SpartanNash Reports Q1 Results


In a May 21st release, SpartanNash (SPTN) released results for the first quarter of fiscal 2019 ending April 20th.  For the period, the company earned $7.5 million on sales of $2.54 billion generating an EPS of .21 cents per share.  Corresponding figures for the first quarter of fiscal 2018 were sales of $2.39 billion, net earnings of $12.4 million and EPS of .34 cents.


According to the release, David Staples, president and CEO noted dissatisfaction with bottom-line results.  Lower earnings were attributed to increase cost through the supply chain, decrease margins and a significant loss in military distribution.


SpartanNash has traded at a 52-week range of $12.27 to $26.99 but opened on May 30th at $12.56 close to the low end. The Company has a 12-month trailing operating margin of 1.4 percent and a profit margin of 0.4 percent. SPTN caries debt of $698 million with a market capitalization of $453 million.