SpartanNash Announces Fourth Quarter and Fiscal 2019 Financial Results
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SpartanNash (SPTN) Misses Q4 EPS by 4c; FY20 EPS Guidance Below Consensus
February 19, 2020 4:15 PM ESTSpartanNash (NASDAQ: SPTN) reported Q4 EPS of $0.23, $0.04 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2 billion.
Fourth Quarter Fiscal 2019 Highlights
Net sales growth of 5.3%, to $2.00 billion from $1.90 billion in the prior year quarter, representing the fifteenth consecutive quarter of growth.Retail comparable store sales of 0.5%, were positive for the second consecutive quarter.EPS of $0.15 per share; Adjusted EPS of $0.23, including $0.11 in CEO transition and supplemental incentive program costs (Transition Costs).Significant working capital improvements over the prior year,... More