SpartanNash Q3 2021 Earnings Report
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.
SpartanNash
SpartanNash
SpartanNash 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%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income