SpartanNash Announces Third Quarter 2019 Financial Results
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SpartanNash (SPTN) Misses Q3 EPS by 8c, Revenues Beat
November 6, 2019 4:23 PM ESTSpartanNash (NASDAQ: SPTN) reported Q3 EPS of $0.30, $0.08 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.99 billion.
Third Quarter Fiscal 2019 Highlights
Net sales growth of 6.0%, to $2.00 billion from $1.89 billion in the prior year quarterRetail comparable store sales increased 0.1%EPS of $(0.01) per share; Adjusted EPS of $0.30, including $0.08 in CEO transition and supplemental incentive program costs (Transition Costs), which were specifically excluded from August 14, 2019 guidanceThe Company reaffirms full year guidance; quantifies previously excluded... More