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SpartanNash Q2 Revenues Dip 3.5% On Reduced Volumes In National Accounts
SpartanNash Company (NASDAQ:SPTN) reported second-quarter adjusted earnings per share of 59 cents, beating the street view of 56 cents. Quarterly revenues of $2.23 billion missed the analyst consensus of $2.27 billion.
Net sales dropped 3.5%, primarily due to lower volumes in both the Wholesale and Retail segments.
The Wholesale segment saw a 4.8% decline to $1.55 billion, largely due to reduced volumes in national accounts. The Retail segment’s sales fell 0.4% to $676.1 million, with comparable ...