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SpartanNash Shares Rise After Fiscal Q2 Results, Reaffirming 2024 Guidance
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SpartanNash Shares Rise After Fiscal Q2 Results, Reaffirming 2024 Guidance
Aug 15, 2024 12:14 PM

02:53 PM EDT, 08/15/2024 (MT Newswires) -- SpartanNash ( SPTN ) shares were up more than 5% in recent Thursday trading following its fiscal Q2 results.

The company reported fiscal Q2 adjusted earnings of $0.59 per diluted share, down from $0.65 a year earlier. Analysts polled by Capital IQ expected $0.57.

Net sales for the quarter ended July 13 fell to $2.23 billion from $2.31 billion a year earlier. Analysts expected $2.27 billion.

The company reaffirmed its fiscal 2024 outlook for adjusted EPS of $1.85 to $2.10 on net sales of $9.5 billion to $9.7 billion. Analysts polled by Capital IQ expect $2.03 and $9.6 billion, respectively.

Price: 20.64, Change: +1.09, Percent Change: +5.58

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