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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.
SpartanNash
SpartanNash
SpartanNash Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comRetail Revenue
CapyFin.com 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