SpartanNash shares are trading lower after the company reported worse-than-expected Q3 financial results and cut FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
SpartanNash reported worse-than-expected Q3 financial results and reduced its FY23 guidance, leading to a drop in its share price.
November 08, 2023 | 5:51 pm
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SpartanNash's Q3 results were below expectations and the company has cut its FY23 guidance, causing its stock price to fall.
SpartanNash's worse-than-expected Q3 results and reduced FY23 guidance are negative indicators for the company's financial health, which has led to a decrease in its stock price. Investors may be concerned about the company's future profitability, leading to selling pressure.
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RELEVANCE 100