Bullish indicating open at $55-$60, IPO prices at $37
GRAND RAPIDS, Mich. - On Thursday, SpartanNash Co. (NASDAQ:SPTN) reported first-quarter results that exceeded revenue expectations but fell short on earnings, while reaffirming its full-year outlook.
The food solutions company’s shares rose 2.57% in pre-market trading following the announcement.
SpartanNash posted Q1 adjusted earnings per share of $0.35, missing the analyst consensus of $0.45. However, revenue for the quarter came in at $2.91 billion, surpassing estimates of $2.87 billion and representing a 3.7% increase year-over-year.
The company’s Retail segment saw a 19.6% jump in net sales to $947.2 million, driven by incremental sales from acquired stores and a 1.6% rise in comparable store sales. However, the Wholesale segment experienced a 2.6% decline in net sales to $1.96 billion.
"We continue to execute on our strategic initiatives and deliver on our commitments," said SpartanNash President and CEO Tony Sarsam. "SpartanNash hit the ground running in 2025, posting another quarter of growth and achieving record adjusted EBITDA in the first quarter."
For fiscal year 2025, SpartanNash reaffirmed its guidance, projecting earnings per share of $1.60 to $1.85 and revenue between $9.8 billion and $10 billion.
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