Spartan Stores: Q4 Earnings Snapshot

In this article:

GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Spartan Stores Inc. (SPTN) on Thursday reported earnings of $10.3 million in its fourth quarter.

The Grand Rapids, Michigan-based company said it had profit of 30 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.

The grocery store operator and grocery distributor posted revenue of $2.25 billion in the period.

For the year, the company reported profit of $52.2 million, or $1.50 per share. Revenue was reported as $9.73 billion.

Spartan Stores expects full-year earnings in the range of $1.85 to $2.10 per share, with revenue in the range of $9.7 billion to $9.9 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPTN at https://www.zacks.com/ap/SPTN

Advertisement