Wholesale Division Softness A Drag On SpartanNash Q2 Results

Second quarter sales at SpartanNash were down 3.5% as the company pinned the decrease on reduced volume from national accounts.

For the 12 weeks ended July 13, net sales were $2.23 billion, down from net sales of $2.31 billion in the comparable quarter the previous year. Wholesale segment net sales decreased 4.8% to $1.55 billion and retail segment net sales decreased 0.4% to $676.1 million, with comparable store sales down 2.5%. Net earnings in the quarter were $11.5 million, down from net earnings of $19.5 million in the previous year’s second quarter.

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