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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) will distribute free N95 masks starting February 7 at pharmacy locations in its corporate-owned grocery stores. Customers can receive three complimentary masks while supplies last. The company is also donating nearly 400,000 masks to non-profit partners for high-transmission areas. This initiative aligns with the U.S. Department of Health & Human Services' efforts against COVID-19 and supports SpartanNash's commitment to the United Nations Sustainable Development Goals related to health and well-being.
SpartanNash Company (Nasdaq: SPTN) will announce its fourth quarter and fiscal year 2021 financial results on February 24, 2022, before market opening. A conference call to discuss the results will occur on the same day at 8:30 a.m. ET. SpartanNash operates a diverse network including grocery product distribution to retailers, corporate-owned stores, and U.S. military commissaries. The company emphasizes customer-focused innovation and has a workforce of approximately 19,000 associates.
SpartanNash (Nasdaq: SPTN) announces a free home delivery promotion for online orders exceeding
SpartanNash announces a significant expansion of its distribution network with a new facility in Stockton, California, enhancing supply chain capabilities and supporting its environmental goals. The 500,000-square-foot center aims to reduce fleet mileage by 10% in 2022, saving approximately one million gallons of diesel annually. This move aligns with the growing demand from national food retailers and reinforces SpartanNash's commitment to improving operational efficiencies while supporting sustainability initiatives.
SpartanNash (NASDAQ: SPTN) announced the hiring of Bennett Morgan as Senior Vice President and Chief Merchandising Officer, effective January 24. Morgan, formerly with Amazon, where he was integral in launching its grocery business, brings extensive experience from roles at Walmart China and H-E-B. This recruitment is part of SpartanNash's ongoing strategy to enhance customer experience and innovation under its 'People First' initiative. His appointment marks the seventh addition to the leadership team since CEO Tony Sarsam took office in September 2020.
SpartanNash has promoted Amy McClellan to Senior Vice President and Chief Marketing Officer, effective immediately. McClellan, who joined the company in 2019, will report to President and CEO Tony Sarsam. Her previous roles include VP of Fresh Merchandising and Division VP, Retail, where she managed vital operations across 145 stores. Sarsam highlights McClellan's expertise in enhancing retail branding and e-commerce strategies. SpartanNash operates 145 supermarkets and serves customers in all 50 states and various international locations.
SpartanNash, a food solutions company, has raised $325,000 through its annual campaign to support local food pantries across the Midwest. This initiative aligns with its mission to tackle food insecurity, contributing to over 4 million pounds of food donations annually. Since 2016, the SpartanNash Foundation has successfully raised over $2 million, providing more than 8 million meals to those in need. Approximately one in ten shoppers contributed during this campaign, demonstrating strong community engagement.
SpartanNash (NASDAQ: SPTN) announced that Jason Monaco, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2022 ICR Conference on January 10, 2022, at 1:30 PM ET. The event will be webcast live and available for replay on SpartanNash's website for 90 days. SpartanNash is a food solutions company providing grocery products and services across the U.S., with a commitment to a People First culture and an employee base of 19,000. For more details, visit spartannash.com.
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