SPTN - Why Grocery Store Retailer SpartanNash's Shares Are Plunging Today | Benzinga
SpartanNash Company (NASDAQ: SPTN) reported a third-quarter FY23 sales decline of 1.4% year-on-year to $2.264 billion, missing the consensus of $2.298 billion. Retail comparable sales increased 1.2%Y/Y.
The company attributed the decrease in sales to declines in both the Wholesale and Retail segments, which were unfavorably impacted by a reduction in volume, partially offset by higher pricing from ...