Key Developments For Spartan Stores, Inc.
Spartan Stores, Inc. (SPTN.O) (Nasdaq)
Spartan Stores, Inc. Declares Quarterly Dividend
Spartan Stores, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on December 15, 2009, to shareholders of record as of the close of business on December 1, 2009.
Spartan Stores, Inc. Comments On H2 2010 Comparable Store Sales Outlook
Spartan Stores, Inc. announced that for the second half of 2010, it expects retail comparable store sales (excluding fuel) to be in the negative low to mid single digit range due to the prolonged economic weakness, product price deflation, lower state tourism business, the competitive openings this year and strong comparable store sales growth reported in the third quarter last year.
Spartan Stores, Inc. Declares Quarterly Dividend
Spartan Stores, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on September 15, 2009 to shareholders of record as of the close of business on September 1, 2009.
Spartan Stores, Inc. Comments On FY 2010 Earnings Guidance And Comparable Store Sales Guidance
Spartan Stores, Inc. announced that for fiscal 2010, it expects retail comparable store sales to be in the negative low single digit range. The Company expects earnings from continuing operations to decline slightly relative to fiscal 2009 and anticipate growth in EBITDA for fiscal 2010. The Company reported EBIT of $79.77 million and EBITDA of $107.90 million in fiscal 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report EBIT of $75.97 million and EBITDA of $111.08 million for fiscal 2010.
Spartan Stores, Inc. Declares Quarterly Dividend
Spartan Stores, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on June 15, 2009 to shareholders of record as of the close of business on June 1, 2009.
