The company celebrates eight independent grocer customers for creating meaningful impact in local communities The 2023-2024 Vision Award Winners with SpartanNash Chief Customer Officer Amy McClellan and SpartanNash CEO Tony Sarsam. The SpartanNash Vision Award winners include: Core Behavior Awards: Leppinks Food Centers: This grocer earned recognition as Michigan Grocer's Outstanding Retailer. With local community sponsorships and annual customer appreciation events, the Leppinks team lives up to the Sparta ...

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. These are only a few of the key metrics included in SpartanNash's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its ...

The in-store fundraiser ran from May 22 to June 10, where store guests at participating SpartanNash-operated retail stores could donate at the register or online checkout. Since 2015, the SpartanNash Foundation, with the help of its communities, has contributed more than $14.1 million to nonprofit organizations. To learn more about the SpartanNash Foundation and its impact, please visit spartannash.com/foundation. CONTACT: Adrienne Chance SVP, Communications SpartanNash [email protected] "By contributing to ...

Here's What Makes the Trend Reversal More Likely for SPTN This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, ...

"As a People First Company, we strive to be the employer of choice, providing careers for a better life by creating a work environment where everyone can do their best work. We deeply appreciate our 17,000 Associates who cultivate our vibrant company culture and dedicate their time and talents to delivering the ingredients for a better life to the communities we serve," said SpartanNash Executive Vice President and Chief Human Resources Officer Nicole Zube, who was recently recognized as a Silver Stevie® Aw ...

Spartan Stores (SPTN) has been on a downward spiral lately with significant selling pressure. After declining 9.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. quest for reaching the old equilibrium of supply and demand. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, f ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried- ...

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 ...

Core Insights - SpartanNash has appointed Graham McIvor as Vice President of Merchandising and Pharmacy to enhance its merchandising transformation and pharmacy operations [1][2][4] Group 1: Appointment and Role - Graham McIvor's role is newly created and aims to accelerate the company's merchandising transformation and drive strategic changes in the pharmacy business [1][3] - McIvor has extensive experience in merchandising, having previously served at Big Lots, Dollar Tree, and Family Dollar [3] Group 2: Strategic Importance - The appointment reflects SpartanNash's commitment to a data-driven and customer-led merchandising transformation to increase sales and margins for wholesale customers and retail stores [4] - The company aims to evolve its retail customer value propositions and support growth ambitions through mergers and acquisitions integration [3] Group 3: Organizational Context - McIvor is the third vice president hired in the merchandising department since the current Chief Merchandising Officer, Bennett Morgan, joined the company in 2022 [5] - Other vice presidents in the merchandising department include Arpen Shah and Brandon Pasch, focusing on strategy and center store merchandising respectively [5] Group 4: Company Overview - SpartanNash operates in two segments: food wholesale and grocery retail, with a workforce of 17,000 associates [6] - The company serves a diverse range of wholesale customers and operates 147 grocery stores under various banners, along with pharmacies and fuel centers [6]

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]