SpartanNash reports Q2 adjusted EPS 59c, consensus 56c

Reports Q2 revenue $2.23B, consensus $2.27B. “The team’s execution of our transformational initiatives has created a foundation for future growth while contributing to our margin gains year-to-date,” said CEO Tony Sarsam. “We are pleased with the progression of our investments in margin-enhancing programs and expect benefits by the end of the year. Building on this progress, we are piloting a Customer Value Proposition initiative that is informed by extensive shopper data and insights, aimed at enhancing freshness, value and convenience. As part of this store modernization program, we are lowering prices on 6,000 products to bring more value to our shoppers today.”