SpartanNash Company - SPTN STOCK NEWS

SpartanNash, a food solutions company, announced the appointment of Arpen Shah as Vice President, Merchandising Strategy and Analytics on April 17, 2023. Shah is tasked with overseeing the merchandising strategy, which includes promotional planning, category management, and data analytics. His previous role was as Senior Director at Essendant, and he has experience with US Foods and United Stationers. The company emphasizes that Shah's expertise will enhance their customer-led merchandising transformation, focusing on leveraging data for improved category planning and promotional effectiveness. This strategic hire aligns with SpartanNash's overall goal of fostering a People First culture and enhancing its operational capabilities.

On April 12, 2023, SpartanNash announced the promotion of David Sisk to Executive Vice President, Chief Customer Officer. Previously serving as Senior Vice President, Sisk was instrumental in enhancing customer engagement across various platforms, including national accounts and military exchanges. His leadership is expected to strengthen SpartanNash's position in the wholesale distribution market. The company operates two key segments: food wholesale and grocery retail, including 145 grocery stores under brands like Family Fare and Martin's Super Markets. SpartanNash is committed to a People First culture and aims to deliver comprehensive food solutions while expanding its market share.

On March 24, 2023, SpartanNash (Nasdaq: SPTN) announced its donation of 24 pallets of food products, valued at over $46,000, to residents affected by severe flooding in California. Collaborating with the American Red Cross, the products, including ready-to-eat meals and snacks, were delivered to those displaced by power outages and landslides. Since December 2022, California has experienced 12 atmospheric rivers, leading to significant damage and the displacement of thousands. SpartanNash is committed to supporting communities in crisis through its extensive distribution network.

SpartanNash (Nasdaq: SPTN) announces the promotion of Ileana McAlary to Executive Vice President, Chief Legal Officer, and Corporate Secretary. McAlary, who joined the company in November 2021, leads the legal, government affairs, compliance, and aviation team. CEO Tony Sarsam praised her contributions in modernizing the corporate legal function. McAlary has a notable background, previously serving at Wolverine Worldwide and holding various legal positions at Meijer and Amway. SpartanNash operates 147 supermarkets and supports a diverse customer base, including military commissaries and e-commerce retailers.

SpartanNash (Nasdaq: SPTN) announced a successful fundraising campaign, raising approximately $205,000 for the Special Olympics from Feb. 8 to Feb. 24. Including the SpartanNash Foundation's contribution, the total donation reached $235,000, bringing the lifetime donation to over $10.1 million in 39 years. The initiative supports Special Olympics athletes across eight states, with donations allocated to local affiliates. This year's campaign also highlighted the employment of 16 Special Olympics athletes within SpartanNash, showcasing the company's commitment to community support and inclusion.

On March 3, 2023, SpartanNash announced the promotion of Todd Riksen to Vice President, Corporate Controller & Principal Accounting Officer. Riksen, who joined the company in April 2018, has successfully led the finance organization during a significant turnaround and will oversee all accounting functions. His promotion underscores the company's commitment to its People First culture. SpartanNash is a leading food solutions provider with a vast distribution network, operating 147 supermarkets and serving customers across the U.S. and internationally.

SpartanNash announced on March 1, 2023, the approval of a quarterly cash dividend of $0.215 per common share, marking a 2.4% increase from the previous fiscal year’s dividend of $0.21. This dividend will be payable on March 31, 2023, to shareholders on record as of the close of business on March 17, 2023. As of February 28, 2023, SpartanNash had 35,061,566 shares outstanding. The company operates a diverse supply chain network, distributing grocery and household items across all 50 states and internationally.

SpartanNash (Nasdaq: SPTN) reported fourth-quarter net sales of $2.3 billion, up 10.3% year-over-year, and fiscal year 2022 net sales of $9.6 billion, an 8.0% increase. However, net earnings decreased significantly, falling to $0.7 million in Q4 and $34.5 million for the fiscal year, compared to $22.2 million and $73.8 million respectively in prior periods. Adjusted EBITDA rose to $47.2 million for Q4 and $242.9 million for the year. The company anticipates fiscal 2023 net sales between $9.9 billion and $10.2 billion, with adjusted EPS guidance of $2.20 to $2.35. Long-term goals include surpassing $10.5 billion in net sales by 2025.

On February 9, 2023, SpartanNash (NASDAQ: SPTN) announced its partnership with Convoy of Hope to provide essential supplies to survivors of the devastating Turkey-Syria earthquakes, which have claimed over 20,000 lives. The company donated bottled water and baby diapers to aid those affected. In 2022, SpartanNash contributed $1 million in product donations for various disaster relief efforts. CEO Tony Sarsam emphasized the company's commitment to helping those in need, reflecting its corporate identity of service and solutions.