Third annual Our Family® Scholarship program awards 25 $2,500 scholarships to students making a differenceGRAND RAPIDS, Mich., Dec. 16, 2024 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) today announced the recipients of its 2024 Our Family® Scholarship. This year, the Company set a new record by awarding 25 students with $2,500 scholarships in recognition of outstanding service to their local communities. SpartanNash awarded 25 students with $2,500 scholarships in re ...

Financial Data and Key Metrics Changes - Consolidated net sales decreased by 0.6% to $2.25 billion compared to $2.26 billion in Q3 2023 [15] - Adjusted EBITDA was $60.5 million, with an adjusted EBITDA margin of 2.7%, flat compared to the previous year [12][17] - Consolidated net earnings decreased by $200,000 to $10.9 million, while EPS remained flat at $0.32 per diluted share [17] Business Line Data and Key Metrics Changes - Wholesale segment net sales decreased by 1.6% to $1.58 billion, primarily due to reduced case volumes [18] - Retail segment sales grew by 1.9% to $675 million, driven by contributions from recently acquired Metcalfe's [20] - Comparable store sales in the Retail segment were down 0.7%, but same-store sales improved sequentially [11] Market Data and Key Metrics Changes - The grocery markets where the company operates grew only 40 basis points compared to Q3 2023, while total U.S. grocery was up about 1.1% [8] - The military channel within the Wholesale segment has seen sales growth for 11 consecutive quarters [10] Company Strategy and Development Direction - The company is focused on a "people first" culture and has improved its total retention rate by nearly 20% since launching its strategic plan [5] - Recent acquisitions, including Fresh Encounter and Markham Enterprises, are expected to enhance the company's retail footprint and fuel distribution capabilities [6][7] - The company plans to continue evaluating M&A opportunities to maximize shareholder value [7] Management's Comments on Operating Environment and Future Outlook - Management expects macroeconomic headwinds to persist into 2025, impacting previously communicated targets [9] - The company is taking a practical approach to mitigate these pressures while driving results and growing shareholder value [9] - For fiscal 2025, the company anticipates low single-digit top-line growth and mid-single-digit adjusted EBITDA growth [25] Other Important Information - The company has generated $123.3 million in cash from operating activities year-to-date, an increase of over 28% compared to the same period last year [21] - The leverage ratio of net long-term debt to adjusted EBITDA increased to 2.4 times [21] - The company updated its full-year guidance, expecting net sales to be between $9.5 billion and $9.7 billion [22] Q&A Session Summary Question: Strategic importance of the Markham acquisition in fuel distribution - Management highlighted the stability and good margins of fuel distribution, indicating plans for further expansion in this area [32][34] Question: Performance of private label products - The company reported stable performance in private label penetration, maintaining strong levels and seeing progress in premium offerings [35] Question: Timing and rationale behind recent acquisitions - Management indicated that the timing was right for both acquisitions, emphasizing long-standing relationships with the previous owners [38][39] Question: Update on Amazon Fresh business - Management noted improvements in stability but does not expect significant growth from this segment in the near future [41] Question: Consumer behavior and sales volume updates - Management observed sequential improvement in retail sales and is focusing on pricing strategies to enhance consumer value [43][45] Question: Digital capabilities and customer demand - The company is expanding its digital offerings and has seen increased interest from customers in electronic shelf labels and enhanced media [46][49] Question: Addressing industry trends and future M&A - Management is focusing on local and specialty products to meet consumer demand and is considering these factors in future acquisitions [53][54] Question: Anticipated promotional activity from CPGs - Management expects increased promotional activity and is working closely with suppliers to find effective pricing strategies [56][58]

Spartan Stores (SPTN) came out with quarterly earnings of $0.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this grocery store operator and grocery distributor would post earnings of $0.52 per share when it actually produced earnings of $0.59, delivering a surprise of 13.46%.Over the last four quarters, the company has surpassed consensus EPS estimates jus ...

Updates Fiscal 2024 Guidance and Provides Preview of Fiscal 2025Retail Segment Sales Increased 1.9% Supported by Inorganic GrowthGRAND RAPIDS, Mich., Nov. 7, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today reported financial results for its 12-week third quarter ended October 5, 2024."Our team made significant progress on our strategic plans this past quarter, while sustaining profitability in a complex environment," said SpartanNash President and CEO Tony Sarsam ...

Barry brings retail strategy and operations experience from Kroger, Target, Old Navy and LululemonGRAND RAPIDS, Mich., Nov. 4, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced Djouma Barry has been hired as Senior Vice President and Chief Retail Officer. Barry is stepping into the position preceded by Executive Vice President, Corporate Retail Thomas Swanson as Swanson will exit and transition into a consulting arrangement at the end of year. Barry will ...

Generous contributions from local community members will empower students throughout the region GRAND RAPIDS, Mich., Oct. 30, 2024 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) and the SpartanNash Foundation are celebrating the success of the second annual in-store and online fundraiser to support Junior Achievement (JA), a youth education nonprofit. Junior Achievement provides lessons in financial literacy, work and career readiness, and entrepreneurship to young people ...

Food solutions company announces its second acquisition this month, now adding three fuel centers and convenience stores to retail footprint GRAND RAPIDS, Mich., Oct. 29, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced that it has entered into an Asset Purchase Agreement with Markham Enterprises, Markham Oil and its affiliates, a three-store chain of convenience stores and fuel distributor in mid-Michigan. Following the closing of this transaction in ea ...

Company aims to raise $300,000 to support food pantries across nine states GRAND RAPIDS, Mich., Oct. 25, 2024 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) has launched its eighth annual fundraiser to support local food pantries across the Midwest this holiday season. Running through Nov. 3, the campaign aims to raise $300,000, with 100% of donations staying in the communities where they are collected. SpartanNash has launched its eighth annual fundraiser to support loca ...

GRAND RAPIDS, Mich., Oct. 24, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) will announce its financial results before the stock market opens on Thursday, Nov. 7, 2024, for the 12-week third quarter ended Oct. 5, 2024. The Company will host a conference call to discuss its quarterly results with additional comments and details on Thursday, Nov. 7, 2024, at 8:30 a.m. ET. There will also be a simultaneous, live webcast made available at SpartanNash's website at spartan ...

The 49-store chain with locations in Ohio, Indiana and Kentucky has been a SpartanNash independent grocer customer for 58 years GRAND RAPIDS, Mich., Oct. 14, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced its acquisition of Fresh Encounter Inc. ("FEI"), a 49-store supermarket chain serving Ohio, Indiana and Kentucky. Owned by third-generation grocers Michael Needler Jr. and Julie Anderson, FEI has been a food distribution customer of SpartanNash for 58 ...