Nash Finch Co. Earnings: Here’s Why the Stock is Down Now

Nash Finch Co. (NASDAQ:NAFC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.44%.

Nash Finch Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.67% to $0.64 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Rose 10.25% to $1.2 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Nash Finch Co. reported adjusted EPS income of $0.64 per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $1.14 billion.

Quoting Management: “We are pleased to report strong sales growth across all three of our business segments in the second quarter. The strategic investments made last year are now becoming evident in our top-line,” said Alec Covington, President and CEO of Nash Finch. “Consolidated EBITDA came in relatively flat as expected compared to the prior year. We will continue to see pressure on the military segment gross margin until the fourth quarter when we cycle the reductions made to contractual margin rates.”

Key Stats (on next page)…

Revenue increased 10.1% from $1.09 billion in the previous quarter. EPS increased 220% from $0.20 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.91 and has not changed. For the current year, the average estimate has moved up from a profit of $1.88 to a profit of $1.90 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]