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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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