Benzinga | Aug 12, 2020 04:27PM EDT

SpartanNash: Q2 Earnings Insights

Shares of SpartanNash (NASDAQ:SPTN) rose 2.28% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 114.71% year over year to $0.73, which beat the estimate of $0.63.

Revenue of $2,184,000,000 rose by 9.42% from the same period last year, which missed the estimate of $2,260,000,000.

Outlook

SpartanNash raised full year adjusted EPS outlook to a range of $2.40 to $2.60 per share, and full year reported EPS outlook to a range of $2.13 to $2.41 per share.

Technicals

Company's 52-week high was at $23.94

52-week low: $8.82

Price action over last quarter: Up 8.03%

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.