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SpartanNash(SPTN) - 2024 Q1 - Earnings Call Presentation
2024-05-30 17:45
$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) Q1 Earnings Meet Estimates
ZACKS· 2024-05-30 13:11
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 ...
SpartanNash(SPTN) - 2024 Q1 - Quarterly Results
2024-05-30 11:00
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 ...
SpartanNash Announces First Quarter Fiscal 2024 Results
prnewswire.com· 2024-05-30 11:00
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 ...
SpartanNash Declares Quarterly Cash Dividend
Prnewswire· 2024-05-23 11:30
Core Viewpoint - SpartanNash announced a quarterly cash dividend of $0.2175 per common share, reflecting the company's commitment to returning value to shareholders [1]. Company Overview - SpartanNash is a food solutions company with a workforce of 17,000 associates, operating in two main segments: food wholesale and grocery retail [2]. - The company serves a diverse range of wholesale customers, including independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries [2]. - SpartanNash operates 147 grocery stores under various banners, including Family Fare, Martin's Super Markets, and D&W Fresh Market, along with pharmacies and fuel centers [2]. - The company offers a comprehensive suite of support services for independent grocers, leveraging insights across its business segments [2].
SpartanNash Foundation Rallies Support for Heroes with Annual Memorial Day Fundraiser
prnewswire.com· 2024-05-22 12:30
Group 1 - SpartanNash is committed to supporting military heroes, veterans, their families, and disaster-affected individuals through fundraising efforts [1] - Since 2015, the SpartanNash Foundation has contributed over $2.3 million to patriotic and humanitarian causes, with this year's campaign funds being distributed among three nonprofit organizations [1] - The campaign aims to aid in disaster response, honor fallen service members, and provide financial and emotional support to military families [1] Group 2 - Donations can be made at participating SpartanNash-operated retail stores and online, with options to donate $1, $5, $10, or round up totals at checkout [2] - SpartanNash operates two business segments: food wholesale and grocery retail, serving a wide range of customers including independent grocers and U.S. military commissaries [4] - The company operates 147 grocery stores under various banners and offers support services for independent grocers [4]
SpartanNash(SPTN) - 2023 Q4 - Annual Report
2024-02-28 21:10
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 ...
SpartanNash(SPTN) - 2023 Q4 - Earnings Call Transcript
2024-02-15 16:38
Financial Data and Key Metrics Changes - In 2023, the company's net sales increased nearly 1% to $9.73 billion, despite a 2% reduction in sales due to the Amazon business [6][84] - Adjusted EBITDA grew by 6% in 2023, reaching $257 million, compared to $243 million in the prior year [80] - The company reported net earnings of $52.2 million, a 51% increase from $34.5 million in 2022 [84] - The gross profit for Q4 was $339 million, representing 15.1% of net sales, compared to $341 million or 14.8% in the prior year [59] Business Line Data and Key Metrics Changes - Retail segment sales for Q4 were $647 million, down from $678 million in Q4 2022, with comparable store sales decreasing by 2.8% [13][85] - Wholesale segment net sales decreased by $33 million to $1.6 billion, primarily due to demand changes within the Amazon business [86] - Retail adjusted EBITDA was $13 million, down from $19.9 million in the prior year quarter, impacted by lower volumes and a decline in gross margin [87] Market Data and Key Metrics Changes - The company experienced a drop in demand within its Amazon business, affecting overall sales expectations [83] - Fuel sales in the retail segment were down by more than 19% compared to the prior year quarter, primarily due to lower prices per gallon [13] Company Strategy and Development Direction - The company is focused on growing the top line and capturing additional benefits from transformational initiatives, including automation and AI programs [7][8] - The company expects to capture an additional $50 million to $60 million in benefits from supply chain and merchandising transformations in 2024 [55] - The company is actively evaluating M&A opportunities to enhance its overall business offering [25][42] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the macro environment has changed, but emphasized a strong foundation to adapt to these changes [17][65] - The company expects full-year net sales for 2024 to be in the range of $9.7 billion to $9.9 billion, with adjusted EPS projected between $1.85 to $2.10 per share [15][16] - Management expressed optimism about the consumer returning to stable growth, despite current headwinds [96] Other Important Information - The company improved its turnover rate by more than 9% in 2023, contributing to better associate engagement and productivity [5][53] - The company maintained strong liquidity, providing flexibility for both organic and inorganic investments [84][61] Q&A Session Summary Question: Follow-up on additional headwinds and 2024 guidance - Management reiterated commitment to achieving $300 million of EBITDA by 2025, while acknowledging uncontrollable external factors [20] Question: Insights on the Wholesale business performance - Management noted that the Wholesale business is performing well, with military and national accounts showing strong growth [30] Question: Clarification on gross profit trends - Management explained that gross profit trends are influenced by inflation-related price gains and ongoing transformational programs [44] Question: Impact of fuel sales on Retail segment - Management indicated that lower fuel sales had a $20 million drag on the top line, with a $4 million impact on the bottom line due to lower margins [106] Question: Expectations for inflation and supplier promotions - Management projected a modest food inflation assumption of about 1% for 2024, with expectations of stabilizing inflation levels [110]
SpartanNash(SPTN) - 2023 Q4 - Earnings Call Presentation
2024-02-15 13:20
Fourth Quarter and Fiscal 2023 Supplemental Financial Information February 15, 2024 | --- | --- | --- | --- | |----------------------------------------------------------------|-----------------------------|-----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------| | A Complementary Intersection Between | | | Nasdaq: SPTN | | Two Highly Synergistic Se ...
SpartanNash(SPTN) - 2023 Q3 - Earnings Call Transcript
2023-11-08 17:16
Corporate Participants Operator Good morning and welcome to the SpartanNash company third quarter 2023 earnings conference call. On the call today from the company, our President and Chief Executive Officer, Tony Sarsam; and Executive Vice President and Chief Financial Officer, Jason Monaco. By now everyone should have access to the earnings release, which was issued this morning at approximately 7 a.m. Eastern time. For a copy of the earnings release, as well as the company's supplemental earnings presenta ...