SpartanNash Q1 Adj EPS $0.64 Beats $0.63 Estimate, Sales $2.91B Miss $2.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
SpartanNash reported Q1 adjusted earnings of $0.64 per share, beating the estimate of $0.63 by 1.59%. However, sales of $2.91B missed the $2.95B estimate by 1.36%. Earnings decreased by 22.89% YoY, while sales increased by 5.28% YoY.
June 01, 2023 | 11:02 am
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SpartanNash's Q1 adjusted EPS beat estimates, but sales missed. Earnings decreased by 22.89% YoY, while sales increased by 5.28% YoY.
SpartanNash's Q1 results show mixed performance, with adjusted EPS beating estimates but sales missing. The decrease in earnings YoY and the missed sales estimate may offset the positive impact of beating the EPS estimate, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100