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Spartan Stores (SPTN) delivered earnings and revenue surprises of 13.79% and 6.78%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
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For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
On July 22, 2013, Spartan Stores announced that it would merge with Nash Finch Company. The merger was completed on November 19, 2013, resulting in the formation of SpartanNash Company. [ 4 ] Under terms of the $1.3 billion deal, each Nash Finch share would convert to 1.2 shares of Spartan Stores stock.
SpartanNash Company (formerly Grand Rapids Wholesale Grocery Company and Spartan Stores, Inc.) is an American food distribution and retail company headquartered in Byron Center, Michigan. [2] The company was founded in 1917 and was formerly known as Spartan Stores until it adopted its current name on November 19, 2013 following a merger with ...
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Spartan Stores (SPTN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.