Welcome to our dedicated page for Spartannash Co news (Ticker: SPTN), a resource for investors and traders seeking the latest updates and insights on Spartannash Co stock.
SpartanNash Co (SPTN), a Fortune 500 food solutions leader, maintains this centralized news hub for investors and industry stakeholders. Track official announcements across wholesale distribution and grocery retail operations, including military commissary partnerships and support services for independent grocers.
This resource provides timely updates on quarterly earnings, supply chain developments, and strategic initiatives shaping the food distribution landscape. Access verified information about product launches, operational expansions, and leadership updates directly affecting SpartanNash's market position.
Key coverage areas include private label innovations like the Our Family brand portfolio, retail network enhancements, and wholesale distribution partnerships. Content is curated to help stakeholders monitor operational milestones and industry trends.
Bookmark this page for structured access to SpartanNash's evolving story in food distribution. Combine press release transparency with contextual business insights to inform your analysis of this essential industry player.
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.
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.
