Investing.com - SpartanNash Co reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SpartanNash Co announced earnings per share of $0.14 on revenue of $2.27B. Analysts polled by Investing.com anticipated EPS of $0.4714 on revenue of $2.17B.
SpartanNash Co shares are down 16% from the beginning of the year and are trading at $29.93 , down-from-52-week-high.They are under-performing the S&P CLX IPSA which is up 25.77% from the start of the year.
SpartanNash Co follows other major Consumer Staples sector earnings this month
SpartanNash Co's report follows an earnings beat by Walmart on August 16, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Estee Lauder had beat expectations on August 18 with fourth quarter EPS of $0.42 on revenue of $3.56B, compared to forecast for EPS of $0.3219 on revenue of $3.42B.
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