Benzinga | Jun 2, 2021 04:51PM EDT

SpartanNash: Q1 Earnings Insights

Shares of SpartanNash (NASDAQ:SPTN) decreased in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 16.42% year over year to $0.56, which were in line with the estimate of $0.56.

Revenue of $2,658,000,000 declined by 6.93% year over year, which missed the estimate of $2,700,000,000.

Outlook

SpartanNash Reaffirms FY21 Adj. EPS Guidance Of $1.65-$1.80 vs $1.76 Est.

Price Action

52-week high: $23.94

Company's 52-week low was at $15.75

Price action over last quarter: Up 13.01%

Company Overview

SpartanNash Co 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.