Spartannash Co Stock Price, News & Analysis

SpartanNash (Nasdaq: SPTN) hosted its annual Food Solutions Expo, drawing over 1,500 grocery industry leaders. The two-day event featured supplier and customer awards, educational sessions, and special deals. Key highlights include:

- Showcasing of 400+ new products, including SpartanNash OwnBrands offerings
- Recognition of seven vendors with SpartanNash Impact Awards
- Donation of approximately 30,000 meals to Feeding America
- Focus on independent grocers, who represent 33% of retail grocery industry sales ($253.6 billion annually)

The expo emphasized innovation, networking, and community support, reflecting SpartanNash's commitment to elevating the grocery shopping experience and supporting independent grocers.

SpartanNash (Nasdaq: SPTN) has appointed Dorlisa Flur as a new independent director to its Board, enhancing its ongoing board refreshment efforts. Flur brings extensive experience in grocery distribution, retail, warehousing, and logistics for multi-billion-dollar enterprises. She has served as an independent strategic advisor to Southeastern Grocers since 2018 and previously held executive positions at Belk and Family Dollar Stores. Flur also serves on the boards of Sally Beauty Holdings, United States Cold Storage, and BlueCross BlueShield NC.

This appointment marks the third independent director joining the SpartanNash Board since 2023. The Board now comprises nine directors, with seven appointed in the last five years and eight being independent. This move aligns with SpartanNash's strategy to strengthen its leadership and drive long-term sustainable growth and value creation.

SpartanNash (Nasdaq: SPTN) honored eight independent grocers with 2023-2024 Vision Awards at its annual Food Solutions Expo. The awards recognize excellence in customer service and community impact. Winners include:

• Leppinks Food Centers for community engagement
• Fresh Encounter, Inc. for crisis management
• Nilssens Foods for business growth and philanthropy
• Fate's Market for creative marketing
• Leevers Foods for innovative technology use

Three grocers were also recognized for their commitment to private label products. The expo, held from July 23-25, 2024, attracted over 1,500 attendees, offering networking opportunities and industry deals. SpartanNash, a food solutions company, serves as a wholesale supplier to over 2,100 retail locations nationwide, providing various support services to independent customers.

SpartanNash has announced a $260,000 donation to organizations supporting military and disaster relief, courtesy of its annual in-store fundraiser.

The benefiting organizations include Convoy of Hope, Operation Homefront, and Honor and Remember. This year’s fundraiser, held from May 22 to June 10, saw participation from guests at SpartanNash-operated retail stores, who could donate in-store or online.

The funds will provide essential services and support to military heroes, veterans, and disaster-affected families. SpartanNash also recently contributed 500,000 meals to disaster relief through its partnership with Convoy of Hope.

Since 2015, SpartanNash Foundation has donated over $14.1 million to various nonprofit organizations.

SpartanNash (Nasdaq: SPTN), a food solutions company, has been recognized with several national workplace awards in 2024, highlighting its exceptional culture and benefits. The awards include:

• Newsweek: America's Greatest Workplaces 2024, for Diversity, and for Job Starters.
• Great Place to Work: Certification for the second consecutive year.
• U.S. News & World Report: Best Companies to Work For overall, in the Midwest, and in the Personal Care, Drug, and Grocery Stores category.
• Best & Brightest: 11th consecutive year as a Best & Brightest Company to Work For in The Nation and 5th consecutive year as one of The Nation's Best & Brightest in Wellness.

SpartanNash's 17,000 Associates benefit from flexible paid time off, parental leave, professional development programs, and more. Over 90% of Associates deem it a safe workplace, with 81% proud of their affiliation. Young professionals engage through the Early in Career Program and a highly-rated internship program. For more, visit careers.spartannash.com.

SpartanNash (NASDAQ: SPTN) recently held its largest-ever Helping Hands Day volunteer event at the DeVos Place convention center in Grand Rapids. Approximately 700 associates packed 15,000 boxes containing over 500,000 meals and 5,000 hygiene kits, worth about $1.2 million, for disaster relief nonprofit Convoy of Hope. Additionally, SpartanNash Foundation donated $100,000 to Convoy of Hope. The event aimed to support families affected by natural disasters, reflecting the company's mission to provide quality nutrition during crises. Numerous suppliers contributed to the donations, which will be swiftly distributed to affected areas.

SpartanNash announced the appointment of Graham McIvor as Vice President, Merchandising and Pharmacy, effective immediately. McIvor's role will enhance the company's merchandising transformation and drive strategic changes in its pharmacy business. The hire reflects SpartanNash's ongoing commitment to growth and value creation for its customers. McIvor brings extensive industry experience from roles at Big Lots, Dollar Tree, and Family Dollar, and holds degrees from the University of Virginia and the University of Texas at Austin.

SpartanNash (Nasdaq: SPTN) reported first quarter fiscal 2024 results, showing a 3.5% decline in net sales to $2.81 billion, attributed to lower volumes in both the Wholesale and Retail segments. Wholesale segment sales decreased 3.4% to $2.01 billion, while Retail segment sales fell 3.6% to $792.2 million. Net earnings were $0.37 per diluted share, compared to $0.32 last year, driven by an improved gross profit rate. Adjusted EPS was $0.53, down from $0.64. Adjusted EBITDA was $74.9 million, compared to $76.8 million. The company generated $36.5 million from operating activities and increased capital expenditures to $44.1 million. SpartanNash reaffirmed its fiscal 2024 profitability guidance, projecting net sales between $9.5 billion and $9.7 billion, adjusted EBITDA of $255 million to $270 million, and adjusted EPS of $1.85 to $2.10.

SpartanNash, a food solutions company, has announced the approval of a quarterly cash dividend of $0.2175 per common share by its Board of Directors on May 22, 2024. The dividend will be disbursed on June 28, 2024, to shareholders recorded by the close of business on June 14, 2024. As of May 21, 2024, the company had 33,953,593 common shares outstanding.