SpartanNash (SPTN) Tops Q2 EPS by 2c, Maintains FY EPS Guidance

SpartanNash (NASDAQ: SPTN) reported Q2 EPS of $0.53, $0.02 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.82 billion.

Outlook

Mr. Eidson continued, "As we begin the second half of 2015, we are pleased with our solid execution and the progress we have made operationally and strategically. Although the retail environment in our markets remains challenging, we continue to work on improving our offerings in the Western Division and recently completed six remodels and re-banners to Family Fare in the Nebraska market. In conjunction with the re-banners, we launched our new Things Are Good HereTM advertising campaign, which is focused on our differentiated shopping experience and our commitment to convenience, quality and overall value. We are in the process of rolling out our yes Rewards loyalty program to our western markets and are highly encouraged by the initial acceptance rates and preliminary success of this venture. In addition, we remain optimistic about our prospects in our Food Distribution segment and continue to expect further benefits from the merger integration and improved operational efficiencies, including the optimization of our supply chain. Additionally, we will continue to proactively pursue financially and strategically attractive acquisition opportunities.”

For the third quarter and remainder of fiscal 2015, the Company anticipates that net earnings from continuing operations per diluted share will slightly exceed last year's adjusted comparable third and fourth quarter results of $0.46 and $0.44 per diluted share, respectively, excluding merger integration costs and any other one-time expenses.

Based on the first half results and outlook for the remainder of the year, the Company is maintaining its previously issued fiscal 2015 guidance of adjusted earnings per share from continuing operations of approximately $1.89 to $1.98, excluding merger integration costs and other one-time expenses and gains. For purposes of comparison, the Company's similarly adjusted earnings per share were $1.80 in fiscal 2014 when adjusted to a 52-week basis. This guidance is based on expectations of the continuation of low inflation levels and the challenging sales environment.

The Company expects capital expenditures for fiscal year 2015 to be in the range of $70.0 million to $75.0 million, with depreciation and amortization of approximately $83.0 million to $85.0 million and total interest expense of approximately $21.0 to $23.0 million.

For earnings history and earnings-related data on SpartanNash (SPTN) click here.

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