SpartanNash Q3 Adj EPS $0.54 Misses $0.58 Estimate, Sales $2.26B Miss $2.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
SpartanNash reported Q3 adjusted earnings of $0.54 per share, missing the analyst consensus estimate of $0.58 by 6.9%. This is a 1.82% decrease from the same period last year. The company also reported quarterly sales of $2.26 billion, missing the analyst consensus estimate of $2.30 billion by 1.57%. This is a 1.44% decrease from the same period last year.
November 08, 2023 | 12:07 pm
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NEGATIVE IMPACT
SpartanNash's Q3 earnings and sales missed estimates, with a YoY decrease in both. This could potentially impact the company's stock negatively in the short term.
SpartanNash's Q3 earnings and sales missed analyst estimates and decreased from the same period last year. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100