SpartanNash Company (SPTN) announced a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $2.08 million, or $0.06 per share. This compares with $12.97 million, or $0.37 per share, last year.
Excluding items, SpartanNash Company reported adjusted earnings of $11.96 million or $0.35 per share for the period.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.7% to $2.909 billion from $2.806 billion last year.
SpartanNash Company earnings at a glance (GAAP) :
-Earnings: $2.08 Mln. vs. $12.97 Mln. last year.
-EPS: $0.06 vs. $0.37 last year.
-Revenue: $2.909 Bln vs. $2.806 Bln last year.
-Guidance:
Full year EPS guidance: $1.60 - $1.85
Full year revenue guidance: $9,800 - $10,000 Mln
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