Spartan Stores: Q1 Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Spartan Stores Inc. (SPTN) on Wednesday reported first-quarter earnings of $19.5 million.

The Grand Rapids, Michigan-based company said it had net income of 54 cents per share. Earnings, adjusted for non-recurring costs, were 56 cents per share.

The grocery store operator and grocery distributor posted revenue of $2.66 billion in the period.

Spartan Stores expects full-year earnings in the range of $1.65 to $1.80 per share.

Spartan Stores shares have risen 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.96, a fall of slightly more than 5% in the last 12 months.


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

Categories: Business News