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Oct 05, 2024
SpartanNash Q3 2024 Earnings Report
SpartanNash reported a decrease in net sales, offset by retail segment growth, while maintaining profitability amidst strategic investments.
Key Takeaways
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.
Net sales decreased by 0.6% to $2.25 billion, influenced by lower Wholesale segment volume.
Retail segment sales increased by 1.9%, supported by inorganic growth from recent acquisitions.
Net earnings remained stable at $0.32 per diluted share.
Adjusted EBITDA was $60.5 million, slightly down compared to $60.9 million in the prior year.
Revenue by Segment
Forward Guidance
SpartanNash 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.
Positive Outlook
- Guidance incorporates the Company’s long-term strategic initiatives.
- Guidance incorporates all transformational programs.
- Guidance incorporates tuck-in acquisitions.
- Expects low-single-digit topline growth in fiscal 2025.
- Expects mid-single-digit adjusted EBITDA growth in fiscal 2025.
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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