SpartanNash (SPTN) reported that its second quarter net income declined to $11.5 million from $19.5 million, last year. Net earnings was $0.34 per share, compared to $0.56 per share. Adjusted EPS from continuing operations was $0.59, compared to $0.65. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items.
Second quarter net sales decreased 3.5% to $2.23 billion, driven by lower volumes in both the Wholesale and Retail segments. Wholesale segment net sales decreased 4.8% to $1.55 billion. Analysts expected revenue of $2.27 billion for the quarter.
For fical 2024, the company projects: adjusted EPS in a range of $1.85 to $2.10, and total net sales in a range of $9.50 billion to $9.70 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.