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From Checkout to Compassion: SpartanNash Foundation Grants $330,000 to Nonprofit Partners
Prnewswire· 2025-07-09 15:00
Core Points - SpartanNash and the SpartanNash Foundation raised $330,000 through the annual Heroes fundraiser to support military families, Veterans, and communities in need [1][2][3] - The fundraiser took place from May 21 to June 23, uniting store guests and Associates across SpartanNash's retail footprint [2][3] - Each of the three nonprofit partners, Folds of Honor, Operation Homefront, and Convoy of Hope, will receive a donation of $110,000 [1][4] Company Overview - SpartanNash is a food solutions company operating in two business segments: food wholesale and grocery retail [8] - The company employs approximately 20,000 Associates and operates nearly 200 grocery stores under various banners, including Family Fare, Martin's Super Markets, and D&W Fresh Market [8][9] - SpartanNash's global supply chain network serves a diverse range of customers, including independent grocers, national retail brands, and U.S. military commissaries [8]
$HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of SpartanNash Company (NASDAQ: SPTN)
GlobeNewswire News Room· 2025-07-01 18:51
Core Viewpoint - Monteverde & Associates PC is investigating the fairness of SpartanNash Company's sale to C&S Wholesale Grocers for $26.90 per share in cash, raising questions about the deal's equity for shareholders [1]. Group 1: Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has recovered millions for shareholders [1]. - The firm is located in the Empire State Building, New York City, and specializes in class action securities litigation [2]. Group 2: Legal Investigation - The investigation focuses on SpartanNash Company's sale to C&S Wholesale Grocers, questioning whether the cash offer of $26.90 per share is fair for shareholders [1]. - The firm encourages shareholders with concerns to reach out for additional information at no cost [3].
SpartanNash(SPTN) - 2025 Q1 - Earnings Call Transcript
2025-05-29 13:32
SpartanNash Company (SPTN) Q1 2025 Earnings Call May 29, 2025 08:30 AM ET Company Participants Kayleigh Campbell - Head - Investor RelationsTony Sarsam - President and CEOJason Monaco - EVP & CFOBenjamin Wood - VP - Equity ResearchPeter Saleh - MD - RestaurantsScott Mushkin - Founder, CEO, Managing Partner & Director of Research Conference Call Participants Chuck Cerankosky - Managing Director & Research AnalystAlexander Slagle - Stock AnalystAndrew Wolf - SVP & Senior Research Analyst Operator Thank you fo ...
SpartanNash(SPTN) - 2025 Q1 - Earnings Call Transcript
2025-05-29 13:30
Financial Data and Key Metrics Changes - The company reported a record adjusted EBITDA of nearly $77 million for Q1 2025, a 2.6% increase compared to Q1 2024's adjusted EBITDA of $74.9 million [6][21] - Consolidated net sales increased by 3.7% to over $2.9 billion compared to $2.8 billion in Q1 2024 [7][20] - Gross profit for the quarter rose to $481 million, representing 16.5% of net sales, up from 15.7% in the prior year [20] Business Line Data and Key Metrics Changes - Retail segment sales grew by 19.6% to $947.2 million, driven by recent acquisitions and a 1.6% increase in comparable store sales [23] - Wholesale segment net sales were nearly $2 billion, with military channel sales growing for 13 consecutive quarters, although there was softness in national accounts [9][22] - Retail adjusted EBITDA decreased to $15.1 million from $17.3 million in the prior year due to higher labor and occupancy costs [23] Market Data and Key Metrics Changes - The company experienced an 80 basis point headwind in comparable store sales due to temporary store closures from an ice storm [8][50] - Food at home inflation expectations were revised to 2% for the fiscal year, up from a previous expectation of 1% [28][72] Company Strategy and Development Direction - The company is focusing on a cost leadership program expected to deliver $50 million in annual benefits, with $20 million anticipated in the current year [11][19] - The strategic plan aims to unlock the potential of the retail business, with initiatives improving execution and enhancing the shopper experience [12][30] - Expansion plans include increasing capital deployment into store remodels, convenience store sector growth, and expanding the Hispanic food market footprint [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 targets despite challenging market conditions, reaffirming yearly guidance [16][25] - The company noted that inflationary pressures are stable, with a slight upward trend in food prices [72] - Management highlighted the importance of adapting to consumer trends, including a focus on health and value [80][82] Other Important Information - The company generated $25.8 million in cash from operating activities during the quarter, down from $36.5 million in Q1 2024 [24] - Liquidity at the end of the quarter was approximately $270 million, providing capacity for strategic growth plans [25] Q&A Session Summary Question: Expansion of Hispanic store format - The company currently has four Super Mercado stores in Omaha and plans to open two to three more in the Midwest this year [33][34] Question: Performance of newly acquired stores - Newly acquired Hispanic stores have shown strong performance, leading in both top and bottom line metrics [38] Question: Cost leadership program details - The cost leadership program is expected to deliver $20 million in benefits this year, with most impacts seen in the second half [45][46] Question: Retail profitability pressures in Q1 - The ice storm and pharmacy-related pressures significantly impacted profitability, with losses estimated between $1 million to $2 million due to spoilage [52][54] Question: Competitive environment differences - The company noted similar promotional activities in both wholesale and retail segments, with a strong military business performance [58][61] Question: Food at home inflation expectations - The increase to a 2% inflation expectation reflects a gradual upward trend in the marketplace [72][73] Question: Impact of food stamp changes - The impact from changes in food stamps was slightly negative in Q1, but not significantly amplified due to a low proportion of shoppers using SNAP [85] Question: M&A activity outlook - The company remains open to acquisition opportunities, actively seeking both smaller tuck-in acquisitions and larger opportunities [87]
Spartan Stores (SPTN) Lags Q1 Earnings Estimates
ZACKS· 2025-05-29 13:10
Group 1 - Spartan Stores reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.46 per share, and down from $0.53 per share a year ago, representing an earnings surprise of -23.91% [1] - The company posted revenues of $2.91 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.35% and up from $2.81 billion year-over-year [2] - Over the last four quarters, Spartan Stores has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary on the earnings call and the sustainability of earnings expectations [3][4] - Spartan Stores shares have increased approximately 6.3% since the beginning of the year, outperforming the S&P 500's gain of 0.1% [3] - The current consensus EPS estimate for the coming quarter is $0.52 on revenues of $2.29 billion, and for the current fiscal year, it is $1.77 on revenues of $9.9 billion [7] Group 3 - The Zacks Industry Rank for Food - Natural Foods Products is currently in the top 24% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Spartan Stores is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]
SpartanNash(SPTN) - 2025 Q1 - Earnings Call Presentation
2025-05-29 11:06
First Quarter 2025 Supplemental Financial Information May 29, 2025 1 General Disclaimer Forward-Looking Statements The matters discussed in this presentation, in the Company's press releases, and in the Company's website-accessible conference calls with analysts include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), about the plans, strategies, objectives, goals or ...
