Fleming Cos. Rose 13% Last Week

Author:: TSC Staff
Publish date:: May 10, 2002 5:24 PM EDT

Fleming Cos.

rose 13% last week after the food distribution company said its first-quarter earnings rose to $24.6 million, or 52 cents a share, from $15.5 million, or 37 cents a share, a year earlier. Excluding its exposure to bankrupt retailer

Kmart

(KM)

, Fleming earned 57 cents a share, topping analysts' forecasts by 5 cents. The company also said it would incur a $25 million charge in the second quarter related to expected acquisitions.