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Jul 12, 2025
SpartanNash Q2 2025 Earnings Report
SpartanNash reported lower earnings for Q2 2025 due to merger-related and restructuring costs, though revenue rose on recent acquisitions.
Key Takeaways
SpartanNash delivered $2.27 billion in Q2 revenue, with gains from retail acquisitions offsetting wholesale declines. Net income fell to $6.2 million, driven by costs related to the pending C&S merger and increased amortization. Adjusted EBITDA improved to $68.7 million.
Net sales rose 1.8% year-over-year to $2.27 billion, aided by retail acquisitions.
Net income fell to $6.2 million due to higher merger and restructuring costs.
Adjusted EPS was $0.54 compared to $0.59 a year earlier.
Adjusted EBITDA increased to $68.7 million from $64.5 million.
Revenue by Segment
Forward Guidance
Due to the pending acquisition by C&S Wholesale Grocers, SpartanNash did not provide forward guidance for fiscal 2025.
Positive Outlook
- Revenue increase driven by strategic retail acquisitions.
- Adjusted EBITDA improved compared to prior year.
- Net long-term debt to adjusted EBITDA improved to 2.7x.
- Lower corporate administrative costs helped profitability.
- Continued investment in IT modernization and retail infrastructure.
Challenges Ahead
- Net income decreased significantly from prior year.
- Wholesale segment experienced a 3% decline in net sales.
- Higher depreciation and amortization impacted EPS.
- Retail comparable store sales fell by 0.5%.
- Pending merger introduced operational uncertainty and related costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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