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 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.
SpartanNash has appointed Adrienne Chance as Vice President of Communications, a role in which she will enhance the company’s internal and external communications. Reporting to CEO Tony Sarsam, she brings experience from previous roles at Borden Dairy and Topgolf, emphasizing brand building and associate engagement. Chance's appointment marks the sixth new executive since Sarsam took leadership last September, as the company strengthens its management team. SpartanNash is a Fortune 400 company operating 154 supermarkets and serving military commissaries globally.
SpartanNash (Nasdaq: SPTN) appointed Masiar Tayebi as Executive Vice President and Chief Strategy Officer, effective April 19, 2021. With over 20 years of experience, Tayebi previously served as Global Head of Corporate Strategy at Whirlpool and played a key role in the acquisition of Yummly. His new role focuses on developing corporate strategies to enhance growth and business performance, reporting directly to CEO Tony Sarsam. Tayebi aims to drive innovations and capitalize on growth opportunities, including mergers and acquisitions.
SpartanNash (Nasdaq: SPTN) announced the appointment of David Petko as Senior Vice President and Chief Supply Chain Officer, effective April 12, 2021. With 25 years of experience in supply chain and logistics, Mr. Petko previously held a similar role at C&S Wholesale Grocers. He will oversee all aspects of SpartanNash's supply chain management, focusing on cost savings and efficiency improvements. Petko's extensive background includes leadership roles at DHL Express, enhancing operational efficiencies and customer satisfaction, aligning with SpartanNash's strategic goals.
