SpartanNash Co
NASDAQ:SPTN
SpartanNash Co
SpartanNash Co. engages in the distribution of grocery products to military commissaries in the U.S. The company is headquartered in Grand Rapids, Michigan and currently employs 10,100 full-time employees. The company went IPO on 2000-08-01. The firm serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar and Djibouti. The company has three segments. Food Distribution segment uses a multi-channel sales approach to distribute grocery products to independent retailers, national retailers, food service distributors, e-commerce providers and its corporate owned retail stores. Retail segment operates approximately 145 corporate owned retail stores and 36 fuel centers in nine states in the Midwest, primarily under the banners of Family Fare, Martin’s Super Markets, D&W Fresh Market, VG’s Grocery and Dan’s Supermarket. Military segment contracts with manufacturers and brokers to distribute a range of grocery products, including dry groceries, beverages, meat, and frozen foods, primarily to United States military commissaries and exchanges.
SpartanNash Co. engages in the distribution of grocery products to military commissaries in the U.S. The company is headquartered in Grand Rapids, Michigan and currently employs 10,100 full-time employees. The company went IPO on 2000-08-01. The firm serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar and Djibouti. The company has three segments. Food Distribution segment uses a multi-channel sales approach to distribute grocery products to independent retailers, national retailers, food service distributors, e-commerce providers and its corporate owned retail stores. Retail segment operates approximately 145 corporate owned retail stores and 36 fuel centers in nine states in the Midwest, primarily under the banners of Family Fare, Martin’s Super Markets, D&W Fresh Market, VG’s Grocery and Dan’s Supermarket. Military segment contracts with manufacturers and brokers to distribute a range of grocery products, including dry groceries, beverages, meat, and frozen foods, primarily to United States military commissaries and exchanges.
Record Profitability: SpartanNash delivered record Q1 adjusted EBITDA of nearly $77 million, up 2.6% year-on-year, and exceeded internal expectations.
Sales Growth: Q1 sales rose 3.7% to over $2.9 billion, with retail comparable store sales up 1.6% despite weather-related headwinds.
Guidance Reaffirmed: The company reaffirmed its fiscal 2025 guidance, expecting net sales of $9.8–$10 billion and adjusted EBITDA of $263–$278 million.
Cost Savings Initiatives: A new cost leadership program is expected to deliver $20 million in savings this year and $50 million annually going forward.
Strategic Expansion: Growth platforms include remodeling stores, expanding in the convenience and Hispanic markets, and continued M&A activity.
Stable Inflation: Food-at-home inflation guidance was raised to 2% for the year, with the environment described as stable.
Retail Margin Pressure: Retail segment faced profit pressure from weather impacts and pharmacy headwinds, but underlying store remodels and new formats performed well.
