SpartanNash Announces First Quarter Fiscal 2025 Results

Core Insights - SpartanNash reported a sales growth of 3.7% in the first quarter of fiscal 2025, with net sales reaching $2.91 billion, driven by a 19.6% increase in the Retail segment [7][2] - The company reaffirmed its fiscal 2025 guidance, projecting total net sales between $9.8 billion and $10 billion [6][2] - Adjusted EBITDA for the quarter was $76.9 million, an increase from $74.9 million in the previous year, reflecting operational improvements [7][2] Financial Performance - Net sales increased to $2.91 billion, with the Retail segment contributing $947.2 million, a 19.6% increase, while the Wholesale segment saw a decrease of 2.6% to $1.96 billion [7][2] - Net earnings were reported at $2.1 million, or $0.06 per diluted share, down from $13 million, or $0.37 per diluted share, in the prior year [7][2] - Adjusted EPS decreased to $0.35 from $0.53 year-over-year, impacted by increased depreciation and organizational realignment expenses [7][2][26] Operational Highlights - The company achieved record adjusted EBITDA, attributed to strong Wholesale margins and positive comparable store sales [2][7] - Cash generated from operating activities was $25.8 million, down from $36.5 million in the previous year [7][2] - Capital expenditures and IT capital totaled $34.6 million, a decrease from $44.1 million year-over-year [7][2] Strategic Outlook - SpartanNash's strategic initiatives are expected to continue driving growth, with confidence in achieving the 2025 guidance [2][6] - The company anticipates that the additional 53rd week in fiscal 2025 will contribute approximately $0.2 billion in net sales and $4 million in adjusted EBITDA [8][6] - The focus on operational excellence and recent retail acquisitions is expected to enhance performance in the upcoming quarters [2][6]