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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 November 2, SpartanNash celebrated its inaugural Investor Day, highlighting its strategic growth plan and mission, "Our Winning Recipe". CEO Tony Sarsam emphasized the company's evolution from a small candy store in 1885 to a vital player in America's food supply chain. During the Nasdaq Opening Bell ceremony, broadcasted nationwide, Sarsam and the executive team showcased SpartanNash's commitment to innovation and community service. The company supports over 17,500 associates and operates a robust distribution network across the U.S. and beyond, aiming for enhanced shareholder value.
SpartanNash hosted its Investor Day to discuss long-term strategies and fiscal 2025 targets. Preliminary results for Q3 2022 show net sales between $2.28-$2.31 billion, up from $2.07 billion last year. However, net earnings fell to $8.9-$9.9 million from $15.2 million in the previous year. The company increased its fiscal 2022 guidance, now expecting net sales of $9.5-$9.7 billion. Highlights include an 8% rise in retail comparable store sales and $22.5 million in dividends paid. SpartanNash aims to exceed $10 billion in net sales by fiscal 2025, representing a 12% growth.
SpartanNash is expanding its grocery delivery services by partnering with Shipt ahead of the holiday season. Customers can now shop from nearly 90 SpartanNash-owned grocery stores in states including Iowa, Indiana, Michigan, Nebraska, North Dakota, and Ohio, with deliveries available in as soon as one hour. This collaboration aims to enhance customer convenience during high-demand periods. Shipt offers a promotional free delivery option for first-time users with a minimum order of $10 using code GETSHIPT.
SpartanNash (NASDAQ: SPTN) will release its financial results for the third quarter ended October 8, 2022, on November 9, 2022, before market open. The Company will hold a conference call at 8:30 a.m. ET the same day to discuss the results, accessible via a live webcast on its website. SpartanNash is a food solutions provider with a diverse distribution network, supplying grocery and household goods to various customers, including military commissaries and retail stores across the U.S. and internationally.
SpartanNash (Nasdaq: SPTN) is launching its annual in-store fundraising campaign from
SpartanNash has promoted Masiar Tayebi to Executive Vice President, Chief Strategy and Information Officer. Tayebi, who joined the company in April 2021, will lead technology innovation as part of the company's growth strategy. With over 20 years of experience, including roles at Whirlpool and UBS, Tayebi is expected to enhance SpartanNash's customer focus and drive transformational changes. The company continues to position itself as a leading food solutions provider, with a vast distribution network serving various markets across the U.S. and beyond.
SpartanNash (Nasdaq: SPTN) is hosting its Investor Day on November 2, starting at 12:30 p.m. ET. The company's executives, including CEO Tony Sarsam and CFO Jason Monaco, will present the Our Winning Recipe strategy and financial targets. A live webcast will be accessible on the company's website and archived for future viewing.
SpartanNash (Nasdaq: SPTN) has appointed Nicole Zube as the new Senior Vice President and Chief Human Resources Officer, effective immediately. Zube brings over 10 years of experience from Kellogg, where she held various HR roles, including managing US and European teams. She aims to enhance the company's People First strategy, focusing on attracting and retaining top talent. This leadership change signifies SpartanNash's ongoing transformation under CEO Tony Sarsam.
SpartanNash (NASDAQ: SPTN) declared a quarterly cash dividend of $0.21 per common share on August 24, 2022. The dividend will be payable on September 30, 2022 to shareholders on record as of September 15, 2022. As of August 25, 2022, SpartanNash had 35,698,175 common shares outstanding, reflecting the company’s commitment to returning capital to shareholders.
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