Spartan Stores Q1 Profit Up - Quick Facts

(RTTNews) - Spartan Stores Inc. (SPTN) Wednesday reported first-quarter profit of $12.31 million, up from $8.64 million in the same period last year. On a per-share basis, earnings declined to $0.33 from $0.40 last year.

Adjusted earnings for the quarter were $15.2 million or $0.40 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Sales jumped 199.1 percent to $2.3 billion from $780.3 million last year. Analysts expected revenues of $2.30 billion.

Looking ahead to the fiscal 2014, the company continues to project earnings in thea range of $1.65 to $1.75 per share, with sales ranging between $7.90 billion and $8.04 billion.

Analysts currently expect the company to report full-year earnings of $1.74 per share on revenues of $7.88 billion.