SpartanNash

SpartanNash Co. engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach. The Retail segment operates retail supermarkets in the Midwest, which operate under banners of Family Fare Supermarkets, No Frills, Bag 'N Save, Family Fresh Markets, D&W Fresh Markets, Sun Mart, and Econo Foods. The company was founded in 1917 and is headquartered in Grand Rapids, MI.

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SpartanNash reports solid Q4 results, eyes store renovations for growth

SpartanNash's financial performance in Q4 and fiscal 2022 reflects a mix of growth and challenges, with a focus on operational efficiency and customer-centric strategies.
The company's strengths lie in own brand growth, cost-saving initiatives, and strategic guidance for future growth, while facing challenges in margin pressures and supply chain optimization.
Opportunities exist in store renovations, supplier pricing management, and improving fill rates to drive long-term success and competitive advantage in the market.
Balancing financial performance with operational enhancements will be key for SpartanNash to navigate evolving market dynamics and sustain growth momentum.

SpartanNash exceeds Q1 expectations, focuses on growth opportunities

SpartanNash's Q1 performance reflects strong sales growth and operational improvements, despite challenges in gross profit and inflation. The company's strategic initiatives are driving synergies, cost savings, and enhanced customer offerings. With a focus on growth in the military business and efficiency improvements in supply chain and labor productivity, SpartanNash is poised for continued success.

SpartanNash reports strong Q2 earnings, eyes growth amid challenges

SpartanNash's Q2 performance reflects a resilient business model with revenue growth, profitability enhancements, and strategic initiatives driving positive results.
The company's focus on customer experience, operational efficiency, and long-term goals underscores its commitment to sustainable growth and value creation.
While facing challenges from market dynamics and operational complexities, SpartanNash remains agile, confident in its transformation efforts, and poised for future success.
Opportunities in expanding retail presence, optimizing supplier partnerships, and achieving long-term EBITDA targets position SpartanNash for continued growth and value creation.

SpartanNash reports strong Q3 results, eyes growth opportunities ahead

SpartanNash's Q3 performance reflects solid financial results and operational improvements. The company's emphasis on sustainability, successful merchandising transformation, and stable labor market position it well for future growth. While facing challenges in certain business segments, SpartanNash remains optimistic about opportunities for expansion and value creation.

SpartanNash reports mixed Q4 results, eyes growth through M&A

SpartanNash delivered a mixed performance in Q4 2023, with strong annual financial highlights and transformation benefits. The company is poised for growth with a focus on enhancing shareholder value through strategic initiatives. Evaluating M&A opportunities and focusing on operational improvements are key priorities.

SpartanNash reports Q1 growth, focuses on profitability and promotions

SpartanNash's Q1 performance showed resilience with increased EBITDA margin and progress towards gross benefit targets.
Despite challenges in the retail segment, the company remains focused on profitability through strategic initiatives and vendor engagement.
Opportunities in private label brands, vendor promotions, and growth in national accounts present avenues for future growth and competitiveness.

SpartanNash reports Q2 challenges but sees growth opportunities ahead

SpartanNash faced challenges in net sales and EBITDA performance in Q2, offset by growth in gross profit and transformational initiatives.
Despite market dynamics and increased operating expenses, the company's acquisition and reaffirmed guidance signal strength and growth potential.
Addressing challenges in sales growth and profitability while leveraging opportunities from recent initiatives and acquisitions will be key for SpartanNash's future success.

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The former No Frills, Sun Mart and Dan's Supermarkets locations are now Family Fare, with an enhanced store experience and new shopper loyalty program GRAND RAPIDS, Mich. , July 25, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) is upgrading store guest experiences across the Midwest by consolidating its No Frills, Sun Mart and Dan's Supermarket retail banners into Family Fare, its flagship retail banner.

