SpartanNash (SPTN) Misses Q4 EPS by 6c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus

SpartanNash (NASDAQ: SPTN) reported Q4 EPS of $0.32, $0.06 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.93 billion.

“Our team worked diligently in the fourth quarter to position SpartanNash to succeed across our food distribution, military and retail business segments in a dynamic operating environment. We continue to be pleased with the ability to grow our top line, however we were unable to translate this growth to our bottom line results. In December, we began executing on Project One Team, a company-wide initiative to drive growth while increasing efficiency and reducing costs as a way to address this,” said David Staples, President and Chief Executive Officer. “We are excited to see this initiative empowering our associates at all levels to drive sustainable improvements in our business as we take full advantage of the growth opportunities we expect to see over the next one to two years.”

GUIDANCE:

SpartanNash sees FY2019 EPS of $1.70-$1.80, versus the consensus of $1.98.

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

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