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• Spartan Stores reports that its first quarter profits were up 52 percent to $9.9 million, from $6.5 million during the same period a year ago. Total Q1 sales rose almost 13 percent to $586.7 million from $520.2 million a year ago.

The company said that Q1 net sales for its distribution business increased 5.6 percent to $298.1 million from $282.4 million a year ago, while sales for its retail operations increased 21.4 percent to $288.6 million, from $237.8 million from last year.

• Starbucks announced yesterday that it had a third quarter loss of $6.7 million, compared to a profit of $158.3 million during the same period a year ago. The company said that its Q3 sales were up nine percent to $2.57 billion, up from $2.36 billion a year ago.

The beleaguered coffee retailer said that its US same-store sales were in the mid single-digits for the quarter.

Note: it was the first loss Starbucks has had since it became a public company.
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