SpartanNash Company Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 10:30 AM
Jun 10 15
SpartanNash Company Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 10:30 AM. Venue: White Elephant, Nantucket, Massachusetts, United States.
SpartanNash Company Declares Quarterly Cash Dividend, payable on June 30, 2015
Jun 4 15
SpartanNash Company announced that its Board of Directors has declared a quarterly cash dividend of $0.135 per common share. The dividend will be paid on June 30, 2015 to shareholders of record as of June 17, 2015. As of June 3, 2015, there were 37,573,923 common shares outstanding.
SpartanNash Company Approves Amendments to the Articles of Incorporation
Jun 3 15
SpartanNash Company announced that at the AGM held on June 3, 2015, it has approved proposed amendments to the company's Articles of Incorporation to remove all supermajority voting requirements and amended Articles of Incorporation to remove a provision related to the Michigan Control Share Act, which acts as repeal by the Michigan legislature in 2009.
SpartanNash Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended April 25, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Maintains Earnings Guidance for the Fiscal Year Ending January 2, 2016
May 27 15
SpartanNash Company announced unaudited consolidated earnings results for the first quarter ended April 25, 2015. For the quarter, the company reported net sales were $2,312,683,000 against $2,333,727,000 a year ago. Operating earnings was $23,853,000 against $27,578,000 a year ago. Earnings before income taxes and discontinued operations were $17,131,000 against $20,099,000 a year ago. Earnings from continuing operations were $10,447,000 against $12,519,000 a year ago. Net earnings were $10,327,000 against $12,310,000 a year ago. Diluted earnings per share from continuing operations were $0.28 against $0.33 a year ago. Diluted earnings per share from net earnings were $0.27 against $0.33 a year ago. Net cash provided by operating activities was $48,941,000 against $32,595,000 a year ago. Adjusted EBITDA was $65,889,000 against $64,912,000 a year ago. Adjusted operating earnings were $33,875,000 against $31,873,000 a year ago. Adjusted earnings from continuing operations were $16,563,000 or $0.44 diluted per share against $15,194,000 or $0.40 diluted per share a year ago. Total net long-term debt was $526,781,000 as of April 25, 2015 against $563,825,000 as of January 3, 2015. Consolidated net sales decreased 0.9% due to as increases in the food distribution and military segments were offset by the impact of store rationalization plan and significantly lower retail fuel prices compared to the prior year.
For the second quarter of fiscal 2015, the company anticipates that net earnings from continuing operations per diluted share will slightly exceed last year’s comparable second quarter results of $0.50 per diluted share, excluding merger integration costs and any other one-time expenses.
For the fiscal year ending January 2, 2016, the company expected earnings from continuing operations in a range of $1.56-$1.65. The company is maintaining its previously issued fiscal 2015 guidance of adjusted earnings per share from continuing operations of approximately $1.89 to $1.98, excluding merger integration costs and other one-time expenses and gains. For purposes of comparison, the company’s similarly adjusted earnings per share were $1.80 in fiscal 2014 when adjusted to a 52-week basis. This guidance is based on expectations of sales growth in both the food distribution and military segments and slightly negative to slightly positive comparable store sales at retail, reflecting the inclusion of the stores obtained in the merger with Nash Finch and continued limited center store inflation, sequential improvements as a result of the remodels completed in fiscal 2015 and the rollout of merchandising, pricing and promotional programs to all stores. The company continues to expect capital expenditures for fiscal year 2015 to be in the range of $75.0 million to $80.0 million, with depreciation and amortization of approximately $83.0 million to $85.0 million and total interest expense of approximately $23.0 to $24.0 million.