SpartanNash Debuts Remodeled Stores under its Flagship Family Fare Retail Banner

SpartanNash's Largest Ever Food Solutions Expo showcases supply chain and merchandising transformations, enhanced independent customer support services and ongoing focus on customer success GRAND RAPIDS, Mich. , July 18, 2023 /PRNewswire/ -- More than 2,000 independent grocers, vendors and SpartanNash Associates are gathering in Grand Rapids, Mich.

SpartanNash Brings Together Independent Grocers At Annual Food Solutions Expo

ESG initiative provides deep discounts for grocery shoppers while diverting food from landfills GRAND RAPIDS, Mich. , July 5, 2023 /PRNewswire/ -- Food solutions company  SpartanNash  (the "Company") (Nasdaq: SPTN) recently achieved a significant milestone in its collaboration with technology company  Flashfood.

SpartanNash and Flashfood Successfully Divert One Million Pounds of Food Waste

$300,000 raised, thousands of volunteer hours reflect People First culture GRAND RAPIDS, Mich. , June 29, 2023 /PRNewswire/ -- Food solutions company SpartanNash  (the "Company") (Nasdaq: SPTN) continued its tradition of giving back to local communities during its annual Helping Hands Day corporate volunteer event and a Foundation in-store fundraiser this month.

SpartanNash Rallies for Local Communities Through Helping Hands Day and In-Store Fundraiser

SpartanNash Company's shares have fallen 29% YTD, and despite an attractive valuation, it is not the best time to go long due to potential risks to revenue growth and margins. The company may face a slowdown in inflation in the second half of 2023, negatively impacting business growth, and recent wage increases could pressure operating margins. The stock is not expensively priced in line with sector averages and the 5-year average multiples, limiting downside risk, leading to a HOLD recommendation rather than SELL.

SpartanNash: Attractive Valuation But Lack Of Catalysts To Growth

SpartanNash faces headwinds due to rising interest rates and high debt, impacting its operating income and earnings. The company's valuation doesn't justify the risk yet, and it needs to improve margins and reduce debt. SpartanNash's dividend appears secure with a 4% yield, but investors should wait for signs of improvement before considering a position.

SpartanNash: Earnings Jeopardized By Interest Expenses

SpartanNash's valuation has become more attractive after a 40% drop in share price, making it a potential buy for investors. The company has shown progress in its turnaround efforts, but investors should keep an eye on margin trends and bottom-line results. The new price target for SpartanNash is $30/share, with a "BUY" rating at the current valuation.

SpartanNash: We're Down 40%+ Since My Last 'Hold' (Rating Upgrade)

Associate recognition reflects Company's all-in commitment to its People First culture GRAND RAPIDS, Mich. , June 21, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) proudly announced that it has received the Great Place to Work ® certification.

SpartanNash Receives Prestigious Great Place to Work® Certification

Pasch brings nearly 17 years of merchandising experience to new role; advances next generation of merchandising transformation GRAND RAPIDS, Mich. , June 5, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the hiring of Brandon Pasch as Vice President, Center Store Merchandising, effective immediately.

SpartanNash Names Brandon Pasch as Vice President, Center Store Merchandising

SpartanNash Company (NASDAQ:SPTN ) Q1 2023 Earnings Conference Call June 1, 2023 8:30 AM ET Company Participants Kayleigh Campbell - Head of IR Tony Sarsam - President and CEO Jason Monaco - EVP and CFO Conference Call Participants Charles Cerankosky - Northcoast Research Rob Dickerson - Jefferies Benjamin Wood - BMO Capital Markets Andrew Wolf - C.L. King & Associates Peter Saleh - BTIG Jessica Taylor - Deutsche Bank Operator Welcome to the SpartanNash First Quarter 2023 Earnings Conference Call.

SpartanNash Company (SPTN) Q1 2023 Earnings Call Transcript

Spartan Stores (SPTN) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.83 per share a year ago.

Spartan Stores (SPTN) Surpasses Q1 Earnings Estimates

Reaffirms Fiscal 2023 Guidance and Commitment to Long-Term Fiscal 2025 Plan On Track to Achieve Fiscal 2025 Net Benefits of $40 to $55 Million from Transformational Initiatives GRAND RAPIDS, Mich. , June 1, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today reported financial results for its 16-week first quarter ended April 22, 2023.

