SpartanNash Welcomes Erin Storm as SVP, Chief Marketing Officer


Storm brings CPG marketing experience from Kellogg’s and Kellanova to the food solutions company

GRAND RAPIDS, Mich., Aug. 26, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) today announced Erin Storm has been hired as Senior Vice President and Chief Marketing Officer. Storm will lead the marketing function, including the OwnBrands portfolio, retail marketing programs, e-commerce and digital experience, creative services, shopper insights and loyalty.

Storm joins SpartanNash following an 18-year career with Kellogg’s® and its spin-off Kellanova™, where she was most recently the Vice President of Commercial Strategy. Prior to that, Storm held a variety of marketing roles with increasing leadership responsibility, including Vice President of Marketing in which she oversaw brand and innovation across the $3 billion salty category for brands such as Pringles®, Cheez-It and Club® Crackers. She previously led the Cheez-It brand marketing team, inclusive of activations like the Cheez-It Citrus Bowl. Her team’s creative has earned national awards and recognition, including an Andy Award for a 2024 Pringles Super Bowl® ad.

“Erin is a talented brand marketer with proven success in growing the demand for products that have become popular household favorites,” said SpartanNash CEO Tony Sarsam. “She will play a pivotal role in driving brand awareness for our retail banners and OwnBrands portfolio, capturing market share, and leveraging consumer insights for product innovation.”

Throughout her career, Storm has provided leadership for brands that include Froot Loops®, Frosted Mini Wheats®, Special K®, Rice Krispies Treats®, Eggo®, MorningStar Farms®, Kellogg’s Raisin Bran®, Frosted Flakes® and Apple Jacks. She earned her undergraduate degrees in marketing and finance from the University of Delaware and her Master of Business Administration from Indiana University’s Kelley School of Business.

Super Bowl is a registered trademark of NFL Properties, LLC.
Kellogg’s, Cheez-It, Club, Fruit Loops, Special K, Rice Krispies Treats, Eggo, MorningStar Farms, Kellogg’s Raisin Bran, and Frosted Flakes are registered trademarks of Kellogg North America Company, LLC.
Frosted Mini Wheats and Apple Jacks are registered trademark of WK Kellogg North America Company, LLC.
Kellanova is a trademark of Kellanova.
Pringles is a registered trademark of Pringles, LLC.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

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SOURCE SpartanNash

SpartanNash Empowers Young Leaders with Back-to-School Fundraiser Benefiting Junior Achievement


In-store and online donations made today through Sept. 2 support programming designed to inspire and prepare students for success

GRAND RAPIDS, Mich., Aug. 21, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) today launched its annual in-store and online fundraiser through the SpartanNash Foundation, benefiting youth education nonprofit Junior Achievement (JA).

This annual fundraiser is part of an ongoing partnership between SpartanNash and JA to develop programs that help students explore careers in the food industry, which is aligned with JA’s mission to “inspire and prepare young people to succeed in a global economy.” Last year, the companies launched a new experiential activation at JA Finance Park®, featuring an immersive grocery storefront, which serves to inspire and educate students about SpartanNash careers and financial planning.

“SpartanNash is proud to raise funds for JA, whose impactful work in financial literacy, career readiness and entrepreneurship nurtures career dreams of young leaders nationwide,” said SpartanNash Senior Vice President of Communications and Executive Director of the SpartanNash Foundation Adrienne Chance, who also serves on the Board of Directors for JA of Michigan Great Lakes. “With the help of our communities, we can all contribute to student readiness as they prepare to enter adulthood and the workforce.”

Proceeds from this fundraiser will go toward expanding access to JA’s educational curriculums. Donations will be collected at participating SpartanNash-operated retail stores, including Family Fare, Martin’s Super Markets, D&W Fresh Market, Metcalfe’s Market and fuel centers. Store guests can donate $1, $5 or $10 at checkout or round up to the nearest dollar. Online donations will also be accepted for online orders.

“SpartanNash’s commitment to providing positive, enriching learning experiences promotes greater economic opportunity and equity in our communities,” said Junior Achievement of Michigan Great Lakes President and CEO Bill Coderre. “Thanks to their consistent partnership, we’re able to deliver programming that helps students learn about economic dynamics, which sets them up to be successful and confident adults.”

To learn more about the SpartanNash foundation and its impact, please visit spartannash.com/foundation.

JA Finance Park® is a registered trademark of Junior Achievement USA

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/spartannash-empowers-young-leaders-with-back-to-school-fundraiser-benefiting-junior-achievement-302227007.html

SOURCE SpartanNash

SpartanNash Announces Second Quarter Fiscal 2024 Results


Reaffirms Fiscal 2024 Guidance

Pilots Customer Value Proposition in Retail Segment

GRAND RAPIDS, Mich., Aug. 15, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) today reported financial results for its 12-week second quarter ended July 13, 2024.

Download a printable version of this press release

“The team’s execution of our transformational initiatives has created a foundation for future growth while contributing to our margin gains year-to-date,” said SpartanNash President and CEO Tony Sarsam. “We are pleased with the progression of our investments in margin-enhancing programs and expect benefits by the end of the year. Building on this progress, we are piloting a Customer Value Proposition initiative that is informed by extensive shopper data and insights, aimed at enhancing freshness, value and convenience. As part of this store modernization program, we are lowering prices on 6,000 products to bring more value to our shoppers today.”

