SpartanNash Announces First Quarter Fiscal 2020 Financial Results
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SpartanNash (SPTN) Tops Q1 EPS by 20c, Revenues Beat; Raises FY20 EPS Guidance
May 27, 2020 4:08 PM EDTSpartanNash (NASDAQ: SPTN) reported Q1 EPS of $0.67, $0.20 better than the analyst estimate of $0.47. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.62 billion.
First Quarter Fiscal 2020 Highlights
Net sales growth of 12.4%, to $2.86 billion from $2.54 billion in the prior year quarter, representing the sixteenth consecutive quarter of growth.Retail comparable store sales of 15.6% were positive for the third consecutive quarter, representing a significant acceleration from recent trends driven by the COVID-19 pandemic.EPS of $0.43 per share, an increase of 105% over the prior year quarter; adjusted... More