Food solutions company SpartanNash took over the DeVos Place convention center in downtown Grand Rapids to host its largest-ever annual Associate volunteer event, Helping Hands Day, benefiting disaster relief nonprofit Convoy of Hope. GRAND RAPIDS, Mich., June 11, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) took over the DeVos Place convention center in downtown Grand Rapids to host its largest-ever annual Associate volunteer event, Helping Hands Day, benefiting di ...

About SpartanNash Strategic hire illustrates the Company's investment in its merchandising transformation and pharmacy operations GRAND RAPIDS, Mich., June 3, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the appointment of Graham McIvor as Vice President, Merchandising and Pharmacy, effective immediately. In this newly created role, McIvor will accelerate critical components of the Company's merchandising transformation and drive the strategic transf ...

Financial Data and Key Metrics Changes - Net sales decreased by 3.5% to $2.81 billion compared to $2.91 billion in Q1 2023, attributed to decreased unit volume in both Wholesale and Retail segments [9][70] - Adjusted EBITDA decreased by $1.8 million to $74.9 million, but adjusted EBITDA margin expanded by 3 basis points [10][68] - Consolidated net earnings increased by $1.6 million to $13 million, or $0.37 per diluted share, compared to $0.32 a year ago [105] Business Line Data and Key Metrics Changes - Wholesale segment revenue decreased by $72 million or 3.4% to $2 billion, impacted by a 4.5% decline in Amazon business [87][83] - Retail segment sales fell to $792 million from $822 million, a decline of 3.6%, with comparable store sales down 2.5% [70][68] - Retail adjusted EBITDA decreased to $17.3 million from $19.3 million due to lower volume and increased investments [106] Market Data and Key Metrics Changes - The military business saw over a 2% increase compared to the prior year, while fuel sales decreased by $5.3 million or 10% [83][70] - Weather conditions negatively impacted retail revenue, with an estimated drag of about 1% on comparable sales due to a dry winter [25] Company Strategy and Development Direction - The company is on track to achieve $125 million to $150 million in gross benefits from strategic initiatives by the end of 2024, a year earlier than planned [5] - Investments are being made in supply chain optimization and merchandising transformation, with a focus on indirect procurement and waste reduction [71][41] - The company is enhancing its customer value proposition through loyalty programs and analytics to improve profitability [65][66] Management's Comments on Operating Environment and Future Outlook - Management remains confident in achieving profitability goals despite market headwinds and is optimistic about the benefits from ongoing transformational initiatives [12][88] - The outlook for adjusted EBITDA remains in the range of $255 million to $270 million, with adjusted EPS expected between $1.85 and $2.10 per share [32][88] - The company acknowledges external factors such as weather and government programs affecting performance but maintains a positive outlook for the year [25][26] Other Important Information - The company welcomed 106 college interns as part of its people-first culture and strategy to develop talent [13] - The acquisition of Metcalfe's Market is expected to strengthen the retail footprint in Wisconsin [81] Q&A Session All Questions and Answers Question: Can you provide insights on the split of strategic margin-enhancing initiatives? - The company did not provide a specific split but indicated that merchandising initiatives are a key profitability driver, with benefits expected to accelerate [18][39] Question: How will investments in indirect procurement and waste impact profitability? - Management confirmed that these investments will impact profitability in the short term but are expected to yield benefits in the second half of the year [20][41] Question: What is the impact of weather on sales? - Weather had a significant impact, with an estimated drag of about 1% on comparable sales due to a dry winter [25] Question: How is the company addressing pricing and vendor engagement? - The company is seeing improved vendor participation and is optimizing pricing strategies to enhance competitiveness [26][49] Question: What is the outlook for the Amazon business? - The Amazon business is expected to continue facing challenges, with a significant decline impacting overall wholesale revenue [56][57]

$125B Addressable Market(1) ~94% Opportunity Creating Food Significant Value Being Generated through Turnaround Plan © Copyright 2024 SpartanNash. (1) Through $2.6 million in share repurchases and $8.1 million in dividends. (2) A reconciliation of net earnings to adjusted EBITDA, a non-GAAP financial measure, and calculation of adjusted EBITDA margin is provided in the Appendix. Fiscal 2023 | --- | --- | --- | --- | --- | --- | |-------|--------------------|----------------|-------|--------------------|---- ...

Spartan Stores (SPTN) came out with quarterly earnings of $0.53 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.64 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 $0.38 per share when it actually produced earnings of $0.35, delivering a surprise of -7.89%. Over the last four quarters, the company has surpassed consensus EPS estimates j ...

Exhibit 99.1 FOR IMMEDIATE RELEASE SpartanNash Announces First Quarter Fiscal 2024 Results Reaffirms Fiscal 2024 Profitability Guidance Transformational Programs Continue to Drive Results GRAND RAPIDS, Mich. – May 30, 2024 – Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today reported financial results for its 16-week first quarter ended April 20, 2024. "SpartanNash continues to prove that we can deliver despite the challenging market dynamics, and we remain on target to reach the $125 t ...

Reaffirms Fiscal 2024 Profitability Guidance Transformational Programs Continue to Drive Results GRAND RAPIDS, Mich., May 30, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today reported financial results for its 16-week first quarter ended April 20, 2024. "SpartanNash continues to prove that we can deliver despite the challenging market dynamics, and we remain on target to reach the $125 to $150 million of gross benefits set out in our strategic plan by the end of 2 ...

GRAND RAPIDS, Mich., May 23, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced that on May 22, 2024, its Board of Directors approved a quarterly cash dividend of $0.2175 per common share. The dividend will be paid on June 28, 2024, to shareholders of record as of the close of business on June 14, 2024. As of May 21, 2024, there were 33,953,593 common shares outstanding. About SpartanNash SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers ...

"SpartanNash is deeply committed to supporting our military heroes, veterans, their families, and those affected by disasters," said SpartanNash Senior Vice President of Communications and SpartanNash Foundation Executive Director Adrienne Chance. "This fundraiser embodies the spirit of Memorial Day, allowing us to give back to those who have given so much. Our partners, Honor and Remember, Operation Homefront and Convoy of Hope, provide vital services, and we are honored to support their missions." Since 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 30, 2023. OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 000-31127 SPARTANNASH COMPANY (Exact Name of Registrant as Specified in Its Charter) Michigan 38-0593940 (State or Other Jurisdiction) of Incorp ...