SpartanNash Co (SPTN) Releases Earnings Results, Beats Expectations By $0.01 EPS

SpartanNash Co (SPTN) reported quarterly earnings results on Wednesday, Aug-17-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.57. The company posted revenue of $1827.56 million in the period, compared to analysts expectations of $1798.75 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

SpartanNash Co closed down -0.29 points or -0.94% at $30.7 with 2,02,324 shares getting traded on Monday. Post opening the session at $31.03, the shares hit an intraday low of $30.55 and an intraday high of $31.465 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 2, 2016, David Des Couch (VP Chief Info. Officer) sold 14,092 shares at $32.50 per share price. According to the SEC, on Jun 14, 2016, Lawrence R Pierce (EVP Merch. and Marketing) sold 1,213 shares at $28.87 per share price. On Jun 13, 2016, Theodore Adornato (Exec. V. P. Retail Operations) sold 2,306 shares at $29.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Spartannash Company formerly Spartan Stores Inc. is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 42 states and the District of Columbia Europe Cuba Puerto Rico Bahrain Egypt Honduras Afghanistan and Bosnia. The Company operates through three segments: Military which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution which uses a multi-platform sales approach to distribute groceries to independent and corporate owned grocery retailers and Retail which operates retail supermarkets.

SpartanNash Co

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