Spartannash Co Stock Price, News & Analysis

SpartanNash (SPTN) has launched its Neighborhood Heroes Program, offering a 50% discount on annual online shopping memberships to students, educators, military personnel, nurses, and first responders at Company-operated stores.

The membership benefits include:

• Unlimited free grocery pickup with same-day service
• 10% discount on Our Family® brand products
• 50% off delivery fees for orders over $50
• Additional 10 cents off fuel with online orders at participating locations
• Exclusive monthly savings

The program applies to SpartanNash-operated stores including Family Fare®, Martin's Super Markets, and D&W Fresh Market®. Eligible participants can verify their status online to receive an exclusive promotional code for the yearlong membership.

SpartanNash (Nasdaq: SPTN) has released its 2024 Corporate Responsibility Report, highlighting significant progress in employee-focused initiatives. The food solutions company achieved a 25% year-over-year reduction in Total Recordable Incident Rate (TRIR) to 2.0, with an 83% decrease in lost-time incidents since 2020.

Key achievements include a 7% reduction in turnover and a 4% increase in 90-day new hire retention compared to 2023. The company welcomed 106 interns from 38 colleges and implemented various employee development programs through partnerships with DiSC, Korn Ferry, LinkedIn Learning, and Skillsoft.

Notable initiatives include organizing a large-scale volunteer event packing 500,000 meals for natural disaster victims and launching a daycare subsidy program. The company earned recognition as a Great Place to Work®, U.S. News & World Report® Best Company to work for, and a Best & Brightest® Company to Work for in the nation.

SpartanNash (Nasdaq: SPTN) has announced a 1.1% increase in its quarterly cash dividend to $0.22 per common share, up from the fiscal 2024 quarterly dividend of $0.2175. The dividend will be paid on April 2, 2025, to shareholders of record as of March 21, 2025. The food solutions company reported 33,689,005 common shares outstanding as of March 10, 2025.

SpartanNash (SPTN) reported Q4 2024 financial results with net sales increasing 0.7% to $2.26 billion. The company's Wholesale segment saw a 2.1% decrease to $1.56 billion, while the Retail segment grew 7.7% to $697.1 million. Q4 resulted in a net loss of $1.04 per diluted share, including a $45.7 million goodwill write-off, compared to net earnings of $0.30 per share in Q4 2023.

For fiscal 2024, net sales decreased 1.9% to $9.55 billion, with adjusted EBITDA slightly increasing to $258.5 million from $257.4 million. The company generated $205.9 million in operating cash flow, a 130.5% increase from 2023. SpartanNash returned $45 million to shareholders through dividends and share repurchases.

Looking ahead, the company provided fiscal 2025 guidance projecting net sales between $9.8-10.0 billion and adjusted EBITDA of $263-278 million.

SpartanNash (SPTN) has announced it will release its fourth quarter and fiscal year 2024 financial results before market opening on Wednesday, February 12, 2025. The results will cover the 12-week fourth quarter and 52-week fiscal year that ended December 28, 2024.

The food solutions company will host a conference call at 8:30 a.m. ET on the same day to discuss the quarterly results. A live webcast will be available on spartannash.com/webcasts under the Investor Relations section and will remain accessible until February 26, 2025. Additionally, a supplemental quarterly earnings presentation will be available on the company's website.

SpartanNash (SPTN) has launched disaster relief efforts to support Los Angeles wildfire victims through multiple initiatives. The company has donated six truckloads of essential products, including bottled water, ready-to-eat snacks, and personal hygiene items, to Convoy of Hope and Global Empowerment Mission.

The SpartanNash Foundation is conducting an in-store and online fundraising campaign benefiting the American Red Cross through January 27. Customers at Family Fare, Martin's Super Markets, D&W Fresh Market, Metcalfe's Market, and Company-operated fuel centers can donate amounts ranging from $1 to $50 at checkout or online.

Additionally, SpartanNash will host its annual Helping Hands Day on April 15, 2025, in Grand Rapids, where over 700 volunteers will assemble 500,000 meals and 5,000 personal hygiene kits for disaster victims.

SpartanNash Foundation achieved record-breaking donations of $565,000 during its eighth annual in-store fundraiser supporting food pantries across the Midwest. The campaign, running from Oct. 25 to Nov. 27, collected nearly $480,000 from store guests and Associates at SpartanNash-operated retail stores, with the Foundation adding $85,000 for pantries near distribution centers.

The total donation will provide approximately 204,000 meals for families across nine Midwest states. Store guests contributed through both in-store and online checkout donations. Since 2015, the Foundation's annual fundraisers have raised over $2.89 million, providing more than one million meals for communities served by SpartanNash.

SpartanNash (SPTN) has awarded its 2024 Our Family® Scholarship to 25 students, each receiving $2,500 for their outstanding community service contributions. The third annual program, setting a new record for recipients, supports undergraduate, graduate, and vocational students who demonstrate exceptional dedication to community service.

Recipients were selected based on their efforts to create better places to live, play, and grow. The scholarship funds can be applied to various forms of higher education, including universities, trade schools, and other post-secondary programs. Notable winners include students who coordinated blood drives, led international development projects, supported military families, and contributed to healthcare initiatives.

SpartanNash (Nasdaq: SPTN) announced that its Board of Directors has approved a quarterly cash dividend of $0.2175 per common share. The dividend will be distributed on December 30, 2024, to shareholders recorded as of December 9, 2024. The company reported 33,754,787 outstanding common shares as of November 19, 2024.