SpartanNash Co reports results for the quarter ended March 31 - Earnings Summary

• SpartanNash Co SPTN.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of five analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 39 cents to 47 cents per share.

• Revenue rose 3.7% to $2.91 billion from a year ago; analysts expected $2.87 billion.

• SpartanNash Co's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $2.08 million.

• SpartanNash Co shares had fallen by 3.8% this quarter and gained 6.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 $20.50

This summary was machine generated from LSEG data May 29 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)