earnings

$

37,988