SpartanNash Announces Second Quarter Fiscal 2018 Financial Results
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SpartanNash Company (SPTN) PT Lowered to $23 at BMO Capital; Momentum Derailed by Recall
August 16, 2018 3:24 PM EDTBMO Capital analyst Kelly Bania lowered the price target on SpartanNash Company (NASDAQ: SPTN) to $23.00 (from $25.00) while maintaining a Outperform rating.
Bania commented, "Despite the momentum at SpartanNash that was largely derailed by the voluntary recall of melons in June and delayed... More
SpartanNash (SPTN) Misses Q2 EPS by 7c, Revenues Beat; Offers FY18 EPS Outlook Below Consensus
August 15, 2018 4:08 PM EDTSpartanNash (NASDAQ: SPTN) reported Q2 EPS of $0.50, $0.07 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.87 billion.
Net Sales Increase Driven by Continued Strong Growth in Our Distribution Businesses of 4.2%Second Quarter EPS from Continuing Operations of $0.50 per Diluted Share, Including $0.06 in Estimated Losses Associated with Voluntary Product RecallMr. Staples continued, We expect to see continued strong distribution sales growth during the back half... More
