SpartanNash Q1 revenue declined 3.4% to $2.81bn, missing the consensus estimate, while FY24 net sales outlook was lowered to $9.5-9.7bn.
SpartanNash (SPTN) reported a 3.4% decline in Q1 revenue to $2.81bn, missing the consensus estimate of $2.854bn. Adjusted EBITDA fell to $74.9m from $76.8m the previous year, while adjusted EPS of $0.53 surpassed the consensus of $0.51. The company lowered its FY24 net sales outlook to $9.5-9.7bn from a previous range of $9.7-9.9bn, while maintaining its adjusted earnings guidance of $1.85-2.10 per share.
May 30, 2024
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