SpartanNash Co. said its normalized net income for the fiscal fourth quarter ended Jan. 2 came to 50 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.
EPS rose 16.9% year over year from 43 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.9 million, an increase of 17.0% from $16.1 million in the prior-year period.
The normalized profit margin increased to 1.1% from 0.8% in the year-earlier period.
Total revenue decreased 9.9% year over year to $1.77 billion from $1.96 billion, and total operating expenses decreased 10.3% on an annual basis to $1.73 billion from $1.93 billion.
Reported net income rose 40.9% on an annual basis to $16.7 million, or 44 cents per share, from $11.8 million, or 31 cents per share.
For the year, the company's normalized net income totaled $2.00 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.86.
EPS rose 8.6% from $1.84 in the prior year.
Normalized net income was $74.2 million, an increase of 8.6% from $68.3 million in the prior year.
Full-year total revenue decreased year over year to $7.65 billion from $7.92 billion, and total operating expenses fell on an annual basis to $7.51 billion from $7.78 billion.
The company said reported net income grew 6.4% on an annual basis to $61.9 million, or $1.67 per share, in the full year, from $58.2 million, or $1.57 per share.