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SpartanNash Reports 40.96% Decrease in Q2 Profit, $11.49 Million Earned

By USinMinutes - Aug 15, 2024, 07:00 AM ET
Last Updated - Aug 15, 2024, 03:02 PM EDT
SpartanNash Reports 40.96% Decrease in Q2 Profit, $11.49 Million Earned

Q2 Revenue of $2.23 Billion Shows a 3.54% Decline for SpartanNash

SpartanNash [SPTN] reported a net profit of $11.49 million for the second quarter ended on July 13, 2024. Compared to the previous quarter, the profit decreased by 40.96%.

The company, headquartered in Grand Rapids, Michigan, reported to SEC in an 8-K filing $0.34 earnings per share in the quarter, compared to $0.56 in the previous quarter.

SpartanNash, a food solutions company, reported a total revenue of $2.23 billion for the latest period. This figure shows a 3.54% decrease compared to the revenue in the previous quarter.

In comparison to the same quarter in the previous year, SpartanNash's revenue for the current period remained consistent. Additionally, the company experienced a 40.96% decrease in net profit for the current quarter compared to the same quarter in the previous year.

Spartannash Co [SPTN]
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19.55 (-0.11)

As of August 14, 2024 end of day trading.

Dollars in millions
Apr 20, 2024    Dec 30, 2023    Oct 07, 2023    Jul 15, 2023   

Income Statement

Revenue $2,806.3  $9,729.2  $2,264.2  $2,312.4 
Net Income $13.0  $52.2  $11.1  $19.5 
Net Cash $1.0  -$11.1  -$11.5  -$12.2 
Gross Margin $440.3  $1,485.6  $347.5  $352.4 
Profit as % of Revenues15.69 15.27 15.35 15.24 
Profit as % of Assets0.55 2.24 0.48 0.84 
Profit as % of Stockholder Equity1.65 6.71 1.43 2.53 
Return on Equity1.65 6.71 1.43 2.53 
Return on Assets0.55 2.22 0.48 0.84 
Turnover Ratio119.48 4.17 0.98 1.00 

Balance Sheet

Total Assets $2,341.8  $2,355.6  $2,333.8  $2,326.9 
Total Liabilities $1,556.6  $1,577.4  $1,556.5  $1,558.5 

Cash Flow Statement

Operating Cash Flow $36.5  $89.3  $95.7  $49.7 
Investing Cash Flow -$38.1  -$116.5  -$82.0  -$57.1 
Financing Cash Flow $2.6  $16.1  -$25.2  -$4.8 
 
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
 

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