Spartan Stores: Q3 Earnings Snapshot
GRAND RAPIDS, Mich. (AP) _ Spartan Stores Inc. (SPTN) on Wednesday reported third-quarter profit of $9.5 million.
The Grand Rapids, Michigan-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The grocery store operator and grocery distributor posted revenue of $2.3 billion in the period.
Spartan Stores expects full-year earnings in the range of $2.27 to $2.37 per share, with revenue in the range of $9.5 billion to $9.7 billion.