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Why Grocery Store Retailer SpartanNash's Shares Are Plunging Today

  • Grand News Network
  • November 8, 2023

SpartanNash Company (NASDAQ: SPTN) reported a third-quarter FY23 sales decline of 1.4% year-on-year to $2.264 billion, missing the consensus of $2.298 billion. Retail comparable sales increased 1.2%Y/Y.

The company attributed the decrease in sales to declines in both the Wholesale and Retail segments, which were unfavorably impacted by a reduction in volume, partially offset by higher pricing from ...

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