Second Quarter Fiscal 2024 Highlights(1)

  • Net sales decreased 3.5% to $2.23 billion, driven by lower volumes in both the Wholesale and Retail segments.
    • Wholesale segment net sales decreased 4.8% to $1.55 billion primarily due to reduced volumes in the national accounts customer channel.
    • Retail segment net sales decreased 0.4% to $676.1 million, with comparable store sales down 2.5%. Incremental sales from newly acquired Metcalfe’s Market stores were offset by lower consumer demand trends.
  • Net earnings of $0.34 per diluted share, compared to $0.57 per diluted share.
    • The decrease was primarily due to lower unit volumes and higher restructuring and asset impairment charges. This reduction was partially offset by benefits from the merchandising transformation, favorable segment sales mix, as well as lower LIFO expense of $3.2 million.
  • Adjusted EPS(2) of $0.59, compared to $0.65. Adjusted EBITDA(3) of $64.5 million, compared to $66.1 million. These measures exclude, among other items, restructuring and asset impairment charges, the impact of the LIFO provision and acquisition and integration expenses.

Other Fiscal 2024 Highlights(4)

  • Cash generated from operating activities of $132.1 million compared to $49.7 million. The 166.0% increase in cash from operating activities is due primarily to ongoing working capital management initiatives.
  • Net long-term debt(5) to adjusted EBITDA(3) ratio of 2.2x improved sequentially compared to 2.4x at the end of the first quarter.
  • Capital expenditures and IT capital(6) of $73.4 million compared to $63.5 million.
  • Returned $30.4 million to shareholders through $15.1 million in share repurchases and $15.4 million in dividends.

(1)

All comparisons are for the second quarter of 2024 compared with the second quarter of 2023, unless otherwise noted.

(2)

A reconciliation of net earnings to adjusted earnings from continuing operations, as well as per diluted share (“adjusted EPS”), a non-GAAP financial measure, is provided in Table 3.

(3)

A reconciliation of net earnings to adjusted EBITDA, a non-GAAP financial measure, is provided in Table 2.

(4)

All comparisons are for the fiscal year-to-date 2024 compared with the fiscal year-to-date 2023, unless otherwise noted.

(5)

A reconciliation of long-term debt and finance lease obligations to net long-term debt, a non-GAAP financial measure, is provided in Table 4.

(6)

A reconciliation of purchases of property and equipment to capital expenditures and IT capital, a non-GAAP financial measure, is provided in Table 5.

Fiscal 2024 Outlook

Based on the Company’s performance to date and the current outlook for the remainder of fiscal 2024, the Company reaffirmed its previous guidance provided on May 30, 2024. The following table provides the Company’s guidance for fiscal 2024:

Fiscal 2023

Fiscal 2024 Outlook

(In millions, except adjusted EPS(2))

Actual

Low

High

Total net sales

$

9,729

$

9,500

$

9,700

Adjusted EBITDA(3)

$

257

$

255

$

270

Adjusted EPS(2)

$

2.18

$

1.85

$

2.10

Capital expenditures and IT capital(6)

$

127

$

135

$

145

Guidance incorporates the Company’s long-term strategic initiatives, including all transformational programs and tuck-in acquisitions.

Conference Call & Supplemental Earnings Presentation

The Company will host a conference call to discuss its quarterly results with additional comments and details on Thursday, Aug. 15, 2024, at 10:30 a.m. ET. There will also be a simultaneous, live webcast made available at SpartanNash’s website at spartannash.com/webcasts under the “Investor Relations” section and will remain archived on the Company’s website through Thursday, Aug. 29, 2024.

A supplemental quarterly earnings presentation will also be available on the Company’s website at spartannash.com/investor-presentations.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our FamilyĀ® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

Forward-Looking Statements

The matters discussed in this press release and in the Company’s website-accessible conference calls with analysts and investor presentations include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”), about the plans, strategies, objectives, goals or expectations of the Company. These forward-looking statements may be identifiable by words or phrases indicating that the Company or management “expects,” “projects,” “anticipates,” “plans,” “believes,” “intends,” or “estimates,” or that a particular occurrence or event “may,” “could,” “should,” “will” or “will likely” result, occur or be pursued or “continue” in the future, that the “outlook,” “trend,” “guidance” or “target” is toward a particular result or occurrence, that a development is an “opportunity,” “priority,” “strategy,” “focus,” that the Company is “positioned” for a particular result, or similarly stated expectations. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies may affect actual results and could cause actual results to differ materially. These risks and uncertainties include the Company’s ability to compete in an extremely competitive industry; the Company’s dependence on certain major customers; the Company’s ability to implement its growth strategy and transformation initiatives; the Company’s ability to implement its growth strategy through acquisitions and successfully integrate acquired businesses; disruptions to the Company’s information security network, including security breaches and cyber-attacks; impacts to the availability and performance of the Company’s information technology systems; changes in relationships with the Company’s vendor base; changes in product availability and product pricing from vendors; macroeconomic uncertainty, including rising inflation, potential economic recession, and increasing interest rates; difficulty attracting and retaining well-qualified Associates and effectively managing increased labor costs; failure to successfully retain or manage transitions with executive leaders and other key personnel; impacts to the Company’s business and reputation due to an increasing focus on environmental, social and governance matters; customers to whom the Company extends credit or for whom the Company guarantees loans may fail to repay the Company; changes in the geopolitical conditions; disruptions associated with severe weather conditions and natural disasters, including effects from climate change; disruptions associated with disease outbreaks; the Company’s ability to manage its private brand program for U.S. military commissaries, including the termination of the program or not achieving the desired results; impairment charges for goodwill or other long-lived assets; the Company’s level of indebtedness; interest rate fluctuations; the Company’s ability to service its debt and to comply with debt covenants; changes in government regulations; labor relations issues; changes in the military commissary system, including its supply chain, or in the level of governmental funding; product recalls and other product-related safety concerns; cost increases related to multi-employer pension plans; and other risks and uncertainties listed under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and in subsequent filings with the Securities and Exchange Commission. Additional risks and uncertainties not currently known to the Company or that the Company currently believes are immaterial also may impair its business, operations, liquidity, financial condition and prospects. The Company undertakes no obligation to update or revise its forward-looking statements to reflect developments that occur or information obtained after the date of this press release.

