Due to the merger with Nash Finch last year, SpartanNash had an 187.2% increase in sales in the third quarter compared to the same quarter a year ago. The company reported $1.81 billion in sales for the quarter ending October 4.
Earnings for the quarter were $17.1 million. Both wholesale and retail segments benefited from the merger.
The sales in the food distribution segment of the business increased 182.9%, and the retail segment increased 45%. Comparable store sales, excluding fuel, were up 0.4%. SpartanNash said that because of closed stores and gas prices, the retail segment had $19.5 million in lower sales.
As of the end of the quarter, SpartanNash was operating 165 stores and 30 fuel centers.
In a call to investors, Dennis Eidson, SpartanNash CEO said he was pleased with the third quarter results. “Through the merger, we've strengthened our strategic and competitive position, which is allowing us to develop impactful solutions for our existing customers and partners and to secure new business. Our team also continues to successfully work together to complete our integration activities and to position SpartanNash to take advantage of the growth opportunities in our industry,” he said, according to a Seeking Alpha transcript.
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