Company's partnership with Trex® and Home Repair Services highlights how plastic grocery bags can be converted into accessibility ramps for Veterans' homesGRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) once again joined forces with Home Repair Services and Trex® Company in honor of Earth Day, transforming plastic grocery bags recycled at Company-operated stores into accessibility ramps for Veterans in need.  The accessibility ramp – ...

Mahabir will oversee nearly 200 grocery stores in 10 states, bringing experience from Meijer, Lowe's and TargetGRAND RAPIDS, Mich., April 21, 2025 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) today announced Jay Mahabir has been named Vice President, Retail Operations, effective immediately. Mahabir will oversee retail operations at nearly 200 SpartanNash-operated stores in 10 states. He will be focused on leading an excellent in-store and online experience for Associat ...

Company celebrates its signature Helping Hands Day in support of nonprofit partner Convoy of Hope with $1.7 million in product donations and a $100,000 check to aid disaster relief effortsGRAND RAPIDS, Mich., April 17, 2025 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) advanced its commitment to disaster relief by mobilizing 850 volunteers for its annual Helping Hands Day. This year, the company packed 500,000 meals and 5,000 hygiene kits, an estimated retail value of $1 ...

Group 1 - SpartanNash has launched the Neighborhood Heroes discount program to provide affordable grocery shopping for community members dedicated to service and education [1][2] - Eligible neighborhood heroes can verify their status online and receive a promotional code for a yearlong membership at SpartanNash-operated stores [1] - The company emphasizes its mission to deliver essential ingredients for a better life while supporting community members through exclusive savings on groceries and fuel [1][3] Group 2 - SpartanNash operates as a food solutions company with a workforce of 20,000 associates and two main business segments: food wholesale and grocery retail [3] - The company serves a diverse range of wholesale customers, including independent grocers, national retail brands, and U.S. military commissaries [3] - SpartanNash operates nearly 200 grocery stores under various banners, including Family Fare, Martin's Super Markets, and D&W Fresh Market, along with pharmacies and fuel centers [3] Group 3 - The Neighborhood Heroes program includes benefits such as unlimited free grocery pickup, 10% off online purchases of Our Family® brand products, and 50% off delivery fees on orders over $50 [4] - Members also receive an extra 10 cents off fuel with every online order at participating fuel centers and exclusive monthly savings [4]

Core Insights - SpartanNash emphasizes a "People First" culture, focusing on the growth and well-being of its associates while positively impacting communities [1][2] Group 1: Corporate Responsibility Highlights - Achieved a Total Recordable Incident Rate (TRIR) of 2.0, marking a 25% year-over-year reduction and an 83% decrease in lost-time incidents since 2020 [3] - Reduced employee turnover by 7% and increased 90-day new hire retention by 4% compared to 2023 [3] - Hosted a large-scale volunteer event packing 500,000 meals for individuals affected by natural disasters [3] - Launched a daycare subsidy program to assist associates with childcare expenses [3] Group 2: Recognition and Awards - Won the 2024 Theo Award for excellence in injury reduction, safety improvements, and return-to-work efficiencies [3] - Recognized as a Great Place to Work®, U.S. News & World Report® Best Company to Work for, and a Best & Brightest® Company to Work for in the nation [3] Group 3: Talent Development Initiatives - Provided leadership development training through partnerships with DiSC, Korn Ferry, LinkedIn Learning, and Skillsoft [3] - Welcomed 106 interns from 38 colleges, successfully converting several into full-time associates [3]

Core Insights - SpartanNash announced a quarterly cash dividend of $0.22 per common share, marking a 1.1% increase from the previous fiscal year's dividend of $0.2175 [1] - The dividend payment is scheduled for April 2, 2025, to shareholders of record as of March 21, 2025 [1] - As of March 10, 2025, SpartanNash had 33,689,005 common shares outstanding [1] Company Overview - SpartanNash is a food solutions company with a workforce of 20,000 associates, emphasizing a People First culture [2] - The company operates in two main segments: food wholesale and grocery retail, serving a diverse range of customers including independent grocers, national retail brands, and U.S. military commissaries [2] - SpartanNash distributes a wide variety of products across grocery store aisles, including fresh produce and household goods, and has its OwnBrands like the Our Family® portfolio [2] - The retail segment includes nearly 200 grocery stores under various banners, along with pharmacies and fuel centers [2] - The company provides a comprehensive suite of support services for independent grocers, leveraging insights across its business segments [2]