INVESTOR CONTACT:
Kayleigh Campbell
Head of Investor Relations
[email protected]

MEDIA CONTACT:
Adrienne Chance
SVP, Communications
[email protected]

SPARTANNASH COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

12 Weeks Ended

28 Weeks Ended

July 13,

July 15,

July 13,

July 15,

(In thousands, except per share amounts)

2024

2023

2024

2023

Net sales

$

2,230,756

$

2,312,394

$

5,037,019

$

5,219,788

Cost of sales

1,877,753

1,960,012

4,243,672

4,420,740

Gross profit

353,003

352,382

793,347

799,048

Operating expenses

Selling, general and administrative

318,157

318,795

721,790

736,991

Acquisition and integration, net

2,613

55

2,940

129

Restructuring and asset impairment, net

6,107

(2,254)

11,875

1,829

Total operating expenses

326,877

316,596

736,605

738,949

Operating earnings

26,126

35,786

56,742

60,099

Other expenses and (income)

Interest expense, net

10,541

9,349

24,028

20,938

Other, net

(550)

(685)

(1,598)

(1,724)

Total other expenses, net

9,991

8,664

22,430

19,214

Earnings before income taxes

16,135

27,122

34,312

40,885

Income tax expense

4,646

7,654

9,852

10,080

Net earnings

$

11,489

$

19,468

$

24,460

$

30,805

Net earnings per basic common share

$

0.34

$

0.57

$

0.72

$

0.90

Net earnings per diluted common share

$

0.34

$

0.56

$

0.71

$

0.88

Weighted average shares outstanding:

Basic

33,726

34,125

33,962

34,366

Diluted

33,958

34,641

34,329

35,116

SPARTANNASH COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

July 13,

December 30,

(In thousands)

2024

2023

Assets

Current assets

Cash and cash equivalents

$

25,242

$

17,964

Accounts and notes receivable, net

426,869

421,859

Inventories, net

527,595

575,226

Prepaid expenses and other current assets

65,126

62,440

Total current assets

1,044,832

1,077,489

Property and equipment, net

662,501

649,071

Goodwill

190,214

182,160

Intangible assets, net

102,793

101,535

Operating lease assets

266,221

242,146

Other assets, net

99,323

103,174

Total assets

$

2,365,884

$

2,355,575

Liabilities and Shareholders Equity

Current liabilities

Accounts payable

$

466,830

$

473,419

Accrued payroll and benefits

60,720

78,076

Other accrued expenses

63,557

57,609

Current portion of operating lease liabilities

42,394

41,979

Current portion of long-term debt and finance lease liabilities

9,754

8,813

Total current liabilities

643,255

659,896

Long-term liabilities

Deferred income taxes

81,114

73,904

Operating lease liabilities

252,850

226,118

Other long-term liabilities

25,897

28,808

Long-term debt and finance lease liabilities

586,427

588,667

Total long-term liabilities

946,288

917,497

Commitments and contingencies

Shareholders equity

Common stock, voting, no par value; 100,000 shares

authorized; 33,750 and 34,610 shares outstanding

449,076

460,299

Preferred stock, no par value, 10,000 shares

authorized; no shares outstanding

Accumulated other comprehensive income

1,005

796

Retained earnings

326,260

317,087

Total shareholders equity

776,341

778,182

Total liabilities and shareholders equity

$

2,365,884

$

2,355,575

SPARTANNASH COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

28 Weeks Ended

(In thousands)

July 13, 2024

July 15, 2023

Cash flow activities

Net cash provided by operating activities

$

132,098

$

49,656

Net cash used in investing activities

(79,495)

(57,057)

Net cash used in financing activities

(45,325)

(4,775)

Net increase (decrease) in cash and cash equivalents

7,278

(12,176)

Cash and cash equivalents at beginning of the period

17,964

29,086

Cash and cash equivalents at end of the period

$

25,242

$

16,910

SPARTANNASH COMPANY AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL DATA

Table 1: Sales and Operating Earnings (Loss) by Segment

(Unaudited)

12 Weeks Ended

28 Weeks Ended

(In thousands)

July 13, 2024

July 15, 2023

July 13, 2024

July 15, 2023

Wholesale Segment:

Net sales

$

1,554,628

69.7

%

$

1,633,364

70.6

%

$

3,568,649

70.8

%

$

3,719,048

71.2

%

Operating earnings

22,067

21,542

58,069

47,867

Retail Segment:

Net sales

676,128

30.3

%

679,030

29.4

%

1,468,370

29.2

%

1,500,740

28.8

%

Operating earnings (loss)

4,059

14,244

(1,327)

12,232

Total:

Net sales

$

2,230,756

100.0

%

$

2,312,394

100.0

%

$

5,037,019

100.0

%

$

5,219,788

100.0

%

Operating earnings

26,126

35,786

56,742

60,099

Non-GAAP Financial Measures

In addition to reporting financial results in accordance with GAAP, the Company also provides information regarding adjusted earnings from continuing operations, as well as per diluted share (“adjusted EPS”), net long-term debt, capital expenditures and IT capital, and adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”). These are non-GAAP financial measures, as defined below, and are used by management to allocate resources, assess performance against its peers and evaluate overall performance. The Company believes these measures provide useful information for both management and its investors. The Company believes these non-GAAP measures are useful to investors because they provide additional understanding of the trends and special circumstances that affect its business. These measures provide useful supplemental information that helps investors to establish a basis for expected performance and the ability to evaluate actual results against that expectation. The measures, when considered in connection with GAAP results, can be used to assess the overall performance of the Company as well as assess the Company’s performance against its peers. These measures are also used as a basis for certain compensation programs sponsored by the Company. In addition, securities analysts, fund managers and other shareholders and stakeholders that communicate with the Company request its financial results in these adjusted formats.

