Benzinga | Nov 11, 2020 04:22PM EST

Recap: SpartanNash Q3 Earnings

Shares of SpartanNash (NASDAQ:SPTN) moved lower by 5.22% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 133.33% year over year to $0.70, which beat the estimate of $0.62.

Revenue of $2,061,000,000 up by 3.05% from the same period last year, which missed the estimate of $2,140,000,000.

Outlook

SpartanNash Narrows FY20 Adj. EPS Guidance From $2.40-$2.60 To $2.42-$2.50 vs $2.55 Est.

Technicals

52-week high: $23.94

Company's 52-week low was at $9.00

Price action over last quarter: down 6.15%

Company Description

SpartanNash Company is a multi-regional grocery distributor and retailer. The company operates in the United States and is segmented into Military, Food Distribution, and Retail. Its Military segment consists of the distribution of products to The United States military commissaries, which provide food to active-duty, guard, reserve, or retired members of the military at discounted prices. The Food distribution segment proves to be the principal division, deriving the revenue streams for the company. Its retail division consists of supplying both independent grocery retailers and owned retail stores.