SpartanNash Reports Q2 Beat on EPS, Revenue Miss, Withholds Guidance Amid Pending Transaction

Thursday, Aug 14, 2025 7:44 am ET1min read

SpartanNash reported Q2 Non-GAAP EPS of $0.54, beating expectations by $0.04, but revenue of $2.27B (+1.8% Y/Y) missed by $20M. Adjusted EBITDA was $68.7 million, compared to $64.5 million, and cash generated from operating activities was $112.6 million, compared to $132.1 million. The company withheld guidance due to a pending transaction.

SpartanNash, a food solutions company listed on the Nasdaq under the ticker SPTN, released its Q2 2025 earnings report on July 31, 2025. The company reported a Non-GAAP EPS of $0.54, which beat the consensus estimate of $0.50 by $0.04. However, revenue for the quarter came in at $2.27 billion, missing the consensus estimate of $2.29 billion by $20 million [2].

Adjusted EBITDA for the quarter was $68.7 million, compared to $64.5 million in the previous quarter. Cash generated from operating activities was $112.6 million, a decrease from $132.1 million in the prior quarter. The company also reported a net long-term debt to adjusted EBITDA ratio of 2.7x, an improvement from the 2.9x ratio at the end of the first quarter. Capital expenditures and IT capital for the quarter were $56.2 million, down from $73.4 million in the previous quarter [3].

SpartanNash attributed the mixed results to the pending transaction with C&S Wholesale Grocers, which will see the company acquired for $26.90 per share in cash [1]. As a result of the pending transaction, the company withheld fiscal 2025 financial guidance and did not host a quarterly earnings conference call [3].

The company's stock has been volatile in recent months, with the pending acquisition and mixed Q2 results contributing to the uncertainty. Despite the mixed results, SpartanNash has a history of beating EPS and revenue estimates, with a 50% success rate for EPS and a 38% success rate for revenue over the last two years [2].

References:
[1] https://corporate.spartannash.com/press-releases?l=5
[2] https://seekingalpha.com/news/4484853-spartannash-q2-2025-earnings-preview
[3] https://seekingalpha.com/news/4485277-spartannash-reports-mixed-q2-results-withholds-guidance-due-to-pending-transaction

SpartanNash Reports Q2 Beat on EPS, Revenue Miss, Withholds Guidance Amid Pending Transaction

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