SpartanNash’s Q3 EPS, Revenue Match Expectations

SpartanNash Company rose 12.3% in Thursday’s afternoon trade after the company reported financial results for Q3, with earnings and revenue matching analysts’ expectations. It narrowed its earnings guidance for fiscal 2016 in line with Street estimates.

For the quarter ended Oct. 8, the multi-regional grocery distributor and grocery retailer posted Q3 adjusted earnings from continuing operations of $0.53 per share, in line with the Capital IQ consensus estimate. In the prior-year period, EPS was $0.49.

Revenue was $1.80 billion, from $1.78 billion in the same quarter last year. The Street view is for revenue of $1.81 billion.

The company is narrowing its previously issued fiscal 2016 guidance of adjusted earnings per diluted share from continuing operations to $2.09 – $2.16 from the previous range of $2.07 – $2.18. The Street view is for EPS of $2.14.

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