SPTN - Sweet & Sour Quarter: SpartanNash Beats Q1 Profits But Lowers FY24 Sales Forecast | Benzinga
SpartanNash Company (NASDAQ:SPTN) shares are trading lower after the company reported first-quarter FY24 results.
Revenue declined 3.5% Y/Y to $2.81 billion, missing the consensus of $2.854 billion, reflecting lower volumes in the Wholesale and Retail segments. Retail comparable store sales were down 2.5% in the quarter.
Adjusted EBITDA declined to $74.9 million from $76.8 million a year ago. Adjusted EPS of $0.53 beat the consensus of $0.51.
SpartanNash generated ...