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SpartanNash Company news covers the food solutions company’s wholesale distribution, grocery retail operations and completed corporate-status transition. Company updates have described a supply chain network serving independent and chain grocers, national retail brands, e-commerce platforms and U.S. military commissaries and exchanges, alongside retail banners including Family Fare, Martin’s Super Markets, D&W Fresh Market and Supermercado Nuestra Familia.
Recurring coverage also includes OwnBrands activity such as the Our Family portfolio, store openings, cash dividends, technology and cybersecurity leadership, and executive or marketing appointments tied to retail, supply chain and corporate functions. Later corporate-status coverage reflects the completed merger, Nasdaq delisting and termination of public reporting registration for the former SPTN common stock.
SpartanNash is expanding its grocery delivery services by partnering with Shipt ahead of the holiday season. Customers can now shop from nearly 90 SpartanNash-owned grocery stores in states including Iowa, Indiana, Michigan, Nebraska, North Dakota, and Ohio, with deliveries available in as soon as one hour. This collaboration aims to enhance customer convenience during high-demand periods. Shipt offers a promotional free delivery option for first-time users with a minimum order of $10 using code GETSHIPT.
SpartanNash (NASDAQ: SPTN) will release its financial results for the third quarter ended October 8, 2022, on November 9, 2022, before market open. The Company will hold a conference call at 8:30 a.m. ET the same day to discuss the results, accessible via a live webcast on its website. SpartanNash is a food solutions provider with a diverse distribution network, supplying grocery and household goods to various customers, including military commissaries and retail stores across the U.S. and internationally.
SpartanNash (Nasdaq: SPTN) is launching its annual in-store fundraising campaign from Oct. 26 to Nov. 6, 2022, aimed at supporting local food banks across eight states, including Michigan, Indiana, and Ohio. Customers can donate at checkout or online, with contributions going to food pantries to aid families facing food insecurity this holiday season. Since its inception in 2016, the SpartanNash Foundation has raised over $1.7 million to benefit these initiatives, with each dollar providing up to 10 meals.
SpartanNash has promoted Masiar Tayebi to Executive Vice President, Chief Strategy and Information Officer. Tayebi, who joined the company in April 2021, will lead technology innovation as part of the company's growth strategy. With over 20 years of experience, including roles at Whirlpool and UBS, Tayebi is expected to enhance SpartanNash's customer focus and drive transformational changes. The company continues to position itself as a leading food solutions provider, with a vast distribution network serving various markets across the U.S. and beyond.
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.
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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.