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.
