Spartannash Co Stock Price, News & Analysis

SpartanNash (Nasdaq: SPTN) is hosting its Investor Day on November 2, starting at 12:30 p.m. ET. The company's executives, including CEO Tony Sarsam and CFO Jason Monaco, will present the Our Winning Recipe strategy and financial targets. A live webcast will be accessible on the company's website and archived for future viewing.

SpartanNash (Nasdaq: SPTN) has appointed Nicole Zube as the new Senior Vice President and Chief Human Resources Officer, effective immediately. Zube brings over 10 years of experience from Kellogg, where she held various HR roles, including managing US and European teams. She aims to enhance the company's People First strategy, focusing on attracting and retaining top talent. This leadership change signifies SpartanNash's ongoing transformation under CEO Tony Sarsam.

SpartanNash (NASDAQ: SPTN) declared a quarterly cash dividend of $0.21 per common share on August 24, 2022. The dividend will be payable on September 30, 2022 to shareholders on record as of September 15, 2022. As of August 25, 2022, SpartanNash had 35,698,175 common shares outstanding, reflecting the company’s commitment to returning capital to shareholders.

SpartanNash (Nasdaq: SPTN) reactivated its Helping Hands Day, engaging its associates in over 3,300 volunteer hours across communities in West Michigan, Minneapolis, and Norfolk, Virginia. The initiative included various activities such as sorting food and yard work for 16 non-profit organizations, showcasing the company's commitment to community service. President and CEO Tony Sarsam emphasized the positive impact of these efforts in supporting local communities and promoting their Core Behavior of service.

SpartanNash reported a 7.9% increase in net sales for Q2 2022, totaling $2.3 billion, driven by inflationary impacts across all segments. However, net earnings fell to $5.1 million from $16.8 million in the prior year, reflecting lower retail margins and increased operating expenses affected by corporate costs and fuel prices. Adjusted EBITDA was up by 13.7% to $61.8 million. The company has raised its full-year forecast, anticipating total net sales between $9.3 billion and $9.6 billion for 2022.

SpartanNash (Nasdaq: SPTN) announced a live webcast for its 2022 Investor Day on November 2, 2022, at 1 p.m. ET. The event will feature presentations from President and CEO Tony Sarsam, CFO Jason Monaco, and the executive team, focusing on the company's Our Winning Recipe™ initiative and long-term financial goals. Investors can access the webcast on SpartanNash's website, where it will also be archived for future viewing.

SpartanNash (NASDAQ: SPTN) is hosting National Day of Hiring events on August 16 to attract talent across the U.S. The company aims to fill various roles from drivers to pharmacy technicians at grocery stores and distribution centers. Benefits such as comprehensive Associate rewards, competitive salaries, same-day job offers, and enhanced training programs will be highlighted. The initiative emphasizes SpartanNash's commitment to being a People First employer, investing in Associates' future through educational support and development opportunities.

SpartanNash announced the reopening of its upgraded Knapp’s Corner D&W Fresh Market in Grand Rapids, Michigan, highlighting its modern design and expanded product offerings. The remodel features fresh artisan sandwiches, a variety of cheeses, new sushi selections, and a curated wine collection. The store showcases over 160 local brands and maintains a commitment to fresh and organic produce. Tom Swanson, Executive Vice President, emphasized the company's dedication to providing quality products and a pleasant shopping experience. The community event included a ribbon-cutting and promotional deals.