Current year adjusted earnings from continuing operations, and adjusted EBITDA exclude, among other items, LIFO expense, organizational realignment, severance associated with cost reduction initiatives and operating and non-operating costs associated with the postretirement plan amendment and settlement. Current year organizational realignment includes consulting and severance costs associated with the Company’s change in its go-to-market strategy as part of its long-term plan, which relates to the reorganization of certain functions. Costs related to the postretirement plan amendment and settlement include operating and non-operating expenses associated with amortization of the prior service credit related to the amendment of the retiree medical plan, which are adjusted out of adjusted earnings from continuing operations. Postretirement plan amendment and settlement costs also include operating expenses related to payroll taxes which are adjusted out of all non-GAAP financial measures. Prior year adjusted earnings from continuing operations, and adjusted EBITDA exclude, among other items, LIFO expense, organizational realignment, severance associated with cost reduction initiatives and a non-routine settlement related to a legal matter resulting from a previously closed operation that was resolved during the prior year and operating and non-operating costs associated with the postretirement plan amendment and settlement.

Each of these items are considered “non-operational” or “non-core” in nature.

The Company is unable to provide a full reconciliation of the GAAP to non-GAAP measures used in the Fiscal 2024 Outlook section of this press release without unreasonable effort because it is not possible to predict certain adjustment items with a reasonable degree of certainty since they are not yet known or quantifiable, and do not relate to the Company’s normal operating activities. These adjustments may include, among other items, restructuring and asset impairment activity, acquisition and integration costs, severance, costs related to the postretirement plan amendment and settlement, and organizational realignment costs, and the impact of adjustments to the LIFO inventory reserve. This information is dependent upon future events, which may be outside of the Company’s control and could have a significant impact on its GAAP financial results for fiscal 2024.

Table 2: Reconciliation of Net Earnings to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization

(Adjusted EBITDA)

(A Non-GAAP Financial Measure)

(Unaudited)

12 Weeks Ended

28 Weeks Ended

(In thousands)

July 13, 2024

July 15, 2023

July 13, 2024

July 15, 2023

Net earnings

$

11,489

$

19,468

$

24,460

$

30,805

Income tax expense

4,646

7,654

9,852

10,080

Other expenses, net

9,991

8,664

22,430

19,214

Operating earnings

26,126

35,786

56,742

60,099

Adjustments:

LIFO expense

1,509

4,667

3,529

15,839

Depreciation and amortization

23,342

22,458

53,988

52,203

Acquisition and integration, net

2,613

55

2,940

129

Restructuring and asset impairment, net

6,107

(2,254)

11,875

1,829

Cloud computing amortization

1,840

1,076

3,858

2,426

Organizational realignment, net

1,369

2,029

1,675

2,029

Severance associated with cost reduction initiatives

72

(12)

141

272

Stock-based compensation

1,900

2,465

5,620

7,612

Stock warrant

190

353

516

960

Non-cash rent

(725)

(635)

(1,626)

(1,563)

Loss on disposal of assets

64

24

44

46

Legal settlement

900

Postretirement plan amendment and settlement

99

94

99

94

Adjusted EBITDA

$

64,506

$

66,106

$

139,401

$

142,875

Wholesale:

Operating earnings

$

22,067

$

21,542

$

58,069

$

47,867

Adjustments:

LIFO expense

1,153

3,590

2,708

12,323

Depreciation and amortization

12,301

11,644

28,379

27,014

Acquisition and integration, net

1,977

55

1,977

124

Restructuring and asset impairment, net

118

1

(32)

981

Cloud computing amortization

1,155

725

2,524

1,665

Organizational realignment, net

855

1,266

1,046

1,266

Severance associated with cost reduction initiatives

30

(7)

99

257

Stock-based compensation

1,357

1,611

3,861

4,994

Stock warrant

190

353

516

960

Non-cash rent

(243)

(63)

(543)

(138)

Gain on disposal of assets

(1)

(45)

(19)

(35)

Legal settlement

900

Postretirement plan amendment and settlement

62

59

62

59

Adjusted EBITDA

$

41,021

$

40,731

$

98,647

$

98,237

Retail:

Operating earnings (loss)

$

4,059

$

14,244

$

(1,327)

$

12,232

Adjustments:

LIFO expense

356

1,077

821

3,516

Depreciation and amortization

11,041

10,814

25,609

25,189

Acquisition and integration, net

636

963

5

Restructuring and asset impairment, net

5,989

(2,255)

11,907

848

Cloud computing amortization

685

351

1,334

761

Organizational realignment, net

514

763

629

763

Severance associated with cost reduction initiatives

42

(5)

42

15

Stock-based compensation

543

854

1,759

2,618

Non-cash rent

(482)

(572)

(1,083)

(1,425)

Loss on disposal of assets

65

69

63

81

Postretirement plan amendment and settlement

37

35

37

35

Adjusted EBITDA

$

23,485

$

25,375

$

40,754

$

44,638

Table 2: Reconciliation of Net Earnings to Adjusted Earnings Before Interest, Taxes,

Depreciation and Amortization, continued

(Adjusted EBITDA)

(A Non-GAAP Financial Measure)

(Unaudited)

52 Weeks Ended

(In thousands)

2023

Net earnings

$

52,237

Income tax expense

17,888

Other expenses, net

36,587

Operating earnings

106,712

Adjustments:

LIFO expense

16,104

Depreciation and amortization

98,639

Acquisition and integration, net

3,416

Restructuring and asset impairment, net

9,190

Cloud computing amortization

5,034

Organizational realignment, net

5,239

Severance associated with cost reduction initiatives

318

Stock-based compensation

12,536

Stock warrant

1,559

Non-cash rent

(2,599)

Loss on disposal of assets

259

Legal settlement

900

Postretirement plan amendment and settlement

94

Adjusted EBITDA

$

257,401

Notes: Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“adjusted EBITDA”) is a non-GAAP operating financial measure that the Company defines as net earnings plus interest, discontinued operations, depreciation and amortization, and other non-cash items including share-based payments (equity awards measured in accordance with ASC 718, Stock Compensation, which include both stock-based compensation to employees and stock warrants issued to non-employees) and the LIFO provision, as well as adjustments for items that do not reflect the ongoing operating activities of the Company.

