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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.
The SpartanNash Foundation has announced a donation of $243,750 to Special Olympics to promote inclusion programs for individuals with intellectual disabilities. The funds will support athletes and Summer Games across several states including Iowa and Michigan. Between May 5-18, 2021, SpartanNash stores engaged customers to raise funds through donations. The company has contributed over $9.7 million since 1985 to Special Olympics, reinforcing its commitment to diversity and community support. Upcoming fundraising efforts will also target veterans and food pantries.
SpartanNash Company (Nasdaq: SPTN) has announced enhancements for its Fast Lane™ subscribers, emphasizing the convenience and savings of online grocery shopping. Annual subscriptions are now available for $49, offering benefits like free curbside pickup and half-off delivery in select areas. Subscribers can save up to $465 annually on pick fees and $208 on delivery fees. Additionally, monthly savings on products like Our Family® and Daisy Cottage Cheese are introduced. Fast Lane is available at 68 stores across six states, providing a time-saving shopping alternative.
SpartanNash Company (Nasdaq: SPTN) has partnered with Bonum Health to offer telemedicine services across its pharmacies, enhancing patient access to care. Customers can schedule a visit for $29 or opt for a subscription at $11 per month, covering all household dependents. The service aims to provide affordable health care, especially for those uninsured or seeking cost savings. This initiative complements SpartanNash's existing pharmacy services, including vaccinations and medication safety initiatives, across its 86 pharmacies in seven states.
SpartanNash Company (Nasdaq: SPTN) reported a 7.0% decline in net sales for Q1 2021, totaling $2.66 billion, compared to $2.86 billion in the prior year. EPS reached $0.54 per share, with adjusted EPS at $0.56. The company reaffirmed full-year guidance, projecting EPS between $1.48 and $1.67. Adjusted EBITDA declined to $64.8 million. Retail comparable sales decreased by 7.0% but improved 9.3% on a two-year basis. Strategic leadership appointments were announced, and a supply chain improvement initiative is slated to begin in Q2.
SpartanNash Company (Nasdaq: SPTN) has announced the appointment of Douglas Hacker as Chairman of its Board of Directors, effective after the annual shareholder meeting on May 26, 2021. Hacker, who has been with the company for 16 years, aims to guide the organization through a transformative phase following recent leadership changes, including the appointment of Tony Sarsam as President and CEO in September 2020. Under Hacker's leadership, the company expects to continue its focus on growth and operational excellence.
SpartanNash Company (Nasdaq: SPTN) has approved a quarterly cash dividend of $0.20 per common share, set to be paid on June 30, 2021. Shareholders of record as of June 15, 2021 are eligible for this payment. As of May 24, 2021, SpartanNash had 36,221,817 common shares outstanding. The company serves a wide retail base across all 50 states and several international locations, operating numerous supermarkets under various banners and supplying grocery products to U.S. military commissaries.
SpartanNash (Nasdaq: SPTN) will disclose its first quarter financial results post-market on June 2, 2021. A conference call is scheduled for June 3, 2021, at 8:00 a.m. ET, where management will provide insights and discuss the financial performance. The webcast will be accessible on SpartanNash's website and archived for future reference. The company operates 151 supermarkets and distributes grocery products extensively across the U.S. and international military locations.
HERBL, California's largest cannabis distributor, has appointed Mark Shamber as Chief Financial Officer (CFO). With over 30 years of finance experience, including positions at SpartanNash and United Natural Foods, Shamber is set to enhance HERBL's financial strategies and oversee long-term planning. CEO Mike Beaudry highlighted the importance of Shamber's expertise during a growth phase for the cannabis market. Shamber expressed enthusiasm about shaping industry standards in the cannabis supply chain and improving consumer experiences.
SpartanNash (Nasdaq: SPTN) has appointed Rona Caswell as Vice President of Internal Audit, where she will oversee the internal audit plan, compliance with financial standards, and enterprise risk management. Reporting to CFO Jason Monaco and the Board of Directors Audit Committee, Caswell brings significant experience, including her previous role as VP of Global Internal Audit at Perrigo Company. Her expertise in internal audit transformation and Sarbanes-Oxley compliance aims to enhance operational excellence at SpartanNash.
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