Overview

* SpartanNash ( SPTN ) 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/Mis Actual Consensu

s s

Estimate

Q2 Sales In-line $2.27 $2.28

bln bln (4

Analysts

)

Q2 Beat $0.54 $0.49 (4

Adjusted Analysts

EPS )

Q2 Net Miss $6.19 $15.50

Earnings mln mln (3

Analysts

)

Q2 Beat $68.70 $66.20

Adjusted mln mln (4

EBITDA Analysts

)

Q2 Miss $6.05 $21 mln

Pretax mln (1

Profit Analyst)

Q2 Gross $382.62

Profit mln

Q2 $18.12

Operatin mln

g

Earnings

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 ( SPTN ) 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:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)