SpartanNash Announces Third Quarter Fiscal 2020 Financial Results
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SpartanNash (SPTN) Tops Q3 EPS by 8c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
November 11, 2020 4:09 PM ESTSpartanNash (NASDAQ: SPTN) reported Q3 EPS of $0.70, $0.08 better than the analyst estimate of $0.62. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.14 billion.
Third Quarter Fiscal 2020 Highlights
Net sales growth of 3.1% to $2.06 billion from $2.00 billion in the prior year quarter, representing the eighteenth consecutive quarter of growth.Retail comparable store sales of 10.6% were positive for the fifth consecutive quarter.EPS of $0.56 per share, compared to a loss of $(0.01) per share in the prior year quarter; adjusted EPS of $0.70 per share, an increase of 133% over $0.30 per share... More