Financial Performance - Wholesale segment net sales decreased by $209.9 million, or 3.0%, to $6.71 billion in 2024, primarily due to lower case volumes in national accounts and independent retailers [140]. - Retail segment net sales increased by $30.0 million, or 1.1%, to $2.84 billion in 2024, despite a 1.7% decrease in comparable store sales due to lower consumer demand trends [141]. - The Company reported adjusted EBITDA of $258.5 million for the fiscal year, a slight increase from $257.4 million in the prior year [137]. - Gross profit increased by $26.9 million, or 1.8%, to $1.51 billion, with the gross profit margin improving from 15.3% to 15.8% [143]. - Operating earnings decreased by $52.8 million, or 49.4%, to $54.0 million, driven by changes in net sales, gross profit, and operating expenses [148]. - Adjusted earnings from continuing operations for 2024 were $69,286,000, with an adjusted EPS of $2.03, down from $76,012,000 and $2.18 in 2023, indicating a decline of 8.3% [167]. - Net earnings for 2024 were $299,000, a significant decrease from $52,237,000 in 2023, representing a decline of approximately 99.43% [173]. - Adjusted EBITDA for 2024 was $258,486,000, slightly up from $257,401,000 in 2023, indicating a growth of about 0.42% [173]. Expenses and Impairments - Selling, general and administrative expenses rose by $15.1 million, or 1.1%, to $1.38 billion, increasing as a percentage of net sales from 14.0% to 14.5% [144]. - The Company incurred $45.7 million in goodwill impairment charges within the Retail segment due to competitive pressures impacting cash flow trends [146]. - Interest expense increased by $4.9 million, or 12.4%, to $44.8 million, attributed to a higher average debt balance, with total debt rising to $753.8 million [151]. - The effective income tax rate for 2024 was 97.3%, significantly higher than 25.5% in 2023, primarily due to non-deductible goodwill impairment and state taxes [152]. - Restructuring and goodwill/asset impairment costs increased to $74,107,000 in 2024 from $9,190,000 in 2023, indicating a substantial rise of 706.5% [162]. - The company recorded non-cash goodwill impairment charges of $45.7 million related to the retail reporting unit in 2024 [185]. - Impairments of long-lived assets were $8.2 million in 2024, compared to $11.7 million in 2023 and $5.1 million in 2022 [188]. Cash Flow and Investments - Net cash provided by operating activities increased by $116.6 million in 2024 compared to 2023, totaling $205.9 million [196]. - Net cash used in investing activities rose by $130.5 million in 2024, primarily due to acquisitions in the Retail segment and increased capital expenditures, totaling $247.0 million [197]. - Capital expenditures for 2024 were $132.4 million, with 50% allocated to both Wholesale and Retail segments, compared to $120.3 million in the prior year [198]. Debt and Dividends - Long-term debt and finance lease liabilities increased by $156.3 million to $753.8 million as of December 28, 2024, driven by additional borrowings for acquisitions and capital expenditures [200]. - The Company's current ratio was 1.57:1 at December 28, 2024, down from 1.63:1 at December 30, 2023 [202]. - Net long-term debt increased to $732.2 million as of December 28, 2024, compared to $579.5 million at December 30, 2023 [204]. - The Company declared quarterly cash dividends of $0.2175 per share in 2024, up from $0.215 in 2023 [206]. Segment Performance - The company’s adjusted operating earnings for the wholesale segment in 2024 were $120,966,000, an increase of 6.4% from $113,384,000 in 2023 [162]. - The retail segment reported adjusted operating earnings of $17,875,000 in 2024, a decrease of 37.6% from $28,589,000 in 2023, indicating challenges in retail operations [162]. - Operating earnings in the wholesale segment increased to $97,423,000 in 2024 from $87,701,000 in 2023, reflecting a growth of approximately 19.6% [173]. - The retail segment reported an operating loss of $43,462,000 in 2024, compared to a profit of $19,011,000 in 2023, marking a decline of 328.8% [173]. - The company’s adjusted EBITDA for the retail segment was $71,280,000 in 2024, down from $79,510,000 in 2023, a decrease of approximately 2.5% [173]. Other Financial Metrics - The company incurred LIFO expenses of $5,167,000 in 2024, down from $16,104,000 in 2023, showing a significant reduction of 67.8% [162]. - Depreciation and amortization expenses increased to $103,412,000 in 2024 from $98,639,000 in 2023, representing a rise of about 4.8% [173]. - The company’s income tax expense decreased to $10,726,000 in 2024 from $17,888,000 in 2023, a reduction of approximately 40.0% [173]. - The company’s total other expenses, net, increased to $42,936,000 in 2024 from $36,587,000 in 2023, indicating an increase of about 17.4% [173]. - A hypothetical 0.50% increase in interest rates would increase annual interest expense by approximately $3.1 million [209]. - The estimated fair value of the Company's fixed rate long-term debt was less than book value by approximately $2.1 million as of December 28, 2024 [211].

