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SpartanNash Q1 2025 Earnings Report
SpartanNash reported a 3.7% increase in net sales, with retail comparable store sales up 1.6%, and reaffirmed its fiscal 2025 guidance.
Key Takeaways
SpartanNash achieved growth in the first quarter of fiscal 2025, with net sales increasing by 3.7% to $2.91 billion and retail comparable store sales growing by 1.6%. The company also reported record adjusted EBITDA for the quarter and reaffirmed its fiscal 2025 guidance.
Net sales increased 3.7% to $2.91 billion, driven by increased volume in the Retail segment.
Retail comparable store sales increased by 1.6%.
Adjusted EBITDA reached $76.9 million, an improvement from $74.9 million in the prior year.
Net earnings were $2.1 million, or $0.06 per diluted share, compared to $13.0 million, or $0.37 per diluted share in the prior year.
SpartanNash
SpartanNash
SpartanNash Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comRetail Revenue
CapyFin.com Forward Guidance
SpartanNash reaffirmed its fiscal 2025 guidance, expecting total net sales between $9.8 billion and $10.0 billion, adjusted EBITDA between $263 million and $278 million, adjusted EPS between $1.60 and $1.85, and capital expenditures and IT capital between $150 million and $165 million.
Positive Outlook
- Guidance incorporates benefits from the Company's long-term strategic initiatives.
- Includes benefits from all transformational programs and tuck-in acquisitions.
- The 53rd week is estimated to contribute $0.2 billion in net sales.
- The 53rd week is estimated to contribute $4.0 million in adjusted EBITDA.
- The 53rd week is estimated to contribute $0.06 in adjusted EPS.
Challenges Ahead
- Adjusted EPS guidance reflects an approximate $0.30 impact due to increased non-cash expenses.
- Increased non-cash expenses are primarily due to depreciation and amortization.
- Incremental interest costs are associated with recent acquisitions.
- Incremental interest costs are associated with capital investments.
- Full reconciliation of GAAP to non-GAAP measures for outlook is not possible due to uncertain adjustment items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income