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SpartanNash Co reports results for the quarter ended in June - Earnings Summary
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SpartanNash Co reports results for the quarter ended in June - Earnings Summary
  • SpartanNash Co SPTN.OQ reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of four analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 41 cents to 66 cents per share.

  • Revenue fell 3.5% to $2.23 billion from a year ago; analysts expected $2.27 billion.

  • SpartanNash Co's reported EPS for the quarter was 34 cents​.

  • The company reported quarterly income of $11.49 million.

  • SpartanNash Co shares had risen by 4.2% this quarter and lost 14.8% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 5.9% in the last three months.​

  • In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and "sell" or "strong sell."

  • The average consensus recommendation for the food retail & distribution peer group is also "hold"

Wall Street's median 12-month price target for SpartanNash Co is $22.00

This summary was machine generated from LSEG data August 16 at 12:49 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Jun. 30 2024

0.57

0.59

Beat

Mar. 31 2024

0.51

0.53

Beat

Dec. 31 2023

0.38

0.35

Missed

Sep. 30 2023

0.59

0.54

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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