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Oct 09, 2021
SpartanNash Q3 2021 Earnings Report
SpartanNash's third quarter results for fiscal year 2021 were announced, with net sales increasing and retail comparable store sales also up.
Key Takeaways
SpartanNash reported a 0.6% increase in net sales to $2.07 billion, driven by growth in Food Distribution and Retail, with retail comparable store sales increasing by 3.1%. EPS was $0.42 per share, and adjusted EPS was $0.43 per share. The company raised its full-year earnings outlook.
Net sales increased by 0.6% year-over-year to $2.07 billion, driven by growth in Food Distribution and Retail segments.
Retail comparable store sales increased by 3.1% for the quarter.
EPS was reported at $0.42 per share, with adjusted EPS at $0.43 per share.
Adjusted EBITDA was $51.5 million, compared to $57.0 million in the prior year quarter.
Revenue by Segment
Forward Guidance
The Company is updating its full-year guidance for 2021. Adjusted EBITDA is now expected to range from $205 to $210 million. In addition, the Company increased and narrowed the range of retail comparable sales expectations from a decline of 5% to 3% to a decline of 2% to 1%.
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Avg. Return Before/After Earnings
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