SpartanNash’s sales decrease in Q4 due to lower volumes

  • SpartanNash’s sales declined in the fourth quarter
  • Lower volumes in both wholesale and retail segments
  • Profit of $10.31 million, compared to $650,000 in the same quarter last year
  • Adjusted earnings of 35 cents a share, missing expectations of 37 cents a share
  • Sales decreased to $2.25 billion from $2.31 billion

SpartanNash, the distributor of grocery products to U.S. military commissaries, experienced a decline in sales during the fourth quarter. Both the wholesale and retail segments saw lower volumes, resulting in a decrease in overall sales. The company reported a profit of $10.31 million, compared to $650,000 in the same quarter last year. Adjusted earnings for the period were 35 cents a share, falling short of analyst expectations of 37 cents a share. Sales decreased from $2.31 billion to $2.25 billion, missing analyst forecasts. This decline in sales highlights the challenges faced by SpartanNash in the current market.

Public Companies: SpartanNash (Unknown)
Private Companies:
Key People: Emon Reiser (Unknown)

Factuality Level: 8
Justification: The article provides specific financial information about SpartanNash’s sales and profit in the fourth quarter, including comparisons to the previous year. It also mentions analyst forecasts and how the company’s performance compared to those forecasts. The information provided is factual and based on financial data.

Noise Level: 3
Justification: The article provides relevant information about SpartanNash’s sales decrease in the fourth quarter, including the reasons behind it and the financial figures. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: SpartanNash’s sales decrease may impact the company’s stock price and investor sentiment.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses SpartanNash’s sales and profit in the fourth quarter. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com