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SpartanNash Company

SpartanNash Company

NASDAQ•SPTN
CEO: Mr. Tony Bashir Sarsam
Sector: Consumer Defensive
Industry: Food Distribution
Listing Date: 2000-08-02
SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores. This segment offers various support services to independent retailers. The Retail segment operates retail stores, fuel centers, and pharmacies primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery, Family Fresh Market, Supermercado Nuestra Familia, Forest Hills Foods, Dillonvale IGA, and Fresh City Market. It supplies private brand products to military commissaries. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in November 2013. SpartanNash Company was founded in 1917 and is headquartered in Grand Rapids, Michigan.
Contact Information
850 76th Street, S.W., P.O. Box 8700, Grand Rapids, MI, 49518-8700, United States
616-878-2000
www.spartannash.com
Market Cap
$910.90M
P/E (TTM)
-57.1
29
Dividend Yield
3.3%
52W High
$27.07
52W Low
$17.30
52W Range
98%
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2025 Data

Revenue

$2.27B+1.81%
4-Quarter Trend

EPS

$0.18-47.06%
4-Quarter Trend

FCF

$67.15M-2.29%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Net Sales Increased 1.8% Net sales grew 1.8% to $2.27B USD for the quarter; Retail sales up 12.8% offset Wholesale sales down 3.0%.
Gross Profit Rises 8.4% Gross profit increased 8.4% to $382.6M USD, driven by higher Retail sales mix and Wholesale gross profit rate expansion.
Quarterly Dividend Increased Quarterly dividend rate increased 1.1% to $0.22 per share, with $7.7M USD in dividends declared during the period.
Cash Position Strengthened Cash and equivalents grew to $25.5M USD at period end, up from $21.6M USD reported at December 28, 2024.

Risk Factors

Net Earnings Declined Sharply Quarterly net earnings fell 46.1% to $6.2M USD; diluted EPS decreased to $0.18 compared to $0.34 previously.
Wholesale Customer Transition Significant Wholesale customer advised intent to begin in-sourcing, expected to negatively impact future segment sales volume.
Operating Earnings Pressure Operating earnings dropped 30.6% to $18.1M USD due to increased SG&A expenses and acquisition integration costs.
Pending Merger Uncertainty Failure to complete C&S merger on agreed terms or delays could materially affect business, cash flows, and stock price.

Outlook

C&S Acquisition Expected Merger agreement signed for C&S to acquire SpartanNash for $1.77B USD consideration, expected to close late 2025.
Capital Spending Details Capital expenditures and IT spending totaled $56.2M USD in the first half of fiscal 2025, supporting strategic initiatives.
Shareholder Returns Maintained Returned $15.5M USD to shareholders via dividends during the first half of fiscal 2025, maintaining capital allocation.
Liquidity Remains Sufficient Management believes operating cash flow and credit facility availability are sufficient for foreseeable working capital needs.

Peer Comparison

Revenue (TTM)

SpartanNash CompanySPTN
$9.69B
+1.5%
Mama's Creations, Inc.MAMA
$151.31M
+29.9%

Gross Margin (Latest Quarter)

Mama's Creations, Inc.MAMA
23.6%
+1.0pp
SpartanNash CompanySPTN
16.8%
+1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SPTN$910.90M-57.1-2.1%41.4%
MAMA$546.83M122.114.3%9.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
-17.2%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2025

    Period End: Jul 12, 2025|Filed: Aug 14, 2025|
    Revenue: $2.27B+1.8%
    |
    EPS: $0.18-47.1%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Apr 19, 2025|Filed: May 29, 2025|
    Revenue: $2.91B+3.7%
    |
    EPS: $0.06-84.2%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 28, 2024|Filed: Feb 26, 2025|
    Revenue: $9.55B-1.8%
    |
    EPS: $0.01-99.2%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Oct 5, 2024|Filed: Nov 7, 2024|
    Revenue: $2.25B-0.6%
    |
    EPS: $0.32-3.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jul 13, 2024|Filed: Aug 15, 2024|
    Revenue: $2.23B-3.5%
    |
    EPS: $0.34-40.4%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Apr 20, 2024|Filed: May 30, 2024|
    Revenue: $2.81B-3.5%
    |
    EPS: $0.38+15.2%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 30, 2023|Filed: Feb 28, 2024|
    Revenue: $7.48B-22.4%
    |
    EPS: $1.22+24.5%
    Miss

  • Form 10-Q - Q3 2023

    Period End: Oct 7, 2023|Filed: Nov 9, 2023|
    Revenue: $2.26B-1.4%
    |
    EPS: $0.33+22.2%
    Miss