$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 ...

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].

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]

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 ...

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]

Fourth Quarter and Fiscal 2023 Supplemental Financial Information February 15, 2024 | --- | --- | --- | --- | |----------------------------------------------------------------|-----------------------------|-----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------| | A Complementary Intersection Between | | | Nasdaq: SPTN | | Two Highly Synergistic Se ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by 6% to $60.9 million from $57.3 million year-over-year, with net earnings rising 17.6% to $11.1 million compared to $9.5 million in Q3 of the previous year [90][91] - Cash flow from operating activities reached nearly $96 million year-to-date, with $41 million returned to shareholders through share repurchases and dividends [20][23] - Interest expense rose by $3.2 million to $9.3 million due to a higher interest rate environment [21] Business Segment Data and Key Metrics Changes - Wholesale segment adjusted EBITDA was $39 million, up from $38.3 million in the prior year, despite a decrease in net sales by $28 million to $1.6 billion [22][92] - Retail segment sales decreased to $662 million from $667 million year-over-year, with comparable store sales growing by 1.2% [109] - Retail adjusted EBITDA increased by $2.9 million to $21.9 million, attributed to marketing innovations and reduced incentive compensation [49] Market Data and Key Metrics Changes - Overall consolidated net sales decreased by 1.4% to $2.26 billion, primarily impacted by the Amazon business [103] - EBT benefits saw a dramatic decline of approximately 40% compared to the previous year, affecting overall business performance [58] - The labor market has stabilized, with a nearly 12% reduction in turnover rate since last November [7] Company Strategy and Development Direction - The company is focused on a "people first" culture and has made significant progress on its long-term strategic plan since 2021, emphasizing transformational initiatives and margin expansion opportunities [24][110] - A merchandising transformation program is being implemented to enhance customer experience and optimize supply chain operations [17][87] - The company aims to renovate or refresh 25% of its stores by 2025, with upmarket stores growing at double the rate of the overall retail portfolio [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth despite industry headwinds, highlighting the importance of adapting to changing consumer behaviors and inflation trends [111] - The company anticipates continued improvements in unit volumes as inflation declines, with a focus on leveraging insights to meet consumer needs [41][74] - Management noted that while inflation is easing, consumers are still feeling the effects of previous high inflation rates, impacting spending behavior [54] Other Important Information - The company has returned nearly $41 million to shareholders year-to-date, with ongoing share repurchase authorizations remaining at approximately $25 million [23][93] - The company is committed to sustainability and has made strides in its ESG goals, including reducing emissions and improving safety records [4][86] Q&A Session All Questions and Answers Question: What is your sense of your adjusted volume if we take out the Amazon business? - The company indicated that excluding Amazon, there has been net growth, with solid performance in both retail and wholesale segments [52] Question: How should we think about your guidance business as we potentially move into a deflationary environment? - Management acknowledged the dynamic environment and emphasized a focus on leveraging insights to ensure the right solutions for consumers and customers [41][64] Question: Can you provide any color on the monthly cadence of sales inflation volume? - Management noted that inflation has decelerated, leading to improvements in unit volumes, with a focus on optimizing business operations [124][126] Question: How are you planning for the Amazon account going forward? - The company remains optimistic about the Amazon partnership, believing that they can work together to improve the grocery business [76][68]