SpartanNash(SPTN) - 2025 Q1 - Quarterly Results
2025-05-29 11:00
FOR IMMEDIATE RELEASE SpartanNash Announces First Quarter Fiscal 2025 Results Sales Growth of 3.7%, Included a 1.6% Increase in Retail Comparable Store Sales Reaffirms Fiscal 2025 Guidance GRAND RAPIDS, Mich. – May 29, 2025 – Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) today reported financial results for its 16-week first quarter ended April 19, 2025. "We continue to execute on our strategic initiatives and deliver on our commitments. SpartanNash hit the ground running in 2025, posti ...
SpartanNash Announces First Quarter Fiscal 2025 Results
Prnewswire· 2025-05-29 11:00
Core Insights - SpartanNash reported a sales growth of 3.7% in the first quarter of fiscal 2025, with net sales reaching $2.91 billion, driven by a 19.6% increase in the Retail segment [7][2] - The company reaffirmed its fiscal 2025 guidance, projecting total net sales between $9.8 billion and $10 billion [6][2] - Adjusted EBITDA for the quarter was $76.9 million, an increase from $74.9 million in the previous year, reflecting operational improvements [7][2] Financial Performance - Net sales increased to $2.91 billion, with the Retail segment contributing $947.2 million, a 19.6% increase, while the Wholesale segment saw a decrease of 2.6% to $1.96 billion [7][2] - Net earnings were reported at $2.1 million, or $0.06 per diluted share, down from $13 million, or $0.37 per diluted share, in the prior year [7][2] - Adjusted EPS decreased to $0.35 from $0.53 year-over-year, impacted by increased depreciation and organizational realignment expenses [7][2][26] Operational Highlights - The company achieved record adjusted EBITDA, attributed to strong Wholesale margins and positive comparable store sales [2][7] - Cash generated from operating activities was $25.8 million, down from $36.5 million in the previous year [7][2] - Capital expenditures and IT capital totaled $34.6 million, a decrease from $44.1 million year-over-year [7][2] Strategic Outlook - SpartanNash's strategic initiatives are expected to continue driving growth, with confidence in achieving the 2025 guidance [2][6] - The company anticipates that the additional 53rd week in fiscal 2025 will contribute approximately $0.2 billion in net sales and $4 million in adjusted EBITDA [8][6] - The focus on operational excellence and recent retail acquisitions is expected to enhance performance in the upcoming quarters [2][6]
SpartanNash Names Matt Plumb Vice President, Marketing, Retail Banners
Prnewswire· 2025-05-19 15:00
Core Insights - SpartanNash has appointed Matt Plumb as Vice President, Marketing, Retail Banners, to lead shopper-focused marketing strategies for its nearly 200 retail stores [1][2] - The new role aims to define brand architecture and create a differentiated shopping experience based on shopper insights for various banners including Family Fare, D&W Fresh Market, and Martin's Super Markets [1][3] Company Overview - SpartanNash operates as a food solutions company with a workforce of approximately 20,000 associates [4] - The company has two main business segments: food wholesale and grocery retail, serving a diverse range of customers including independent grocers and national retail brands [4] - SpartanNash's retail operations include nearly 200 grocery stores and various pharmacies and fuel centers, primarily under the Family Fare, Martin's Super Markets, and D&W Fresh Market banners [4]
Brats & Backyard Vibes: SpartanNash Launches Brat Shop to Meet Rising Demand for Grill Thrills
Prnewswire· 2025-05-15 15:00
Family Fare, D&W Fresh Market and Martin's Super Markets are ready for brat summer 2.0 with new in-store destination devoted to all things bratwurstGRAND RAPIDS, Mich., May 15, 2025 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) is heating up summer grilling season with the launch of its new Brat Shop at all Family Fare®, D&W® Fresh Market and Martin's Super Market stores. The limited-time, in-store destination offers a taste of summer in a bun – featuring classic flavs a ...