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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) 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.
SpartanNash (Nasdaq: SPTN) announced that Dennis Eidson will retire as Chairman of the Board of Directors after the 2021 Annual Meeting on May 26, 2021. The Board has nominated Lead Independent Director Douglas A. Hacker to succeed him. Eidson has been with the company since 2003, leading SpartanNash’s growth from $2.1 billion to $9 billion in revenue. Eidson expressed confidence in Hacker's leadership for future growth and shareholder value.
SpartanNash (Nasdaq: SPTN) has appointed Jason Monaco as Executive Vice President and Chief Financial Officer (CFO), effective March 22, 2021, succeeding Mark Shamber, who will assist in the transition until the end of April. Monaco brings extensive experience from Borden Dairy and Kimberly-Clark, focusing on finance, mergers, and operational efficiencies. Additionally, Todd Riksen has been promoted to Vice President, Corporate Controller, effective March 14, 2021, following the retirement of Tammy Hurley on April 23, 2021. This succession plan aims to strengthen SpartanNash’s financial leadership.
SpartanNash (Nasdaq: SPTN) has declared a quarterly cash dividend of $0.20 per common share, scheduled for payment on March 31, 2021. Shareholders of record by the close of business on March 15, 2021 will benefit from this distribution. With 36,222,359 common shares outstanding as of March 4, 2021, this dividend reflects SpartanNash's commitment to returning value to its investors.
SpartanNash (Nasdaq: SPTN) has promoted Amy McClellan to Vice President, Fresh Merchandising, effective March 8. McClellan has a long history with Martin’s Super Markets, where she has worked for over 20 years, advancing through various roles. In her new position, she will oversee the product assortment strategy for Fresh categories across SpartanNash’s 150 owned stores and 2,100 independent retail locations. CEO Tony Sarsam expressed confidence in her leadership capabilities, aiming to enhance customer satisfaction and product quality.
SpartanNash reported a 12.5% net sales growth to $2.25 billion in Q4, with fiscal sales rising 9.5% to $9.35 billion. The 53rd week contributed $158.9 million. EPS rose to $0.34 for Q4 and $2.12 for the year. Adjusted EBITDA increased to $48.9 million in Q4 and $239.1 million annually. However, retail comparable sales are expected to decline by 6.0% to 8.0% in 2021 due to shifting consumer behavior post-pandemic. The company also reduced its net long-term debt significantly.
SpartanNash Company (Nasdaq: SPTN) is set to release its fourth quarter and fiscal year 2020 financial results on February 24, 2021, after market close. A conference call to discuss these results will take place on February 25, 2021, at 8:00 a.m. ET, accessible via SpartanNash’s website. As a Fortune 400 entity, SpartanNash distributes grocery products across independent retailers and operates supermarkets under various banners, including Family Fare and Martin’s Super Markets, serving diverse customer locations globally.
SpartanNash Company (Nasdaq: SPTN) announces that Chief Financial Officer Mark Shamber will present at the 2021 ICR Conference on January 12, 2021, at 12:30 pm ET. The presentation will be available via live audio webcast on SpartanNash's website under 'Investor Relations' and can be replayed for approximately ten days after the event.
SpartanNash distributes grocery products across 50 states and internationally, operating 156 supermarkets and serving military commissaries. The company is a Fortune 400 leader in grocery distribution and fresh produce.
SpartanNash Company (Nasdaq: SPTN) has announced a quarterly cash dividend of $0.1925 per common share, to be paid on December 31, 2020. Shareholders on record as of December 10, 2020 will receive this dividend. As of November 18, 2020, the company had 35,863,253 common shares outstanding. SpartanNash is a Fortune 400 entity engaged in grocery distribution, operating 156 supermarkets under various banners, and servicing military commissaries in the U.S. and overseas.
SpartanNash reported Q3 2020 net sales of $2.06 billion, a 3.1% increase from the previous year. This marks the 18th consecutive quarter of growth. The adjusted EPS rose 133% to $0.70, with adjusted EBITDA increasing 37.2% to $57.0 million. Retail comparable store sales grew 10.6%, while military distribution faced a 9.5% drop in sales due to COVID-19 restrictions. The company updated its fiscal 2020 guidance, projecting adjusted EPS between $2.42 and $2.50, reflecting uncertainties from stock warrants.
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