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GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Spartan Stores Inc. (SPTN) on Thursday reported net income of $650,000 in its fourth quarter.
The Grand Rapids, Michigan-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, were 28 cents per share.
The grocery store operator and grocery distributor posted revenue of $2.31 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $2.23 billion.
For the year, the company reported profit of $34.5 million, or 95 cents per share. Revenue was reported as $9.64 billion.
Spartan Stores expects full-year earnings in the range of $2.20 to $2.35 per share, with revenue in the range of $9.9 billion to $10.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SPTN">Zacks stock report on SPTN at https://www.zacks.com/ap/SPTN