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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.
SpartanNash (Nasdaq: SPTN) reactivated its Helping Hands Day, engaging its associates in over 3,300 volunteer hours across communities in West Michigan, Minneapolis, and Norfolk, Virginia. The initiative included various activities such as sorting food and yard work for 16 non-profit organizations, showcasing the company's commitment to community service. President and CEO Tony Sarsam emphasized the positive impact of these efforts in supporting local communities and promoting their Core Behavior of service.
SpartanNash reported a 7.9% increase in net sales for Q2 2022, totaling $2.3 billion, driven by inflationary impacts across all segments. However, net earnings fell to $5.1 million from $16.8 million in the prior year, reflecting lower retail margins and increased operating expenses affected by corporate costs and fuel prices. Adjusted EBITDA was up by 13.7% to $61.8 million. The company has raised its full-year forecast, anticipating total net sales between $9.3 billion and $9.6 billion for 2022.
SpartanNash (Nasdaq: SPTN) announced a live webcast for its 2022 Investor Day on November 2, 2022, at 1 p.m. ET. The event will feature presentations from President and CEO Tony Sarsam, CFO Jason Monaco, and the executive team, focusing on the company's Our Winning Recipe™ initiative and long-term financial goals. Investors can access the webcast on SpartanNash's website, where it will also be archived for future viewing.
SpartanNash (NASDAQ: SPTN) is hosting National Day of Hiring events on August 16 to attract talent across the U.S. The company aims to fill various roles from drivers to pharmacy technicians at grocery stores and distribution centers. Benefits such as comprehensive Associate rewards, competitive salaries, same-day job offers, and enhanced training programs will be highlighted. The initiative emphasizes SpartanNash's commitment to being a People First employer, investing in Associates' future through educational support and development opportunities.
SpartanNash announced the reopening of its upgraded Knapp’s Corner D&W Fresh Market in Grand Rapids, Michigan, highlighting its modern design and expanded product offerings. The remodel features fresh artisan sandwiches, a variety of cheeses, new sushi selections, and a curated wine collection. The store showcases over 160 local brands and maintains a commitment to fresh and organic produce. Tom Swanson, Executive Vice President, emphasized the company's dedication to providing quality products and a pleasant shopping experience. The community event included a ribbon-cutting and promotional deals.
SpartanNash (NASDAQ: SPTN) will release its financial results for the second quarter ended July 16, 2022, on August 18, 2022. A conference call will be held at 8:30 a.m. ET on the same day to discuss the results. The call will be available via a live webcast on the company’s website, providing investors with further insights into its performance. SpartanNash operates as a food solutions company, distributing a wide range of grocery items across 50 states and internationally, alongside its own supermarket operations.
SpartanNash hosted its largest-ever Expo in Grand Rapids, attracting over 1,500 food suppliers and independent retailers. This event focused on mitigating rising food prices amid high inflation, fostering collaboration among attendees to explore innovative solutions. Participants engaged in educational sessions and found numerous promotional deals. Senior VP Bennett Morgan emphasized the importance of partnerships with CPG brands to provide better value to consumers. The Expo also featured notable celebrity appearances and aimed to enhance marketing and merchandising strategies for independent grocery stores.
SpartanNash has re-opened its Grand Rapids Service Center, a renovation aimed at enhancing creativity and fostering collaboration among its associates. This revitalized headquarters features modern workspaces, increased natural lighting, and entertainment amenities to support a 'People First' culture. President and CEO Tony Sarsam emphasized the importance of this investment in their workforce, aiming to attract and retain top talent. The facility has been part of the community since 1918 and serves as a hub for various company departments.
SpartanNash launches its annual fundraising campaign from