SpartanNash Profit Tops Estimates

(RTTNews) - Food distributor SpartanNash Co (SPTN) on Wednesday reported first-quarter net earnings of $10.3 million or $0.27 per share compared with $12.3 million or $0.33 per share last year.

Excluding items, adjusted earnings for the quarter were $0.44 per share compared with $0.40 per share a year ago.

Revenues for the quarter were $2.31 billion compared with $2.33 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.41 per share on revenues of $2.32 billion for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company expects adjusted earnings to slightly exceed last year's $0.50 per share. Analysts expect earnings of $0.53 per share.

For the full year 2015, the company still expects adjusted earnings of $1.89 to $1.98, while analysts expect $1.96 per share.