SpartanNash Reports Net Income of $11.3 Million for Q1 2023
The company generates $2.9 billion in revenue, reflecting steady growth
By USInMinutes
Published - Jul 06, 2023, 03:00 AM ET
Last Updated - Jul 18, 2023, 03:05 PM EDT
SpartanNash Company,(SPTN) a leading distributor of grocery products, has announced its financial results for the first quarter of 2023. The company reported a net income of $11.3 million, demonstrating its ability to maintain profitability in a competitive market. Additionally, SpartanNash generated $2.9 billion in revenue, reflecting steady growth and a strong performance in its operations.
Net Income Highlights
SpartanNash's financial statements indicate a net income of $11.3 million for the 16-week period ending April 22, 2023. This figure demonstrates the company's ability to generate profits despite the challenges faced by the grocery industry.
