SpartanNash Earnings Reports

SpartanNash reported a 0.7% increase in net sales to $2.26 billion for the fourth quarter of fiscal year 2024, driven by an increase in the Retail segment, partially offset by lower volume in the Wholesale segment. The company reported a net loss of $1.04 per diluted share, compared to net earnings of $0.30 per diluted share, which included the write-off of $45.7 million of goodwill within the Retail segment. Adjusted EPS was $0.42, compared to $0.35, and Adjusted EBITDA was $58.6 million, compared to $53.6 million.

SpartanNash reported a slight decrease in net sales by 0.6% to $2.25 billion, driven by lower volume in the Wholesale segment, which was partially offset by a 1.9% increase in the Retail segment. Net earnings remained consistent at $0.32 per diluted share. The company is updating its fiscal year 2024 guidance to reflect current trends and market conditions and anticipates low-single-digit topline growth and mid-single-digit adjusted EBITDA growth in fiscal 2025.

SpartanNash reported a decrease in net sales by 3.5% to $2.23 billion due to lower volumes in both Wholesale and Retail segments. Net earnings decreased to $0.34 per diluted share, compared to $0.57 per diluted share, primarily due to lower unit volumes and higher restructuring and asset impairment charges. Adjusted EPS was $0.59, compared to $0.65, and Adjusted EBITDA was $64.5 million, compared to $66.1 million.

SpartanNash reported a decrease in net sales by 3.5% to $2.81 billion, driven by lower volumes in both Wholesale and Retail segments. Net earnings increased to $0.37 per diluted share, while adjusted EPS was $0.53. The company reaffirmed its fiscal year 2024 profitability guidance.

SpartanNash reported a decrease in net sales for the fourth quarter of 2023, driven by lower volumes in both the Wholesale and Retail segments. However, the company's net earnings and adjusted EPS increased compared to the prior year. The increase in net earnings was primarily due to a higher gross profit rate and lower incentive compensation.

SpartanNash reported third-quarter results with net sales of $2.26 billion, a 1.4% decrease year-over-year. However, net earnings increased to $11.1 million, and adjusted EBITDA rose to $60.9 million. The company's retail comparable sales increased by 1.2%.

SpartanNash reported net sales of $2.31 billion, a 1.7% increase compared to the prior year quarter, with retail comparable sales increasing by 3.9%. Net earnings reached $19.5 million, significantly higher than the $5.1 million in the prior year quarter, and adjusted EBITDA increased to $66.1 million from $61.8 million in the prior year quarter.

SpartanNash reported a 5.2% increase in net sales to $2.91 billion, driven by growth in both Wholesale and Retail segments. The company reaffirmed its fiscal year 2023 guidance and commitment to its long-term fiscal 2025 plan. Net earnings were $11.3 million, compared to $19.3 million in the prior year quarter.

SpartanNash reported a 10.3% increase in net sales for the quarter, reaching $2.3 billion. However, net earnings decreased to $0.7 million compared to $22.2 million in the prior year quarter. Adjusted EBITDA increased to $47.2 million from $43.0 million in the prior year quarter.

SpartanNash reported a strong third quarter with net sales increasing by 10.8% to $2.3 billion, driven by growth in both the Wholesale and Retail segments, which were favorably impacted by inflation. The company's adjusted EBITDA increased by 11.3% to $57.3 million, and retail comparable sales increased by 8.0%. However, net earnings decreased by 37.6% to $9.5 million compared to the prior year quarter.

SpartanNash reported a strong second quarter in fiscal year 2022, with net sales increasing by 7.9% to $2.3 billion compared to the prior year quarter. The company's adjusted EBITDA increased by 13.7% to $61.8 million, and retail comparable sales rose by 6.5%.

SpartanNash reported a 0.6% increase in net sales to $2.07 billion, driven by growth in Food Distribution and Retail, with retail comparable store sales increasing by 3.1%. EPS was $0.42 per share, and adjusted EPS was $0.43 per share. The company raised its full-year earnings outlook.

SpartanNash reported a decrease in net sales by 3.6% to $2.11 billion compared to the prior year quarter, primarily due to decreased consumer demand related to the COVID-19 pandemic. EPS was $0.47, and adjusted EPS was $0.54. The company increased the low end of its fiscal 2021 profitability outlook range.

SpartanNash reported a decrease in net sales for the first quarter of 2021, primarily due to the cycling of increased consumer demand related to the COVID-19 pandemic in the prior year. However, the company's profitability remained consistent with expectations, driven by improvements in gross margin and strategic investments in supply chain processes and leadership team.

SpartanNash reported a 12.5% increase in net sales for the fourth quarter, driven by growth in the Food Distribution segment and increased consumer demand in the Retail segment. The company's EPS was $0.34, with an adjusted EPS of $0.43. Adjusted EBITDA increased to $48.9 million, compared to $37.4 million in the prior year quarter.

SpartanNash reported a 3.1% increase in net sales to $2.06 billion. The company's EPS was $0.56, and adjusted EPS increased 133% to $0.70. Adjusted EBITDA increased 37.2% to $57.0 million.

SpartanNash reported a strong second quarter with net sales increasing by 9.4% to $2.18 billion and EPS of $0.80. The company's retail comparable store sales increased by 17.1%.

SpartanNash reported a 12.4% increase in net sales, reaching $2.86 billion, and a 15.6% rise in retail comparable store sales. EPS increased by 105% to $0.43, with adjusted EPS up 179% to $0.67. The company also improved its leverage ratio by paying down over $90 million in long-term debt and raised its fiscal year 2020 outlook.

SpartanNash reported a 5.3% increase in net sales to $2.0 billion for the fourth quarter of 2019, driven by the acquisition of Martin's and higher sales in the Food Distribution segment. Retail comparable store sales were positive for the second consecutive quarter at 0.5%. The company's EPS was $0.15 per share, with an adjusted EPS of $0.23.