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SpartanNash Company (Nasdaq: SPTN) is a distinguished food solutions company, known for delivering top-quality products across the United States. With a history spanning over 125 years, SpartanNash has grown into a Fortune 500 entity, boasting more than $7.9 billion in revenue and a workforce exceeding 16,000 associates. The company operates through two main segments: retail and wholesale.
In the Wholesale segment, SpartanNash is the second-largest publicly traded food distributor in the U.S., serving 172 military commissaries and over 400 military exchanges. Their extensive network includes 21 wholesale distribution centers across 44 states, ensuring an efficient supply chain that caters to independent retailers, national accounts, and e-commerce platforms. The company's product distribution covers a wide range of categories, including grocery, fresh produce, health and beauty, and general merchandise, with a strong focus on its private label brand, Our Family.
SpartanNash's Retail segment is equally robust, with 159 supermarkets, 34 fuel centers, and partnerships with 2,100 independent grocers. Operating under banners such as Family Fare, Martin's Super Markets, and D&W Fresh Market, SpartanNash provides a comprehensive shopping experience that includes pharmacies and fuel centers. The company is dedicated to enhancing customer satisfaction by investing in technology and innovation, as evidenced by the recent expansion of Simbe's autonomous inventory robot, Tally, across more stores.
Recent achievements and current projects reflect SpartanNash's commitment to growth and sustainability. In 2023, the company launched the ReposiTrak Traceability Network to boost supply chain transparency and safety. Additionally, SpartanNash has introduced a new private label brand, Finest Reserve by Our Family, offering a premium range of artisan-crafted foods.
Financially, SpartanNash continues to demonstrate resilience and progress. Despite a challenging market environment, the company reported net earnings of $11.1 million for the third quarter of 2023, alongside strategic initiatives aimed at capturing additional market share and driving sustainable shareholder value. The company's strong balance sheet, strategic investments, and focus on operational excellence position it well for future growth and innovation.
SpartanNash's dedication to community and education is evident in initiatives like the Our Family 2023 Scholarship Program, which supports students making a positive impact in their communities. By fostering a 'People First' culture and continuously evolving their offerings, SpartanNash remains a pivotal player in the food distribution and retail sectors.
On February 9, 2023, SpartanNash (NASDAQ: SPTN) announced it will release its fourth quarter and fiscal year 2022 financial results on February 23, 2023, prior to market open. A conference call is scheduled for 8:30 a.m. ET on the same day, providing insights into the company’s performance. Investors can access the call and a supplemental earnings presentation via SpartanNash's website.
As a food solutions company, SpartanNash operates supermarkets and offers distribution services across various sectors, including grocery and household goods.
SpartanNash (NASDAQ: SPTN) announced its annual in-store fundraising campaign through the SpartanNash Foundation to support Special Olympics athletes, running from February 8 to 19, 2023. Customers can donate at checkout or online, with funds staying local to support affiliates in eight states: Iowa, Michigan, Nebraska, North Dakota, Ohio, South Dakota, Minnesota, and Wisconsin. This initiative is part of SpartanNash's 39-year partnership with Special Olympics, which has included over $9.9 million in donations and thousands of volunteer hours. The company also employs 16 Special Olympics athletes across its retail operations.
On January 30, 2023, SpartanNash (Nasdaq: SPTN) appointed Ryan Speakes as Vice President of Fuel Center and Convenience Stores. Speakes, formerly a Market Leader at 7-Eleven, will oversee operations at 37 fuel centers, focusing on business optimization and growth. His expertise from previous positions at Speedway and 7-Eleven will be crucial as the company aims to innovate within the growing convenience store sector. The hire reflects SpartanNash's commitment to enhancing its leadership team and its People First culture, a strategy emphasized since CEO Tony Sarsam's appointment in 2020.
SpartanNash has acquired Great Lakes Foods, an independent grocery wholesaler, along with its 300,000-square-foot distribution center in Menominee, Michigan. This facility supports around 100 independent grocery customers and employs 125 associates. The acquisition aims to optimize SpartanNash's supply chain, drive growth through geographic expansion, and enhance services to existing customers. The integration will be carefully implemented throughout 2023 to ensure continuity and shareholder value.
SpartanNash (NASDAQ: SPTN) has raised $313,000 for local food pantries through in-store fundraising, contributing to a total donation of $400,000 from the SpartanNash Foundation to combat food insecurity. The efforts include a donation of $85,000 to food pantries near distribution centers, emphasizing the company's commitment to community support during the holiday season. SpartanNash aims to address the needs of over 34 million people in the U.S. facing food insecurity, reinforcing its mission to provide access to quality nutrition.
SpartanNash has partnered with Afresh Technologies to pilot an AI-driven predictive ordering solution across 10 Family Fare stores in Grand Rapids, Michigan. This initiative aims to enhance the ordering process for fresh produce by minimizing food waste and optimizing inventory management. The partnership aligns with SpartanNash's focus on delivering fresh foods while improving customer experience and supporting environmental sustainability efforts.
On November 16, 2022, SpartanNash (Nasdaq: SPTN) declared a quarterly cash dividend of $0.21 per common share. This dividend will be paid on December 30, 2022, to shareholders recorded as of December 9, 2022. As of November 17, 2022, there are 35,262,127 common shares outstanding. The company serves a diverse customer base, including military commissaries and its own grocery stores across the U.S. and internationally, with a workforce of over 17,500 employees.
SpartanNash has announced a partnership with Uber to offer on-demand and scheduled grocery delivery across the Midwest. Starting this week, nearly 100 SpartanNash stores, including Family Fare, Martin’s Super Markets, and D&W Fresh Market, will be available on the Uber and Uber Eats platforms. Customers can order a variety of products, enhancing convenience for last-minute holiday shoppers. The partnership aims to expand SpartanNash’s reach to its network of 2,100 independent grocery retailers, reinforcing its commitment to customer-focused innovation.
SpartanNash (Nasdaq: SPTN) reported Q3 fiscal 2022 results with net sales soaring 10.8% to $2.3 billion, driven by wholesale and retail growth amid inflation. However, net earnings fell 37.6% to $9.5 million from the previous year. Adjusted EBITDA increased 11.3% to $57.3 million. The company raised its fiscal year 2022 guidance, projecting net sales between $9.5 and $9.7 billion and adjusted EBITDA of $237 to $242 million. Ongoing challenges include rising interest expenses and decreased gross margins.
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