Spartan Stores Reports Q4 Loss, Provides Earnings Guidance
GRAND RAPIDS, Mich. (AP) - Spartan Stores Inc. (SPTN) reported a fourth-quarter loss of $35.1 million Wednesday, translating to a per-share loss of $1.04.
Adjusted for one-time items, earnings were 42 cents per share. Revenue for the quarter reached $2.26 billion.
For the full year, Spartan Stores reported a profit of $299,000 (1 cent per share) on revenue of $9.55 billion.
The company anticipates full-year earnings per share of $1.60 to $1.85, with revenue between $9.8 billion and $10 billion.