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Jan 02, 2021
SpartanNash Q4 2020 Earnings Report
Reported fourth quarter retail comparable store sales growth and achieved adjusted EBITDA increase.
Key Takeaways
SpartanNash reported a 12.5% increase in net sales for the fourth quarter, driven by growth in the Food Distribution segment and increased consumer demand in the Retail segment. The company's EPS was $0.34, with an adjusted EPS of $0.43. Adjusted EBITDA increased to $48.9 million, compared to $37.4 million in the prior year quarter.
Net sales increased by 12.5% to $2.25 billion.
Retail comparable store sales increased by 8.7%.
EPS was $0.34 per share, and adjusted EPS was $0.43 per share.
Adjusted EBITDA increased to $48.9 million from $37.4 million.
SpartanNash
SpartanNash
SpartanNash Revenue by Segment
Revenue by Segment
Retail Revenue
CapyFin.com Forward Guidance
Fiscal 2021 will present a new environment where we expect to see a change in consumer behavior,” continued Tony Sarsam, President and Chief Executive Officer. “While we expect this may create softness in our industry as a whole, we will look to retain our customer base which has grown during the pandemic. We will also shift our focus to prioritize investments into our future.
Positive Outlook
- Sustaining improvements in gross margin
- Sustaining improvements service levels
- Enhancing the customer experience through our private brand offerings
- Improving our associate experience through initiatives related to safety
- Improving our associate experience through initiatives related to retention