Arvin [Analyst]'s questions to SpartanNash Co (SPTN) leadership • Q4 2024
Question
An analyst from Northcoast Research asked about the M&A market for convenience stores, questioning if a potential shift in economic sentiment was causing smaller independent operators to show reservation about selling.
Answer
CEO Tony Sarsam responded that SpartanNash is very active in M&A conversations and sees a full range of motivations from potential sellers. He noted that the convenience store trend remains strong and stable, with good operators continuing to grow their businesses. He confirmed the company expects to pursue more C-store acquisitions in 2025, similar to the Markham Group transaction.