SpartanNash Co (OQ:SPTN)

Sector:  Consumer Non-Cyclicals Industry:  Food Retail & Distribution
 
See Regulatory Filings on SEC
Company Contact
Address: 850 76TH ST SW,
P O Box 8700
GRAND RAPIDS MI 49518
Tel: N/A
Website: https://www.spartannash.com
IR: See website
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Key People
Tony Bashir Sarsam
President, Chief Executive Officer, Director
Jason P. Monaco
Chief Financial Officer, Executive Vice President
Masiar Tayebi
Executive Vice President, Chief Strategy and Information Officer
Thomas Edward Swanson
Executive Vice President, General Manager - Corporate Retail
Ileana Mcalary
Executive Vice President, Corporate Secretary, Chief Legal Officer
Amy Mcclellan
Executive Vice President, Chief Customer Officer
Bennett Morgan
Executive Vice President, Chief Merchandising Officer
David Petko
Executive Vice President, Chief Supply Chain Officer
John Taylor
Vice President and Associate General Counsel
Business Overview
SpartanNash Company is a food solutions company. It is engaged in distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and United States military commissaries and exchanges; as well as operating a fresh produce distribution network and its Family private label brand. The Company has two segments. Wholesale segment uses a multichannel sales approach to distribute national brands and its own private-branded products to independent retailers, national accounts, food service distributors, e-commerce providers, and its corporate-owned retail stores. The segment also contracts with manufacturers and brokers to distribute a variety of grocery products to 160 United States military commissaries and over 400 exchanges worldwide. Retail segment operates 144 corporate-owned retail stores and 36 fuel centers in nine states in the Midwest, primarily under the banners of Family Fare, Martins Super Markets, and D&W Fresh Market.
Financial Overview
For the fiscal year ended 30 December 2023, SpartanNash Co revenues increased 1% to $9.73B. Net income applicable to common stockholders increased 52% to $51.8M. Revenues reflect wholesale segment increase of 1% to $6.92B, Retail segment increase of less than 1% to $2.81B. Net income benefited from wholesale segment income increase of 59% to $87.7M, Retail segment income increase of 42% to $19M. Dividend per share increased from $0.84 to $0.86.
Employees: 10,000 as of Dec 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,300M as of Dec 30, 2023
Annual revenue (TTM): $9,729M as of Dec 30, 2023
EBITDA (TTM): $217.96M as of Dec 30, 2023
Net annual income (TTM): $51.83M as of Dec 30, 2023
Free cash flow (TTM): -$60.66M as of Dec 30, 2023
Net Debt Last Fiscal Year: $579.52M as of Dec 30, 2023
Shares outstanding: 34,465,355 as of Mar 27, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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