SpartanNash Q2 2024 Adj EPS $0.59 Beats $0.56 Estimate, Sales $2.23B Miss $2.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
SpartanNash (NASDAQ:SPTN) reported Q2 2024 adjusted EPS of $0.59, beating the estimate of $0.56, but sales of $2.23 billion missed the $2.27 billion estimate. EPS decreased by 9.23% year-over-year, and sales decreased by 3.55% year-over-year.
August 15, 2024 | 11:02 am
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SpartanNash reported Q2 2024 adjusted EPS of $0.59, beating the estimate of $0.56, but sales of $2.23 billion missed the $2.27 billion estimate. EPS decreased by 9.23% year-over-year, and sales decreased by 3.55% year-over-year.
While SpartanNash's EPS beat estimates, the miss on sales and the year-over-year declines in both EPS and sales suggest mixed results. This could lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
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