SpartanNash Q3 Profit Down

(RTTNews) - SpartanNash Company (SPTN), Wednesday reported third-quarter net income of $15.4 million or $0.41 per share, down from $17.1 million or $0.45 per share last year.

Adjusted earnings for the quarter were $0.49 per share, up from $0.46 per share last year.

Revenues for the quarter dropped to $1.78 billion from $1.81 billion last year. Revenues dropped 1.9 percent due largely to lower sales in the Military and Retail segments.

Analysts polled by Thomson Reuters estimated earnings of $0.49 per share on revenues of $1.81 billion. Analysts' estimates typically exclude one-time items.