Porter will oversee food safety, licensing, compliance structure and governance GRAND RAPIDS, Mich., Sept. 30, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the promotion of Kristen Porter to Vice President, Associate General Counsel and Compliance Officer. Porter will oversee the Company's compliance efforts, including the Company's food safety team. Additionally, she will continue to manage the work of the licensing team. SpartanNash has promoted Kr ...

"Being People First includes providing our Associates with development opportunities that allow them to gain hands-on experience with new-to-world technology that sharpens their skills around customer-centric innovation," said Executive Vice President and Chief Strategy and Information Officer Masiar Tayebi. "This event not only shows our investment in our Associates, but in driving the future of grocery to create a better customer experience." The IT Training Palooza featured 50+ sessions covering topics f ...

Weis will oversee finance for the organization's global supply chain GRAND RAPIDS, Mich., Sept. 23, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the promotion of Paul Weis from Director, Financial Planning & Analysis to Vice President, Distribution Finance. Weis will oversee finance for the Company's global supply chain and report to Executive Vice President and Chief Financial Officer Jason Monaco. Paul Weis was named Vice President, Distribution Fi ...

Storm brings CPG marketing experience from Kellogg's and Kellanova to the food solutions company GRAND RAPIDS, Mich., Aug. 26, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced Erin Storm has been hired as Senior Vice President and Chief Marketing Officer. Storm will lead the marketing function, including the OwnBrands portfolio, retail marketing programs, e-commerce and digital experience, creative services, shopper insights and loyalty. Erin Storm has a ...

In-store and online donations made today through Sept. 2 support programming designed to inspire and prepare students for success GRAND RAPIDS, Mich., Aug. 21, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today launched its annual in-store and online fundraiser through the SpartanNash Foundation, benefiting youth education nonprofit Junior Achievement (JA). Students interacting at the JA Finance Park®, which features an immersive grocery storefront, and serves to in ...

SpartanNash Co. (SPTN) delivered second-quarter 2024 results, wherein the top line missed the Zacks Consensus Estimate, whereas the bottom line beat the same. Both metrics declined year over year. However, SpartanNash's execution of transformational initiatives has created a foundation for growth while contributing to year-to-date margin gains. The progression of investments in margin-enhancing programs is pleasing, with expected benefits by the end of 2024. Building on this progress, a Customer Value Propo ...

Financial Data and Key Metrics Changes - Net sales decreased by 3.5% to $2.23 billion compared to $2.31 billion in Q2 2023, primarily due to decreased unit volume in wholesale and retail segments [12][15] - Adjusted EBITDA decreased slightly to $64.5 million, with adjusted EBITDA margin growing in the first half of the year [13][17] - Consolidated net earnings decreased by $8 million to $11.5 million, or $0.34 per diluted share, compared to $0.56 a year ago [17] Business Line Data and Key Metrics Changes - Wholesale net sales decreased by 4.8% to $1.55 billion, with adjusted EBITDA slightly increasing to $41 million [18] - Retail sales slightly decreased to $676 million, with comparable store sales down 2.5% [19] - The newly acquired Metcalfe business is expected to add $100 million in annual revenue [13] Market Data and Key Metrics Changes - The military channel has shown growth for over 10 consecutive quarters, helping to offset pressures in the wholesale segment [12][33] - Food at home inflation and total U.S. grocery sales have decelerated, with overall market growth flat in Q2 [7][12] Company Strategy and Development Direction - The company is focused on transformational initiatives to offset macro pressures and create long-term value, expecting $20 million in run rate benefits by the end of the year [8][12] - The Customer Value Proposition (CVP) pilot aims to enhance freshness, value, and convenience in stores, with early results indicating potential for double-digit growth [10][11] - The company is optimistic about M&A opportunities, seeing a more active pipeline in both wholesale and retail segments [13][48] Management's Comments on Operating Environment and Future Outlook - Management noted that headwinds are greater than anticipated, but long-term strategic initiatives are helping to offset challenging market conditions [11][12] - Inflation is expected to remain modest, with a slight downward trend observed throughout the quarter [32][33] - The company reaffirmed its full-year guidance, expecting sales between $9.5 billion and $9.7 billion [20][21] Other Important Information - The company introduced 400 new own brand products, focusing on value-oriented offerings [5][9] - A donation of 30,000 meals to Feeding America was made following the Annual Food Solutions Expo [6] Q&A Session Summary Question: Customer Value Proposition pilot details - The CVP pilot has been rolled out in two stores, with positive early returns and plans for broader rollout in 2025 [23][24] Question: Own brand penetration and Finest Reserve - The performance of own brands is strong, with the Finest Reserve line seeing growth in both dollar and unit penetration [25][27] Question: Sales volume and promotional environment - Promotional intensity remained stable throughout the quarter, with a slight drag from fading SNAP benefits early in the quarter [29][30] Question: Revenue growth drivers for the second half - Expected drivers include a flattening of declines in the national accounts business and continued growth in the military segment [32][33] Question: Opportunities in the dollar store channel - The company is seeing growth in the dollar channel and is well-positioned to support that growth [52]

Spartan Stores (SPTN) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.46%. A quarter ago, it was expected that this grocery store operator and grocery distributor would post earnings of $0.53 per share when it actually produced earnings of $0.53, delivering no surprise. Over the l ...

FOR IMMEDIATE RELEASE SpartanNash Announces Second Quarter Fiscal 2024 Results Reaffirms Fiscal 2024 Guidance Pilots Customer Value Proposition in Retail Segment GRAND RAPIDS, Mich. – Aug. 15, 2024 – Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today reported financial results for its 12-week second quarter ended July 13, 2024. "The team's execution of our transformational initiatives has created a foundation for future growth while contributing to our margin gains year-to-date," said S ...

"We're thrilled to debut this updated Family Fare, which blends innovative concepts with the familiar, neighborhood feel our store guests know and love," said SpartanNash Executive Vice President and Chief Merchandising Officer Bennett Morgan. "This transformation is informed by extensive shopper data and insights, aimed at enhancing convenience, quality and affordability. Our goal is to create an exceptional shopping experience that stays true to Family Fare's core pillars of freshness, friendliness and va ...