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SpartanNash fiscal Q2 profit climbs YOY

SpartanNash Co. said its normalized net income for the fiscal second quarter ended July 18 was 54 cents per share, compared with the S&P Capital IQ consensus estimate of 51 cents per share.

EPS climbed year over year from 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $19.8 million, an increase from $19.3 million in the year-earlier period.

The normalized profit margin rose to 1.1% from 1.1% in the year-earlier period.

Total revenue came to $1.80 billion, compared with $1.81 billion in the prior-year period, and total operating expenses came to $1.76 billion, compared with $1.77 billion in the prior-year period.

Reported net income increased 17.1% on an annual basis to $20.0 million, or 54 cents per share, from $17.1 million, or 46 cents per share.