SpartanNash Company - SPTN STOCK NEWS

SpartanNash (SPTN) has mobilized to donate over $200,000 in essential supplies, including bottled water and diapers, to tornado victims in Kentucky after deadly tornadoes struck the Midwest. The donations, facilitated by three distribution centers and a retail store, aim to support communities impacted by the catastrophic storms. CEO Tony Sarsam highlighted the company's commitment to assist those in need quickly. The Salvation Army expressed gratitude for the generous support, reinforcing SpartanNash's role in providing vital aid during disasters.

SpartanNash has been recognized as the 2021 Midwest Innovator of the Year by The Shelby Report for its exemplary response to the COVID-19 pandemic and commitment to its workforce.

The company, under the leadership of CEO Tony Sarsam, has emphasized a People First culture, making significant investments in employee wages, benefits, and diversity initiatives. It also enhanced health resources during the pandemic.

SpartanNash's private labels have outperformed major national brands, demonstrating strong consumer engagement and innovation.

SpartanNash (Nasdaq: SPTN) is enhancing its environmental sustainability by reducing fleet mileage by over seven million miles in 2022, equivalent to a 10% decrease. This initiative aims to cut nearly 10,000 metric tons of greenhouse gas emissions, offering quicker and cost-effective deliveries. Furthermore, by collaborating with logistics partners, SpartanNash anticipates saving one million gallons of diesel annually. These actions are integral to the company’s broader ESG (environmental, social, and governance) strategy, underscoring its commitment to responsible business practices.

SpartanNash Company (Nasdaq: SPTN) has announced a quarterly cash dividend of $0.20 per common share, approved by its Board of Directors on November 17, 2021. The dividend is set to be paid on December 30, 2021, to shareholders of record as of December 10, 2021. As of November 19, 2021, SpartanNash had 35,946,659 common shares outstanding. This dividend reflects the company's ongoing commitment to return value to its shareholders amidst its diverse distribution operations.

SpartanNash Company (Nasdaq: SPTN) reported Q3 2021 net sales of $2.07 billion, a 0.6% increase year-over-year. Retail comparable store sales rose 3.1%, with EPS at $0.42 and adjusted EPS of $0.43. Adjusted EBITDA decreased to $51.5 million from $57.0 million, while cash flow from operations reached $70.4 million, allowing for a $47.1 million debt paydown. The company raised its full-year adjusted EBITDA outlook to $205-$210 million and revised retail comparable sales guidance to a decline of 2% to 1%. CEO Tony Sarsam highlighted ongoing supply chain challenges and positive organizational performance.

SpartanNash (NASDAQ: SPTN) has initiated a fundraiser running through Nov. 7 to assist food-insecure families during the holidays. Customers can contribute $1, $5, or $10 at checkout across all 146 stores. The company has also committed to providing monetary donations to enhance food pantry infrastructure. This initiative aims to meet the diverse needs of local families, including household goods and supplies. SpartanNash continues its dedication to community support, following its recent milk drive fundraiser in partnership with the United Dairy Industry of Michigan.

Food solutions company SpartanNash (Nasdaq: SPTN) announced the appointment of Ileana McAlary as Senior Vice President, Chief Legal Officer & Corporate Secretary, effective November 15. McAlary has extensive experience in legal and compliance roles across various industries, previously serving at Wolverine World Wide. Her onboarding follows the retirement of Kathleen Mahoney, who held the Chief Legal Officer position for 17 years and played a vital role in key mergers. SpartanNash aims to strengthen its leadership team and advance its People First culture.

SpartanNash Company (NASDAQ: SPTN) will release its third quarter financial results on November 10, 2021, after market close. A conference call to discuss these results is scheduled for November 11, 2021, at 8:00 a.m. ET, with a live webcast available on the company’s website. SpartanNash is a Fortune 400 firm focused on grocery distribution, operating 146 supermarkets under various banners, and serving locations across the U.S. and internationally.