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 ...

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 ...

Operator I would now like to turn the call over to Kayleigh Campbell, Head of Investor Relations. Good morning, and welcome to the SpartanNash Company second quarter 2023 earnings conference call. On the call today from the Company are President and Chief Executive Officer, Tony Sarsam, and Executive Vice President and Chief Financial Officer, Jason Monaco. Before we begin, the Company would like to remind you that today's discussion will include a number of forward-looking statements. These statements are ...

SpartanNash Company (NASDAQ:SPTN) Q1 2023 Earnings Conference Call June 1, 2023 8:30 AM ET Conference Call Participants Kayleigh Campbell Kayleigh Campbell - Head of IR Tony Sarsam - President and CEO Jason Monaco - EVP and CFO Operator Good morning and welcome to the SpartanNash CompanyÂ's First Quarter 2023 Earnings Conference Call. On the call today from the company are President and Chief Executive Officer, Tony Sarsam; and Executive Vice President and Chief Financial Officer, Jason Monaco. By now every ...

SpartanNash 1 The matters discussed in this presentation, in the Company's press releases, and in the Company's website-accessible conference calls with analysts include forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), about the plans, strategies, objectives, goals or expectations of the Company. These forward-looking statements may be identifiable by words or phrases ...

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 31, 2022. 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) (State or Other Jurisdiction) of Incorporation or Organizat ...

SpartanNash Company (NASDAQ:SPTN) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Kayleigh Campbell - Head of Investor Relations Tony Sarsam - President and Chief Executive Officer Jason Monaco - Executive Vice President and Chief Financial Officer Conference Call Participants Spencer Hanus - Wolfe Research Andrew Wolf - C.L. King & Associates Benjamin Wood - BMO Capital Markets Chuck Cerankosky - Northcoast Research Jessica Taylor - Deutsche Bank Operator Good morning. At ...

SpartanNash Company (NASDAQ:SPTN) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Kayleigh Campbell – Head-Investor Relations Tony Sarsam – President and Chief Executive Officer Jason Monaco – Executive Vice President and Chief Financial Officer Conference Call Participants Chuck Cerankosky – Northcoast Research Andrew Wolf – CL King Ben Wood – BMO Capital Markets Spencer Hanus – Wolfe Research Krisztina Katai – Deutsche Bank Operator Good morning, and welcome to the Sparta ...

| --- | --- | --- | --- | |-------|-------|-------|------------------------------------------| | | | | | | | | | | | | | | Fiscal 2022 3rd Quarter Earnings Release | | | | | November 9, 2022 | General Disclaimer Forward-Looking Statements The matters discussed in this presentation and in the Company's website-accessible conference calls with analysts and investor presentations include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of ...