Overview
SpartanNash fiscal Q2 net sales rise 1.8%, in-line with analyst expectations, per LSEG data
Adjusted EPS for fiscal Q2 beats estimates, reflecting operational improvements
Co highlights pending acquisition by C&S Wholesale Grocers, closing expected late 2025
Outlook
Company will not provide fiscal 2025 guidance due to pending acquisition
Result Drivers
ACQUISITIONS - Retail segment net sales increased due to contributions from recent acquisitions
WHOLESALE DECLINE - Wholesale segment net sales decreased due to reduced case volumes and elimination of intercompany sales
MERGER COSTS - Net earnings impacted by costs related to pending merger and organizational realignment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | In-line | $2.27 bln | $2.28 bln (4 Analysts) |
Q2 Adjusted EPS | Beat | $0.54 | $0.49 (4 Analysts) |
Q2 Net Earnings | Miss | $6.19 mln | $15.50 mln (3 Analysts) |
Q2 Adjusted EBITDA | Beat | $68.70 mln | $66.20 mln (4 Analysts) |
Q2 Pretax Profit | Miss | $6.05 mln | $21 mln (1 Analyst) |
Q2 Gross Profit |
| $382.62 mln |
|
Q2 Operating Earnings |
| $18.12 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy."
Wall Street's median 12-month price target for SpartanNash Co is $26.90, about 1.3% above its August 13 closing price of $26.56
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nPn1n9qbVa