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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| 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 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