Adjusted EBITDA and adjusted EBITDA by segment are not measures of performance under GAAP and should not be considered as a substitute for net earnings, cash flows from operating activities and other income or cash flow statement data. The Company’s definitions of adjusted EBITDA and adjusted EBITDA by segment may not be identical to similarly titled measures reported by other companies.

Table 3: Reconciliation of Net Earnings to

Adjusted Earnings from Continuing Operations, as well as per diluted share (“adjusted EPS”)

(A Non-GAAP Financial Measure)

(Unaudited)

12 Weeks Ended

July 13, 2024

July 15, 2023

per diluted

per diluted

(In thousands, except per share amounts)

Earnings

share

Earnings

share

Net earnings

$

11,489

$

0.34

$

19,468

$

0.56

Adjustments:

LIFO expense

1,509

4,667

Acquisition and integration, net

2,613

55

Restructuring and asset impairment, net

6,107

(2,254)

Organizational realignment, net

1,369

2,029

Severance associated with cost reduction initiatives

72

(12)

Postretirement plan amendment and settlement

(513)

(631)

Total adjustments

11,157

3,854

Income tax effect on adjustments (a)

(2,767)

(955)

Total adjustments, net of taxes

8,390

0.25

2,899

0.09

*

Adjusted earnings from continuing operations

$

19,879

$

0.59

$

22,367

$

0.65

* Includes rounding

28 Weeks Ended

July 13, 2024

July 15, 2023

per diluted

per diluted

(In thousands, except per share amounts)

Earnings

share

Earnings

share

Net earnings

$

24,460

$

0.71

$

30,805

$

0.88

Adjustments:

LIFO expense

3,529

15,839

Acquisition and integration, net

2,940

129

Restructuring and asset impairment, net

11,875

1,829

Organizational realignment, net

1,675

2,029

Severance associated with cost reduction initiatives

141

272

Postretirement plan amendment and settlement

(1,458)

(1,649)

Legal settlement

900

Total adjustments

18,702

19,349

Income tax effect on adjustments (a)

(4,803)

(4,925)

Total adjustments, net of taxes

13,899

0.41

*

14,424

0.41

Adjusted earnings from continuing operations

$

38,359

$

1.12

$

45,229

$

1.29

* Includes rounding

(a)

The income tax effect on adjustments is computed by applying the effective tax rate, before discrete tax items, to the total adjustments for the period.

52 Weeks Ended

December 30, 2023

per diluted

(In thousands, except per share data)

Earnings

share

Net earnings

$

52,237

$

1.50

Adjustments:

LIFO expense

16,104

Acquisition and integration, net

3,416

Restructuring and asset impairment, net

9,190

Organizational realignment, net

5,239

Severance associated with cost reduction initiatives

318

Legal settlement

900

Postretirement plan amendment and settlement

(3,174)

Total adjustments

31,993

Income tax effect on adjustments (a)

(8,218)

Total adjustments, net of taxes

23,775

0.68

Adjusted earnings from continuing operations

$

76,012

$

2.18

(a)

The income tax effect on adjustments is computed by applying the effective tax rate, before discrete tax items, to the total adjustments for the period.

Notes: Adjusted earnings from continuing operations, as well as per diluted share (“adjusted EPS”), is a non-GAAP operating financial measure that the Company defines as net earnings plus or minus adjustments for items that do not reflect the ongoing operating activities of the Company and costs associated with the closing of operational locations.

Adjusted earnings from continuing operations is not a measure of performance under GAAP and should not be considered as a substitute for net earnings, cash flows from operating activities and other income or cash flow statement data. The Company’s definition of adjusted earnings from continuing operations may not be identical to similarly titled measures reported by other companies.

Table 4: Reconciliation of Long-Term Debt and Finance Lease Obligations to Net Long-Term Debt

(A Non-GAAP Financial Measure)

(Unaudited)

(In thousands)

July 13, 2024

December 30, 2023

Current portion of long-term debt and finance lease liabilities

$

9,754

$

8,813

Long-term debt and finance lease liabilities

586,427

588,667

Total debt

596,181

597,480

Cash and cash equivalents

(25,242)

(17,964)

Net long-term debt

$

570,939

$

579,516

Notes: Net long-term debt is a non-GAAP financial measure that is defined as long-term debt and finance lease obligations plus current maturities of long-term debt and finance lease obligations less cash and cash equivalents. The Company believes both management and its investors find the information useful because it reflects the amount of long-term debt obligations that are not covered by available cash and temporary investments. Net long-term debt is not a substitute for GAAP financial measures and may differ from similarly titled measures of other companies.

Table 5: Reconciliation of Purchases of Property and Equipment to Capital Expenditures and IT Capital

(A Non-GAAP Financial Measure)

(Unaudited)

28 Weeks Ended

(In thousands)

July 13, 2024

July 15, 2023

Purchases of property and equipment

$

67,074

$

60,824

Plus:

Cloud computing spend

6,347

2,719

Capital expenditures and IT capital

$

73,421

$

63,543

52 Weeks Ended

(In thousands)

December 30, 2023

Purchases of property and equipment

$

120,330

Plus:

Cloud computing spend

7,040

Capital expenditures and IT capital

$

127,370

Notes: Capital expenditures and IT capital is a non-GAAP financial measure calculated by adding spending related to the development of cloud computing applications to capital expenditures, the most directly comparable GAAP measure. Cloud computing spend only includes costs incurred during the application development phase and does not include ongoing costs of hosting or maintenance associated with these applications, which are expensed as incurred. The Company believes it is a useful indicator of the Company’s investment in its facilities and systems as it transitions to more cloud-based IT systems. Capital expenditures and IT capital is not a substitute for GAAP financial measures and may differ from similarly titled measures of other companies.

