The 2020 Mid-Year Economic Update_long

SpartanNash Sales Up 178% in 2Q

Profit increased 117 percent year-over-year.

SpartanNash (NASDAQ: SPTN), Grand Rapids, MI, reported sales for the second quarter of $1.8 billion, a 178 percent increase over the same period a year ago. Profit increased 117 percent to $17.3 million. 

"The earnings upside was driven primarily by continued favorable synergy realization and our retail segment,” said Dennis Eidson, president and CEO. “While the quarter started off slowly due to the later timing of Easter, sales trends improved as the quarter progressed and the retail division achieved positive comparable store sales over the back half of the second quarter despite some softening in the consumer environment. We have also made significant progress with our merger integration efforts."

For the first six months, sales were $4.2 billion, a 189 percent increase over the same period one year prior. Profit was $29.6 billion, up 78.2 percent year-over-year.

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