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Oct 07, 2023
SpartanNash Q3 2023 Earnings Report
SpartanNash reported an increase in net earnings and adjusted EBITDA despite a slight decrease in net sales, driven by transformational initiatives and effective cost management.
Key Takeaways
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%.
Net sales decreased by 1.4% to $2.26 billion due to volume declines in Wholesale and Retail, partially offset by higher pricing.
Retail comparable sales increased by 1.2%, primarily driven by inflationary impact on pricing.
Net earnings increased to $11.1 million, compared to $9.5 million in the prior year quarter.
Adjusted EBITDA increased to $60.9 million, compared to $57.3 million in the prior year quarter.
Revenue by Segment
Forward Guidance
SpartanNash refined its fiscal year 2023 guidance to reflect current trends and market conditions.
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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