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SpartanNash Unveils Fresh Store Vision with Revamped Family Fare®


Redesigned Holland store offers preview of future Family Fare concept, plus community gift and events In Your Neighborhood

GRAND RAPIDS, Mich., Aug. 6, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) is proudly unveiling a new chapter in grocery shopping with the grand reopening of its Family Fare store at 993 Butternut Dr. in Holland, Mich. A modernized shopping destination, it features an enhanced array of fresh meal solutions, convenience-focused food selections, a beef jerky bar and a nostalgic vintage candy station. The refreshed concept will serve as a model for future Family Fare remodels, with the Holland community being the first to experience and influence the new direction for Family Fare stores across the region.

“We’re thrilled to debut this updated Family Fare, which blends innovative concepts with the familiar, neighborhood feel our store guests know and love,” said SpartanNash Executive Vice President and Chief Merchandising Officer Bennett Morgan. “This transformation is informed by extensive shopper data and insights, aimed at enhancing convenience, quality and affordability. Our goal is to create an exceptional shopping experience that stays true to Family Fare’s core pillars of freshness, friendliness and value, and this store sets the stage for future updates across our stores.”

The newly redesigned Family Fare offers a vibrant, market-style shopping environment with several new features like:

  • Open bakery with live baking to fill the store with aromas of fresh-baked pastries, along with artisan breads and desserts like Tres Leches Cake.
  • Expanded deli options with fresh, grab-and-go meal solutions like a Caribbean Grain Bowl with Salmon and Chimichurri, along with sandwiches like a Fried Wild-Caught Alaskan Cod.
  • $20 healthy meal kits that can be prepared in 20 minutes or less, designed to feed a family of four.
  • Nostalgic candy station with entertaining sweets from yesteryear.
  • Bulk jerky bar.
  • Market fresh buys at new lower prices with fresh-cut produce.
  • Dedicated value wall showcasing competitive promotions.

“Family Fare stores have served the Holland community for almost 60 years, and today nearly a half million shoppers come through the doors of our local stores here every year,” said Family Fare Store Director Michael Farrell. “At Family Fare, our tagline is ‘In Your Neighborhood,’ and in honor of our grand reopening, we are proud to donate a gift to the nonprofit Community Action House that will provide more than 8,500 meals to our neighbors.”

In further celebration of the grand reopening, the store hosted a family friendly party last Saturday in the parking lot with food and games for children, with proceeds benefitting the West Ottawa Rugby Team.

In alignment with SpartanNash’s People First approach, the Company continues to invest in innovations that benefit Associates, store guests and the communities it serves. The Holland store’s remodel reflects SpartanNash’s commitment to evolving with consumer preferences, and another Family Fare refresh is planned for Sparta, Mich., later this fall.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

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SpartanNash to Webcast Second Quarter 2024 Earnings Conference Call


GRAND RAPIDS, Mich., Aug. 1, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) will announce its financial results before the stock market opens on Thursday, Aug. 15, 2024, for the 12-week second quarter ended July 13, 2024.

The Company will host a conference call to discuss its quarterly results with additional comments and details on Thursday, Aug. 15, 2024, at 10:30 a.m. ET. There will also be a simultaneous, live webcast made available at SpartanNash’s website at spartannash.com/webcasts under the “Investor Relations” section and will remain archived on the Company’s website through Thursday, Aug. 29, 2024.

A supplemental quarterly earnings presentation will also be available on the Company’s website at spartannash.com/investor-presentations.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

INVESTOR CONTACT:
Kayleigh Campbell
Head of Investor Relations
[email protected]

MEDIA CONTACT:
Adrienne Chance
SVP, Communications
[email protected]

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SpartanNash Gathers Grocery Industry Leaders at Annual Food Solutions Expo


Expo event draws over 1,500 grocery leaders from across the country for education, recognition, deals and networking

GRAND RAPIDS, Mich., July 30, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) gathered more than 1,500 grocery suppliers and independent grocer customers at its annual two-day Food Solutions Expo. Taking place at DeVos Place Convention Center in Grand Rapids, the event featured supplier and customer award ceremonies, retail discussion groups, educational sessions, exhibit booths with special deals and sampling and live auctions. The Expo concluded with a donation of approximately 30,000 meals to Feeding America in Grand Rapids.

Independent grocers represent 33% of retail grocery industry sales, equating to $253.6 billion annually and 1.2% of the United States gross domestic product, according to the National Grocers Association. SpartanNash serves approximately 2,300 independent grocer locations.

“Independent grocers play an essential role in their local communities and bring a distinctive, vital perspective to the industry,” said SpartanNash CEO Tony Sarsam. “This event offers our attendees the opportunity to share innovative ideas, take advantage of some of the best deals of the year, and gain a deeper understanding of the trends and resources driving growth. Most important, it helps us identify new ways to partner together to elevate the grocery shopping experience.”

Suppliers showcased more than 400 new product introductions, including several SpartanNash OwnBrands offerings such as Finest Reserve by Our Family® pasta and pasta sauces sourced from Italy. SpartanNash also featured 14 of its independent grocer support services, including digital media, marketing and technology, to name a few. Popular trends seen on the exhibit floor include products containing dill flavor, ready-to-eat meal solutions, indulgent macaroni and cheese options, grab-and-go fried sandwiches, and non-alcoholic beverages.

