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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 its annual SpartanNash Foundation in-store fundraiser, which will run from May 22 to June 2, 2024. The campaign supports military and disaster relief non-profit organizations such as Honor and Remember, Operation Homefront, and Convoy of Hope. Shoppers can donate at SpartanNash-operated stores by contributing $1, $5, $10, or rounding up their total at checkout, with online donations also available. Since 2015, the SpartanNash Foundation has raised over $2.3 million for humanitarian and patriotic causes. Funds from this year's campaign will be evenly distributed among the three non-profits to aid in disaster response, honor fallen service members, and support military families.
SpartanNash (Nasdaq: SPTN) will release its first quarter 2024 financial results on May 30, 2024, before the market opens. The results cover the 16-week period ending April 20, 2024.
A conference call to discuss these results is scheduled for May 30, 2024, at 8:30 a.m. ET, with a simultaneous webcast available on the SpartanNash website. The webcast will remain accessible until June 13, 2024. A supplemental earnings presentation will also be available online.
SpartanNash, a food solutions company, expands its Our Family® Scholarship program, offering $2,500 scholarships to 30 community-engaged students. The program aims to recognize students making a difference in their communities and is open to residents in states served by SpartanNash-owned stores. The scholarships can be used for undergraduate, graduate, or vocational education, with applications accepted until August 31, 2024.
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