Spartannash Co Stock Price, News & Analysis

SpartanNash Company (Nasdaq: SPTN) has announced a quarterly cash dividend of $0.21 per common share, marking a 5% increase from the prior quarter's dividend of $0.20. This dividend will be paid on March 31, 2022, to shareholders on record as of the close of business on March 17, 2022. As of February 28, 2022, SpartanNash had 35,921,684 common shares outstanding, reflecting the company's ongoing commitment to return value to its shareholders.

SpartanNash (NASDAQ: SPTN) has launched an enhanced line of Our Family cheese products, featuring a new design, improved taste, and premium ingredients. The reformulated cheese options, which include shreds, slices, and snack bars, aim to capitalize on the growing cheese consumption trends post-pandemic. The products are now available in independent grocery stores, showcasing vibrant packaging with QR codes linking to recipes. Our Family products have proven popular, outselling major national brands in SpartanNash stores.

SpartanNash Company (Nasdaq: SPTN) reported a 7.3% increase in retail comparable store sales for Q4, although annual sales declined 4.5% to $8.93 billion. Net earnings for Q4 reached $22.2 million, or $0.62 per diluted share, compared to $12.1 million the previous year. Adjusted EBITDA for the quarter was $43.0 million, down from $48.9 million. For fiscal 2022, the company projects retail comparable sales to remain flat to 2% growth, with Food Distribution sales expected to rise by 2% to 4% and Military sales anticipated to decline by 3% to 7%.

SpartanNash (NASDAQ: SPTN) is launching a fundraising campaign from Feb. 9-20 to support 43 local Habitat for Humanity chapters in the Midwest. The initiative allows store guests to donate $1, $5, $10, or round up their purchases at SpartanNash-owned retail locations to aid homeownership efforts in their communities. All funds raised will stay local, benefiting Habitat for Humanity's homebuilding projects. This collaboration emphasizes SpartanNash's commitment to community outreach and fostering hope through housing stability.

SpartanNash (Nasdaq: SPTN) expands its partnership with Flashfood, adding 44 new store locations across Michigan, Iowa, and Nebraska. This initiative aims to reduce food waste and provide discounts on perishable goods to consumers. Over 40,000 shoppers currently utilize the Flashfood app, which has facilitated 150,000 affordable meals and prevented 180,000 pounds of food from being wasted. SpartanNash's commitment to sustainability aligns with its broader goals of reducing waste while alleviating the financial burden on families amid rising grocery costs.

SpartanNash (Nasdaq: SPTN) will distribute free N95 masks starting February 7 at pharmacy locations in its corporate-owned grocery stores. Customers can receive three complimentary masks while supplies last. The company is also donating nearly 400,000 masks to non-profit partners for high-transmission areas. This initiative aligns with the U.S. Department of Health & Human Services' efforts against COVID-19 and supports SpartanNash's commitment to the United Nations Sustainable Development Goals related to health and well-being.

SpartanNash Company (Nasdaq: SPTN) will announce its fourth quarter and fiscal year 2021 financial results on February 24, 2022, before market opening. A conference call to discuss the results will occur on the same day at 8:30 a.m. ET. SpartanNash operates a diverse network including grocery product distribution to retailers, corporate-owned stores, and U.S. military commissaries. The company emphasizes customer-focused innovation and has a workforce of approximately 19,000 associates.

SpartanNash (Nasdaq: SPTN) announces a free home delivery promotion for online orders exceeding $35 through its Fast Lane service, effective from February 1. The initiative aims to enhance customer convenience, especially during challenging weather conditions and the ongoing pandemic. Orders include selections from all grocery departments at in-store prices, with personal shoppers ensuring quality and proper communication with customers. This limited-time offer reflects SpartanNash's commitment to customer satisfaction and accessibility.