SpartanNash Announces First Quarter Fiscal 2023 Results

SpartanNash's (SPTN) first-quarter 2023 results are likely to reflect gains from the sturdy execution of its Winning Recipe plan and expansion initiatives.

Here's How SpartanNash (SPTN) is Poised Ahead of Q1 Earnings

GRAND RAPIDS, Mich. , May 25, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced that shareholders overwhelmingly approved all Company proposals and re-elected the eight director nominees at its 2023 Annual Meeting of Shareholders, held virtually on May 24, 2023.

SpartanNash Announces Results of 2023 Annual Meeting of Shareholders

Fundraiser spans Memorial Day; benefits Honor and Remember, Operation Homefront and Convoy of Hope GRAND RAPIDS, Mich. , May 24, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) will salute military and disaster relief heroes through its annual SpartanNash Foundation in-store fundraiser, running May 24 to June 4.

SpartanNash Foundation to Host In-Store Fundraiser May 24 to June 4 to Support Military and Disaster Relief Heroes

GRAND RAPIDS, Mich. , May 18, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) will announce its first quarter 2023 financial results before the stock market opens on Thursday, June 1, 2023, for the 16-week first quarter ended April 22, 2023.

SpartanNash to Webcast First Quarter 2023 Earnings Conference Call

The food solutions company will deploy Simbe's business intelligence solution , Tally, across 15 stores to generate real-time inventory insights  GRAND RAPIDS, Mich. , May 10, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced expansion plans for the use of an autonomous inventory robot named Tally in 15 grocery stores in Michigan and Indiana.

SpartanNash Strengthens Customer-Centric Innovation with Robotics Automation

Varghese will lead SpartanNash's IT innovation and data strategy in new role GRAND RAPIDS, Mich. , May 2, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the hiring of Binu Varghese as Vice President, Applications and Data, effective immediately.

SpartanNash Welcomes Binu Varghese as Vice President, Applications and Data

Twenty-five $2,000 scholarships will be awarded to students who are making a difference in their communities; applications accepted until Aug. 31 GRAND RAPIDS, Mich. , April 26, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced its new Our Family® 2023 Scholarship Program to support students who are making a positive difference in their communities.

SpartanNash Invests in Higher Education with Launch of Our Family® Scholarship Program

Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the hire of Arpen Shah as Vice President, Merchandising Strategy and Analytics. Shah will be responsible for merchandising strategy and analytics for the overall merchandising business. He will also lead promotional planning, shelf technology, category management and merchandising data analytics.

SpartanNash Welcomes Arpen Shah as VP, Merchandising Strategy and Analytics

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In March, we (my wife and I) received a dividend income total of $5,707.34. Target, Lockheed Martin and T. Rowe Price are 3 dividend growth stocks that sent massive dividend payments our way, all over $100 and even all over $125 each.

Dividend Income Summary: Lanny's March 2023 Summary

SpartanNash partners with Ecodrive to plant 20,000 trees to mitigate global warming and support healthy ecosystems

SpartanNash Earth Day Celebration is a Breath of Fresh Air

GRAND RAPIDS, Mich., April 12, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the promotion of David Sisk from Senior Vice President to Executive Vice President, Chief Customer Officer. Sisk was hired in 2020 as President of SpartanNash Military and was promoted in May 2022 to Chief Customer Officer. Sisk oversees customer engagements for all national accounts, independent and chain grocers, e-commerce retailers, and the U.S. Defense Commissary Agency and military Exchanges worldwide.

SpartanNash Promotes David Sisk to Executive Vice President, Chief Customer Officer

SpartanNash Company has had some mixed results recently, though sales and some cash flow figures have fared well. The stock also looks cheap, both on an absolute basis and relative to similar firms.

SpartanNash Company: Still Attractive On Growth, Though An Emphasis On Retail Would Be Wise

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