SpartanNash Company - SPTN STOCK NEWS

SpartanNash has committed over $1 million in essential supplies to aid Ukraine during its ongoing humanitarian crisis. The company has efficiently expedited shipments, reducing delivery time to under 17 days, despite a typical duration of up to 50 days. The initial shipment included vital items like baby formula and medicine. Partnering with Convoy of Hope, SpartanNash is actively working to distribute these supplies across eastern Europe. This initiative underscores SpartanNash’s logistics capabilities and commitment to humanitarian efforts.

SpartanNash has promoted David Petko to Executive Vice President and Chief Supply Chain Officer. He previously served as Senior Vice President and has been instrumental in launching a supply chain transformation initiative, expected to deliver cost savings of $15 million to $30 million. Under his leadership, a new agreement with Coastal Pacific Food Distributors aims to expand distribution on the West Coast while reducing fleet mileage by 10%, resulting in lower greenhouse gas emissions.

SpartanNash has announced the promotion of Adrienne Chance to Senior Vice President of Communications, effective immediately. Chance joined the company in April 2021 and has played a vital role in enhancing SpartanNash's internal and external communications. She has been instrumental in implementing the company’s new corporate identity and advancing its environmental, social, and governance (ESG) strategies. This move underlines SpartanNash's commitment to a People First culture and aims to boost associate engagement and brand awareness.

SpartanNash (SPTN) has pledged over $1 million in food and supplies to aid Ukraine amidst the ongoing crisis due to Russian aggression. The donations include canned meats, energy bars, and hygiene products, facilitated through their international supply chain and in partnership with Convoy of Hope. Additionally, a cash contribution of $25,000 will provide 7,500 meals. The company also halted the sale of Russian-produced vodka on February 26, demonstrating its commitment to humanitarian efforts.

SpartanNash Company (Nasdaq: SPTN) has announced a quarterly cash dividend of $0.21 per common share, marking a 5% increase from the prior quarter's dividend of $0.20. This dividend will be paid on March 31, 2022, to shareholders on record as of the close of business on March 17, 2022. As of February 28, 2022, SpartanNash had 35,921,684 common shares outstanding, reflecting the company's ongoing commitment to return value to its shareholders.

SpartanNash (NASDAQ: SPTN) has launched an enhanced line of Our Family cheese products, featuring a new design, improved taste, and premium ingredients. The reformulated cheese options, which include shreds, slices, and snack bars, aim to capitalize on the growing cheese consumption trends post-pandemic. The products are now available in independent grocery stores, showcasing vibrant packaging with QR codes linking to recipes. Our Family products have proven popular, outselling major national brands in SpartanNash stores.

SpartanNash Company (Nasdaq: SPTN) reported a 7.3% increase in retail comparable store sales for Q4, although annual sales declined 4.5% to $8.93 billion. Net earnings for Q4 reached $22.2 million, or $0.62 per diluted share, compared to $12.1 million the previous year. Adjusted EBITDA for the quarter was $43.0 million, down from $48.9 million. For fiscal 2022, the company projects retail comparable sales to remain flat to 2% growth, with Food Distribution sales expected to rise by 2% to 4% and Military sales anticipated to decline by 3% to 7%.

SpartanNash (NASDAQ: SPTN) is launching a fundraising campaign from Feb. 9-20 to support 43 local Habitat for Humanity chapters in the Midwest. The initiative allows store guests to donate $1, $5, $10, or round up their purchases at SpartanNash-owned retail locations to aid homeownership efforts in their communities. All funds raised will stay local, benefiting Habitat for Humanity's homebuilding projects. This collaboration emphasizes SpartanNash's commitment to community outreach and fostering hope through housing stability.

SpartanNash (Nasdaq: SPTN) expands its partnership with Flashfood, adding 44 new store locations across Michigan, Iowa, and Nebraska. This initiative aims to reduce food waste and provide discounts on perishable goods to consumers. Over 40,000 shoppers currently utilize the Flashfood app, which has facilitated 150,000 affordable meals and prevented 180,000 pounds of food from being wasted. SpartanNash's commitment to sustainability aligns with its broader goals of reducing waste while alleviating the financial burden on families amid rising grocery costs.