05.03.2014 22:50:37
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SpartanNash Posts Q3 Loss - Quick Facts
(RTTNews) - SpartanNash Company (SPTN) Wednesday reported third-quarter loss of $13.99 million or $0.50 per share, up from $3.40 million or $0.16 per share in the same period last year.
On average, five analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.
Sales increased 69.1 percent to $1.3 billion from $789.9 million last year. Analysts expected revenues of $805.80 million.
Looking ahead to the first quarter, the company has forecast adjusted earnings in the range of $0.33 to $0.38 per share. Analysts currently expect first-quarter earnings of $0.46 per share.
For the fiscal year 2014, the company currently projects adjusted earnings in the range of $1.65 to $1.75 per share, with revenues ranging between $7.90 billion and $8.04 billion.
Analysts currently expect the company to report full-year earnings of $1.54 per share on revenues of $2.68 billion.
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