The Company celebrated seven exceptional vendors with a SpartanNash Impact Award in recognition of their performance and commitment to delivering value to the Company’s independent customers and their communities.

The 2023-24 SpartanNash Impact Award winners are:

  • Chobani, LLC – Best in Class
  • Smithfield Foods, Inc. – Customer Excellence
  • Cargill Meat Solutions Corporation – Supply Chain Excellence
  • Great Lakes Cheese – OwnBrands
  • InnovAsian Cuisine Enterprises, Inc. – Rising Star – Center Store
  • The Nunes Company, Inc. – Rising Store – Fresh
  • The Kraft-Heinz Company – Insights That Drive Solutions

As a People First food solutions company, SpartanNash partnered with vendors to donate seven truckloads of products to Feeding America in Grand Rapids. This donation is estimated to provide the equivalent of approximately 30,000 meals.

For more highlights from the 2024 SpartanNash Food Solutions Expo, please follow SpartanNash on Instagram or visit the event website.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

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SOURCE SpartanNash

SpartanNash Appoints New Independent Director as Part of Ongoing Board Refreshment


Seasoned retail and grocery distribution executive Dorlisa Flur brings extensive strategic transformation expertise to the food solutions company

GRAND RAPIDS, Mich., July 29, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) today announced that Dorlisa Flur has joined its Board of Directors (the “Board”) as an independent director. Flur brings extensive experience in grocery distribution, retail, warehousing and logistics for multi-unit, multi-billion-dollar enterprises operating in public, private and private equity environments.

Flur has served as an independent strategic advisor to the leadership of Southeastern Grocers, Inc. (SEG), the $8.5 billion parent company of Winn-Dixie and Harveys Supermarket, since 2018. From 2016 until 2018, Flur championed the company’s successful restructuring as SEG’s former Chief Strategy and Transformation Officer. Prior to SEG, Flur was Executive Vice President, Omnichannel for leading department store chain Belk and Vice Chair, Strategy and Chief Administrative Officer for Family Dollar Stores, Inc. Earlier in her career, Flur spent 16 years with global management consulting partners McKinsey & Company.

Flur is an independent corporate director on the boards of Sally Beauty Holdings, Inc., United States Cold Storage, Inc., and BlueCross BlueShield NC and participates on various committees for each. From 2019 to 2024, Flur also previously served on the board of Hibbett, Inc. as an independent director. In 2020, Flur earned the NACD Directorship Certified™ credential and was recognized in Directors & Boards’ 2021 Directors to Watch and among the NACD Directorship 100™ in 2022.

“Dorlisa is a proven corporate executive and highly experienced board director in the food distribution, logistics and retail industries. Her success leading large-scale transformations that have resulted in long-term sustainable growth and value creation makes her a strategic addition to the SpartanNash Board,” said SpartanNash Chairman Douglas Hacker.

Flur is the third independent director joining the Board since 2023, following the appointments of Kerrie MacPherson and Fred Bentley. The Board now comprises nine directors – seven of whom have been appointed in the last five years – and eight of whom are independent.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

MEDIA CONTACT:
Adrienne Chance
SVP, Communications
[email protected]

INVESTOR CONTACT:
Kayleigh Campbell
Head of Investor Relations
[email protected]

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SOURCE SpartanNash

SpartanNash Honors Outstanding Independent Grocers with Vision Awards at Annual Food Solutions Expo


The company celebrates eight independent grocer customers for creating meaningful impact in local communities

GRAND RAPIDS, Mich., July 25, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) this week celebrated its independent grocer customers’ achievements during its 2024 Food Solutions Expo at DeVos Place Convention Center. The Company awarded eight outstanding independent grocers with a 2023-2024 Vision Award for exemplifying customer focus and serving their shoppers with excellence.

“We’re proud that our customers contribute to our mission to deliver the ingredients for a better life, and it’s an honor to celebrate the impressive impact they have in their communities,” said SpartanNash Executive Vice President and Chief Customer Officer Amy McClellan. “Their stores serve as critical food destinations, centers of connectivity for neighborhoods, and places to enjoy meaningful careers.”

The SpartanNash Vision Award winners include:

Core Behavior Awards:

  • Leppinks Food Centers: This grocer earned recognition as Michigan Grocer’s Outstanding Retailer. With local community sponsorships and annual customer appreciation events, the Leppinks team lives up to the SpartanNash We Serve Core Behavior.
  • Fresh Encounter, Inc.: Following a tornado warning, an associate took immediate action to keep shoppers and other team members sheltered safely. After being hit by the tornado, the store embodied We Create Solutions by reopening two weeks later.
  • Nilssens Foods: The company lives We Win by investing in store remodels, earning recognition as the 2023 Grocer of the Year in the Wisconsin Grocers Association (WGA), and donating over $42,000 to his local community through his annual golf tournament.
  • Fate’s Market: From their recent 102nd Anniversary Sale parking lot party to their creative marketing materials, this team exemplifies the SpartanNash Core Behavior We Have Fun.
  • Leevers Foods: As a leader in creating tag concepts for electronic shelf labels (ESLs), reducing labor and waste and streamlining pricing and accuracy, this fourth-generation grocer earned the prestigious recognition of the Delivering the Ingredients for a Better Life award.

Performance Awards – given to customers committed to providing shoppers with spectacular value and quality with private label products:

  • Randy’s Neighborhood Market: Large Market Size Winner
  • Town & Country Supermarkets: Mid-Market Size Winner
  • Cahoy’s General Store: Small Market Size Winner

In addition to being a proud wholesale supplier to over 2,100 retail locations nationwide, SpartanNash provides a wide variety of services to its independent customers, including those related to marketing, merchandising, pharmacy, asset protection, financial and retail technology support.

