SpartanNash (SPTN) Tops Q1 EPS by 20c, Revenues Beat; Raises FY20 EPS Guidance

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Go back to SpartanNash (SPTN) Tops Q1 EPS by 20c, Revenues Beat; Raises FY20 EPS Guidance

SpartanNash Announces First Quarter Fiscal 2020 Financial Results

May 27, 2020 4:05 PM EDT

First Quarter Net Sales Increase 12.4% to $2.86 Billion
Reports First Quarter Retail Comparable Store Sales of 15.6%
Generates EPS of $0.43, an Increase of 105%; Adjusted EPS of $0.67, an Increase of 179%
Improves Leverage Ratio Through Pay Down of Over $90 Million in Long-Term Debt
Raises Fiscal Year 2020 Outlook

GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- SpartanNash Company (the Company) (Nasdaq: SPTN) today reported financial results for its 16-week first quarter ended April 18, 2020.

First Quarter Fiscal 2020 Highlights

Net sales growth of 12.4%, to $2.86... More