SpartanNash Expects FY24 Net Sales Between $9.70B-$9.90B Vs. $9.88B Estimate; Projects Adjusted EPS Between $1.85-$2.10 Vs. $2.40 Estimate
Portfolio Pulse from Benzinga Newsdesk
SpartanNash forecasts FY24 net sales to range from $9.70B to $9.90B, slightly below the $9.88B estimate. The company also projects its adjusted EPS to be between $1.85 and $2.10, which is below the expected $2.40 estimate.
February 15, 2024 | 12:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SpartanNash's FY24 net sales and adjusted EPS projections are below market estimates, indicating potential challenges ahead.
SpartanNash's projection of lower-than-expected net sales and adjusted EPS for FY24 suggests potential operational or market challenges that could negatively impact its stock price in the short term. The discrepancy between the company's forecasts and market estimates may lead to decreased investor confidence and a possible decline in stock price as the market adjusts to the new projections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100