SpartanNash Cuts FY23 Total Net Sales Outlook From $9.90B-$10.20B To $9.65B-$9.95B; Consensus $10.01B
Portfolio Pulse from Benzinga Newsdesk
SpartanNash has reduced its FY23 total net sales outlook from $9.90B-$10.20B to $9.65B-$9.95B, which is below the consensus estimate of $10.01B.
August 17, 2023 | 11:04 am
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NEGATIVE IMPACT
SpartanNash's lowered FY23 net sales outlook may negatively impact its stock price in the short term.
SpartanNash's revised FY23 net sales outlook is below the consensus estimate, which could lead to a negative market reaction and a potential decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100