SpartanNash (NASDAQ: SPTN) reported Q3 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.81 billion.

Outlook

Mr. Eidson continued, “We are committed to focusing our efforts on the initiatives that will help drive sales and margins in a challenging operating environment. In our Retail segment, we will continue to implement our operational improvement strategy in our western store base, including the rollout of our marketing and loyalty programs in connection with store re-bannering activities. On the distribution side of the business, we expect to continue to benefit from the optimization of our supply chain in our food distribution and military channels. We believe our value added approach to distribution is gaining traction in our markets and is also gaining us access to new areas of opportunity. As a result, we believe we are well positioned to generate incremental business in both the Food Distribution and Military segments next year.”

For the fourth quarter of fiscal 2015, the Company slightly revised its previously issued guidance for adjusted net earnings from continuing operations to approximate $0.44 per diluted share, excluding merger integration costs and any other one-time expenses. This guidance is based on expectations of the continuation of low inflation levels and the challenging sales environment and is within the Company’s previously issued annual range.

The Company expects capital expenditures for fiscal year 2015 to be in the range of $75.0 million to $80.0 million, with depreciation and amortization of approximately $83.0 million to $84.0 million and total interest expense of approximately $21.0 to $22.0 million, excluding one-time charges.

On November 2, 2015, the Company called for redemption all of the outstanding $50.0 million aggregate principal amount of the 6.625% Senior Notes due December 2016 (the “Notes”). The Company will redeem the Notes for cash using borrowings under its revolving credit facility, with the redemption to occur on December 15, 2015. One-time charges of $1.1 million are expected to be incurred in the current year fourth quarter consisting of the redemption premium and the write-off of unamortized issuance costs. As a result of the redemption, the Company expects to reduce ongoing annual interest expense by approximately $2.0 million, partially offset by future interest rate increases.

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