Spartannash Co Stock Price, News & Analysis

SpartanNash (Nasdaq: SPTN) has raised $330,000 through its foundation to support military and veteran organizations, including Team RWB, Operation Homefront, and Honor and Remember. This fundraising effort occurred between June 30 and July 13, with participation from over 145 stores under various banners such as Family Fare and D&W Fresh Market. Since 2016, the SpartanNash Foundation has granted over $1.7 million to veterans' service organizations. SpartanNash is committed to assisting the military community through financial support, product donations, and volunteer hours.

SpartanNash (Nasdaq: SPTN) is set to inaugurate its first Micro-Fulfillment Center in Caledonia, Michigan, on July 26. This 55,000-square-foot facility will enhance the Fast Lane grocery shopping experience by fulfilling over 1,000 orders daily, significantly increasing efficiency and product availability. The center, designed to handle 16,000 products, will support multiple local stores, doubling current Fast Lane capabilities. Since its launch in 2017, Fast Lane has accumulated nearly one million orders, reflecting strong customer engagement and demand.

The SpartanNash Foundation has launched a companywide fundraising campaign to support U.S. military heroes and their families, running until July 11. Customers at participating stores can donate $1, $5, or $10 at checkout. All funds will be distributed evenly to Team Red, White & Blue, Operation Homefront, and Honor and Remember. Since 2016, the foundation has raised nearly $1.5 million for military-related initiatives. SpartanNash emphasizes its commitment to supporting military personnel through essential goods and fundraising efforts.

The SpartanNash Foundation has announced a donation of $243,750 to Special Olympics to promote inclusion programs for individuals with intellectual disabilities. The funds will support athletes and Summer Games across several states including Iowa and Michigan. Between May 5-18, 2021, SpartanNash stores engaged customers to raise funds through donations. The company has contributed over $9.7 million since 1985 to Special Olympics, reinforcing its commitment to diversity and community support. Upcoming fundraising efforts will also target veterans and food pantries.

SpartanNash Company (Nasdaq: SPTN) has announced enhancements for its Fast Lane™ subscribers, emphasizing the convenience and savings of online grocery shopping. Annual subscriptions are now available for $49, offering benefits like free curbside pickup and half-off delivery in select areas. Subscribers can save up to $465 annually on pick fees and $208 on delivery fees. Additionally, monthly savings on products like Our Family® and Daisy Cottage Cheese are introduced. Fast Lane is available at 68 stores across six states, providing a time-saving shopping alternative.

SpartanNash Company (Nasdaq: SPTN) has partnered with Bonum Health to offer telemedicine services across its pharmacies, enhancing patient access to care. Customers can schedule a visit for $29 or opt for a subscription at $11 per month, covering all household dependents. The service aims to provide affordable health care, especially for those uninsured or seeking cost savings. This initiative complements SpartanNash's existing pharmacy services, including vaccinations and medication safety initiatives, across its 86 pharmacies in seven states.

SpartanNash Company (Nasdaq: SPTN) reported a 7.0% decline in net sales for Q1 2021, totaling $2.66 billion, compared to $2.86 billion in the prior year. EPS reached $0.54 per share, with adjusted EPS at $0.56. The company reaffirmed full-year guidance, projecting EPS between $1.48 and $1.67. Adjusted EBITDA declined to $64.8 million. Retail comparable sales decreased by 7.0% but improved 9.3% on a two-year basis. Strategic leadership appointments were announced, and a supply chain improvement initiative is slated to begin in Q2.

SpartanNash Company (Nasdaq: SPTN) has announced the appointment of Douglas Hacker as Chairman of its Board of Directors, effective after the annual shareholder meeting on May 26, 2021. Hacker, who has been with the company for 16 years, aims to guide the organization through a transformative phase following recent leadership changes, including the appointment of Tony Sarsam as President and CEO in September 2020. Under Hacker's leadership, the company expects to continue its focus on growth and operational excellence.