The SpartanNash Food Solutions Expo took place July 23-25. More than 1,500 attendees, including independent grocer customers, vendors and SpartanNash Associates gathered for industry deals, networking and education.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

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SOURCE SpartanNash

SpartanNash Foundation Fundraiser Drives Meaningful Support for Community Heroes


Annual in-store fundraiser enables $260,000 donation for military and disaster relief organizations

GRAND RAPIDS, Mich., July 2, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) is proud to announce that its foundation will be donating $260,000 to organizations whose missions closely align with its giving pillar of Heroes – including Convoy of Hope, Operation Homefront and Honor and Remember – following its annual in-store fundraiser.

“By contributing to this campaign, our community members and Associates have helped provide vital services to military heroes, veterans, their families and those affected by disasters,” said SpartanNash Senior Vice President of Communications and SpartanNash Foundation Executive Director Adrienne Chance. “These incredible organizations are aligned with our commitment to support heroes and spread hope through our Foundation, so we’re honored to celebrate another successful in-store fundraiser and continue to champion the work these organizations do.”

The three nonprofit organizations that benefited from the fundraiser will aid in disaster response, honor fallen heroes and provide essential financial and emotional support to military families. Outside of this retail fundraiser, SpartanNash also partnered with Convoy of Hope on its recent Helping Hands Day volunteer event, which resulted in a donation of 500,000 meals for disaster relief.

“We are extremely grateful to SpartanNash, the SpartanNash Foundation and their Associates and loyal customers for their investment in our important mission,” said Brig. Gen. (ret.) Robert D. Thomas, president and COO of Operation Homefront, which has received more than $750,000 from the SpartanNash Foundation since 2018. “SpartanNash has helped us make a difference for thousands of military families, providing them with the opportunity to thrive in the communities they have worked so hard to protect.”

The in-store fundraiser ran from May 22 to June 10, where store guests at participating SpartanNash-operated retail stores could donate at the register or online checkout. Since 2015, the SpartanNash Foundation, with the help of its communities, has contributed more than $14.1 million to nonprofit organizations. To learn more about the SpartanNash Foundation and its impact, please visit spartannash.com/foundation.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

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SOURCE SpartanNash

SpartanNash Earns Recognition as Top Employer with Multiple National Workplace Awards


Company honored by Newsweek®, Great Place to Work®, U.S. News® and Best and Brightest® for Exceptional People First Culture, Enhanced Benefits and Innovative Associate Programs

GRAND RAPIDS, Mich., June 26, 2024 /PRNewswire/ — Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) is proud to announce its 2024 recognition as a top employer, following wins with multiple national workplace awards, including:

  • NewsweekAwarded based on a thorough examination of publicly available data, interviews with human resource professionals and an anonymous online survey in which Associates shared insights into the Company’s culture and work environment.
  • Great Place to WorkAwarded based on a detailed company culture analysis and independent feedback from current Associates. This is SpartanNash’s second consecutive year receiving this certification.
  • U.S. News & World Report Awarded based on publicly available data in categories including professional development and flexibility to gain an understanding of the everyday experiences of SpartanNash Associates.
    • U.S. News Best Companies To Work For, Overall
    • U.S. News Best Companies To Work For, Midwest
    • U.S. News Best Companies To Work For, Industry Specific Award in the Personal Care, Drug and Grocery Stores Category
  • Best & BrightestAwarded based on an assessment of the Company in categories including communication, diversity, retention and wellness. This is SpartanNash’s 11th consecutive year as a Best & Brightest Company to Work For in The Nation and 5th consecutive year as one of The Nation’s Best & Brightest in Wellness.

These achievements highlight the flexibility and benefits available to SpartanNash Associates and reflect the Company’s dedication to a People First culture where all Associates have the resources they need to thrive.

“As a People First Company, we strive to be the employer of choice, providing careers for a better life by creating a work environment where everyone can do their best work. We deeply appreciate our 17,000 Associates who cultivate our vibrant company culture and dedicate their time and talents to delivering the ingredients for a better life to the communities we serve,” said SpartanNash Executive Vice President and Chief Human Resources Officer Nicole Zube, who was recently recognized as a Silver Stevie® Award winner in the Human Resources Executive of the Year category.

The Company’s recent awards are rooted in a thorough analysis of SpartanNash’s human resource practices, a detailed Company culture analysis, independent feedback from current Associates, and criteria including work flexibility, education and training, diversity, recognition and more.

Some standout highlights from the Great Place to Work survey include:

  • Over 90% of Associates deem SpartanNash a safe place to work.
  • More than 81% feel proud to work for the Company.
  • Nearly 80% feel good about the way SpartanNash contributes to the community.

SpartanNash’s Total Rewards, Associate engagement opportunities and professional development programs cater to every stage of life. Associates receive top-tier benefits, including flexible paid time off, work-life resources (including legal, financial and family assistance), paid parental leave and adoption assistance, and access to Associate Resource Groups designed to foster a sense of inclusion and belonging.

SpartanNash’s recognition also stems from its programming tailored specifically for young professionals. The Early in Career Program helps new Associates build confidence, strengthen business acumen and develop meaningful relationships. The Company continues to attract and retain university students through its highly-rated internship program. This year, more than 100 interns from 40 states are participating in a 12-week internship program, gaining hands-on experience across various departments and engaging in valuable leadership training.

To learn more about SpartanNash’s culture and learn how to build a career for a better life, please visit careers.spartannash.com.

Newsweek® is a registered trademark of Newsweek LLC. Great Place to Work® is a registered trademark of Great Place to Work Institute, Inc. U.S. News is a registered trademark of U.S. News & World Report. Best and Brightest® is a registered trademark of the National Association for Business Resources.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance
SVP, Communications
SpartanNash
[email protected]

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SOURCE SpartanNash