SpartanNash (SPTN) is a food solutions company headquartered in Grand Rapids, Michigan. It operates two main business segments: Wholesale and Retail, distributing nationally branded and private-label grocery products to independent grocers, chain retailers, and military commissaries. The company sells a diverse range of products, including groceries, fresh produce, non-food items, fuel, and miscellaneous goods.
- Center Store - Offers dry grocery, frozen foods, and beverages to meet everyday consumer needs.
- Fresh - Provides produce, meat, dairy, deli, bakery, prepared proteins, seafood, and floral products for fresh food options.
- Non-Food - Supplies general merchandise, health and beauty care items, tobacco products, and pharmacy goods.
- Fuel - Operates fuel centers to provide gasoline and related services.
- Other - Includes miscellaneous products that complement the company's main offerings.
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- How do you plan to scale your Hispanic store format beyond Omaha, and can you provide specific targets for store count and market penetration in non-Omaha geographies over the next 2–3 years?
- Given the reported $20 million cost savings benefit for this year and the plan to achieve a $50 million annual benefit by 2026, can you clarify the exact timeline and departmental contributions of the cost leadership program?
- With the retail segment facing profitability pressures from both higher pharmacy-related costs and weather-induced losses, what targeted strategies are in place to mitigate these issues and enhance margin sustainability?
- As promotional activities intensify across both retail and wholesale segments, how are you balancing the short-term need to drive traffic with the long-term goal of preserving margins and customer loyalty?
- In light of recent acquisitions, such as Fresh Encounter, what specific integration measures and performance metrics are being prioritized to ensure that these deals deliver the anticipated synergies and justify future M&A activities?
Research analysts who have asked questions during SpartanNash Co earnings calls.
Scott Mushkin
R5 Capital
4 questions for SPTN
Also covers: COST, NGVC, SFM +1 more
Alexander Slagle
Jefferies
3 questions for SPTN
Also covers: BJRI, BLMN, CHEF +7 more
Benjamin Wood
BMO Capital Markets
3 questions for SPTN
Also covers: UNFI
Andrew Paul Wolf
CL King & Associates
1 question for SPTN
Also covers: BJRI, CHEF, DNUT +6 more
Andrew Paul Wolf
CL King & Associates
1 question for SPTN
Also covers: CBRL, CHEF, HAIN +3 more
Arvin [Analyst]
Northcoast Research
1 question for SPTN
Charles Cerankosky
Northcoast Research
1 question for SPTN
Also covers: CASY, COST, KR +4 more
Chuck Cerankosky
Northcoast Research
1 question for SPTN
Also covers: CASY, KR, SFM +3 more
Kelly Bania
BMO Capital Markets
1 question for SPTN
Also covers: CASY, CHEF, COST +9 more
Peter Saleh
BTIG
1 question for SPTN
Also covers: BYND, CHEF, DRI +8 more
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Largest Customer | Key supply arrangement | All | Accounted for 18% of net sales in FY 2024 (approx. $1.72B). |
U.S. Military Commissaries | Primary supplier of private brand products under partnership with DeCA | Wholesale | Sales of $2.33B in FY 2024, which is about 24.4% of total net sales. |
Recent press releases and 8-K filings for SPTN.
SpartanNash Provides Update on Merger Antitrust Review
$SPTNM&A
Takeover Bid
- SpartanNash Company (SPTN) is progressing with its merger with C&S Wholesale Grocers, LLC (C&S), which was initially agreed upon on June 22, 2025.
- On August 18, 2025, C&S voluntarily withdrew its HSR Act Notification and Report Form to provide the Federal Trade Commission (FTC) additional time for review, and subsequently resubmitted it on or about August 19, 2025, commencing a new 30-day waiting period.
- Despite this procedural step, SpartanNash and C&S continue to expect to consummate the Transaction in late 2025, pending required regulatory approvals and the adoption of the Merger Agreement by SpartanNash's shareholders.
2 days ago
SpartanNash Schedules Q2 2025 Earnings Release and Provides Acquisition Update
$SPTNM&A
Earnings
Proxy Vote Outcomes
- SpartanNash (SPTN) will announce its second quarter 2025 financial results on Thursday, August 14, 2025, before the stock market opens, for the 12-week period ended July 12, 2025.
- Due to the pending acquisition by C&S Wholesale Grocers, LLC, SpartanNash will not host a quarterly earnings conference call.
- The acquisition, which was announced on June 23, 2025, is expected to close in late 2025, subject to customary closing conditions including shareholder and regulatory approvals.
- SpartanNash filed a definitive proxy statement related to the transaction with the SEC on July 31, 2025, and mailed it to shareholders on the same day.
Jul 31, 2025, 12:00 AM
SpartanNash Acquisition & Merger Agreement with C&S Wholesale Grocers – Transaction Details
$SPTNM&A
- C&S Wholesale Grocers will acquire SpartanNash for $26.90 per share in cash, valuing the deal at $1.77 billion with a 52.5% premium to the June 20 closing price and a 42.0% premium to the 30-day VWAP .
- SpartanNash entered into a Merger Agreement with New Mackinac HoldCo, Inc., Mackinac Merger Sub, Inc., and C&S Wholesale Grocers, LLC, where Merger Sub will merge into SpartanNash, making it a wholly owned subsidiary of C&S .
- Both boards unanimously approved the transaction and recommended a shareholder vote, with completion subject to regulatory clearances (including Hart‐Scott‐Rodino and Nasdaq requirements) and customary closing conditions .
- The merger is expected to close in late 2025 and includes secured financing commitments, including debt financing from Wells Fargo .
- Post-merger, the combined company will operate ~60 distribution centers, serve ~10,000 independent retailers, and >200 corporate grocery stores, enhancing scale, efficiency, and potential pricing benefits .
- SpartanNash will continue its quarterly cash dividend of $0.22 per share, payable on June 30, 2025, to shareholders of record on June 13, 2025 .
Jun 23, 2025, 12:00 AM
SpartanNash Announces Q1 2025 Results
$SPTNEarnings
Guidance Update
Revenue Acceleration/Inflection
- SpartanNash reported 3.7% net sales growth to $2.91 billion in Q1 2025, with retail net sales up 19.6% and wholesale net sales down 2.6%.
- The company posted a record adjusted EBITDA of $76.9 million while net earnings dropped to $2.1 million (or $0.06 per diluted share) compared to the same quarter last year.
- SpartanNash reaffirmed its Fiscal 2025 guidance, projecting total net sales between $9.8 billion and $10.0 billion and adjusted EPS between $1.60 and $1.85.
May 29, 2025, 12:00 AM
SpartanNash Co Announces Departure of Executive Officer
$SPTNManagement Change
Executive Compensation
- Bennett Morgan, SpartanNash’s Executive VP and Chief Merchandising Officer, will leave the company effective April 25, 2025 following a decision made on March 26, 2025.
- The company will establish a separation agreement with Mr. Morgan to provide separation benefits consistent with a qualifying termination.
Apr 1, 2025, 12:00 AM
SpartanNash Co Announces Executive Departure
$SPTNManagement Change
Executive Compensation
- Masiar Tayebi, Executive Vice President, Chief Strategy and Information Officer, will leave SpartanNash effective April 11, 2025.
- The company has arranged a separation agreement providing qualifying termination benefits to ensure an orderly transition.
Mar 19, 2025, 12:00 AM