Group 1 - SpartanNash Company (NASDAQ: SPTN) experienced a significant positive impact on its share price on February 12th, benefiting shareholders [1] - The company specializes in food distribution, focusing on supplying food to a network of supermarkets and fuel stations [1] Group 2 - Crude Value Insights provides an investment service and community centered on the oil and natural gas sector, emphasizing cash flow and the companies that generate it [1] - The service aims to identify value and growth prospects within the industry [1]

Financial Data and Key Metrics Changes - Full year net sales decreased by less than 2% to $9.55 billion, but Q4 sales increased by more than 70 basis points compared to the prior year quarter [12][28] - Adjusted EBITDA for the year reached a record $258 million, with Q4 adjusted EBITDA increasing by more than 9% compared to the prior year quarter [16][31] - The company generated $206 million in cash from operating activities, representing a 130% increase compared to fiscal 2023 [24] Business Line Data and Key Metrics Changes - Retail net sales increased over 100 basis points to more than $2.84 billion, with incremental sales from acquired stores offsetting softer demand in existing stores [13] - Wholesale net sales were over $6.7 billion, with a 2.1% decrease in Q4 compared to the prior year quarter due to reduced case volumes [14][33] - Retail adjusted EBITDA increased to $14.8 million compared to $13 million in the prior year's quarter, while wholesale adjusted EBITDA was $43.8 million, an increase of 7.7% [36][35] Market Data and Key Metrics Changes - The grocery industry is expected to grow at around 1.5% in 2025, with inflation returning to pre-pandemic conditions at around low single digits [10][9] - The military sales channel has grown for 12 consecutive quarters, indicating a strong performance in this unique segment [15] Company Strategy and Development Direction - The company is focusing on capturing market share through its wholesale and retail segments, leveraging their complementary nature [10][11] - Key growth initiatives include expanding remodel capital deployment, enhancing convenience store operations, and growing the ethnic store footprint [19][65] - The company is actively pursuing M&A opportunities to improve the retail segment and maximize shareholder value [22][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic plan, highlighting a return to growth and the successful execution of their Master Action Plan [48] - The company anticipates a challenging market environment in 2025 but expects to achieve net sales of $9.8 billion to $10 billion, with adjusted EBITDA projected between $263 million and $278 million [40][42] Other Important Information - The company took a goodwill impairment charge in the quarter, which was attributed to underperformance in the legacy retail business [18][29] - The leverage ratio of net long-term debt to adjusted EBITDA increased to 2.8x due to recent acquisitions [38] Q&A Session Summary Question: Can you provide details on sales, volumes, and inflation perspectives? - Management noted that foot traffic was roughly flat, with positive trends in Michigan and overall stability in customer demand [52][54] Question: How does the 2025 guidance look when excluding acquisitions? - The guidance implies flattish organic growth, with expectations of modest inflation around 1% [57][60] Question: What are the growth opportunities in the ethnic store footprint? - The company plans to double its ethnic store footprint and sees significant long-term growth potential in this segment [63][65] Question: What is the sentiment in the M&A market? - Management indicated a mix of operators looking to exit and those wanting to continue running their businesses, with ongoing engagement in M&A discussions [79][81]

Fourth Quarter and Fiscal 2024 Supplemental Financial Information February 12, 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, obje ...