SpartanNash (NASDAQ: SPTN) reported Q1 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.46 billion.

GUIDANCE:

SpartanNash sees FY2017 EPS of $2.26-$2.35, versus the consensus of $2.32.

Outlook

Mr. Staples continued, “We are excited about our growth opportunities in fiscal 2017 as we focus on providing value and innovative solutions to our customers and further leverage our expertise and extensive network to drive new and existing business. Our sales and earnings are positioned to benefit from food distribution growth, contributions from Caito and from ongoing improvements to our supply chain. We continue to anticipate slight inflation in the second half of the year. The customer response to the improvements we have made in our western stores, particularly in Omaha, has been very encouraging. For our retail segment, we are on track to achieve comparable store sales in the slightly negative to flat range in 2017. In our military business, we expect to begin shipping DeCA private brand products to commissaries during the second quarter, although we expect limited financial contributions for the year due to the start-up costs associated with the rollout of the program.”

The Company is reaffirming its guidance for fiscal 2017, including adjusted earnings per share from continuing operations(7) of approximately $2.26 to $2.35, excluding merger/acquisition and integration costs and other adjusted expenses and gains. This guidance is based on the Caito integration meeting expectations for the second half of the year. Consistent with the first quarter results, the Company anticipates the second quarter to slightly exceed the prior year as it continues to work through the integration. The Company anticipates that reported earnings from continuing operations will now be in the range of approximately $1.99 to $2.08 per diluted share based on expected Fresh Kitchen start-up costs, a retirement stock compensation award, and other anticipated integration and restructuring costs.

The Company continues to expect capital expenditures for fiscal year 2017 to be in the range of $70.0 million to $72.0 million, with depreciation and amortization of approximately $86.0 million to $88.0 million, and total interest expense of approximately $25.0 million to $27.0 million.

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