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Last $31.58 USD
Change Today +0.32 / 1.02%
Volume 147.5K
SPTN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

spartannash co (SPTN) Snapshot

Open
$31.28
Previous Close
$31.26
Day High
$31.64
Day Low
$31.01
52 Week High
04/6/15 - $32.73
52 Week Low
10/2/14 - $19.16
Market Cap
1.2B
Average Volume 10 Days
142.3K
EPS TTM
$1.83
Shares Outstanding
37.8M
EX-Date
03/18/15
P/E TM
17.3x
Dividend
$0.54
Dividend Yield
1.57%
Current Stock Chart for SPARTANNASH CO (SPTN)

spartannash co (SPTN) Related Businessweek News

No Related Businessweek News Found

spartannash co (SPTN) Details

SpartanNash Company operates as a grocery distributor and retailer primarily in the United States. The company operates in three segments: Military, Food Distribution, and Retail. The Military segment sells and distributes grocery products to military commissaries and exchanges located in 37 states across the United States and the District of Columbia, Europe, Puerto Rico, Cuba, Egypt, and Bahrain Honduras. The Distribution segment provides approximately 50,000 stock-keeping units, including dry groceries, produce, dairy products, meat, deli, bakery, frozen food, seafood, floral products, general merchandise, pharmacy, and health and beauty care items to independent retail locations and corporate-owned retail stores. This segment also offers various value-added services to independent distribution customers. The Retail segment operates 162 retail supermarkets in the Midwest primarily under the Family Fare Supermarkets, No Frills, Bag ‘N Save, Family Fresh Markets, D&W Fresh Markets, Sun Mart, and Econo Foods; and 29 fuel centers that offers refueling facilities, as well as immediately consumable products under the Family Fare Quick Stop, D&W Quick Stop, VG’s Quick Stop, Forest Hills Quick Stop, FTC Express Fuel, and Sunmart Express Fuel names. Its retail supermarkets offer dry groceries, produce, dairy products, meat, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care products, delicatessen items, and bakery goods, as well as pharmacy services. This segment also distributes private brand items, including Spartan, Spartan Fresh Selections, Our Family, IGA, Piggly Wiggly, Top Care, Tippy Toe, Full Circle and Nash Brothers Trading Company, World Classics, Paws, B-leve, and Valu Time and me too! brands. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in May 2014. SpartanNash Company was founded in 1917 and is headquartered in Grand Rapids, Michigan.

8,500 Employees
Last Reported Date: 03/4/15
Founded in 1917

spartannash co (SPTN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $891.2K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $509.1K
Executive Vice President and President of MDV
Total Annual Compensation: $419.9K
President of Wholesale and Distribution Opera...
Total Annual Compensation: $243.8K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $407.6K
Compensation as of Fiscal Year 2014.

spartannash co (SPTN) Key Developments

Spartannash Company Proposes Amendments to its Articles of Incorporation

SpartanNash Company proposed amendments to articles of incorporation to remove supermajority vote provisions relating to business combinations and the company also proposed amendment to articles of incorporation to eliminate supermajority voting provisions with respect to the amendment or repeal of the company's bylaws, at the annual general meeting to be held on June 3, 2015.

SpartanNash Seeks Acquisitions

SpartanNash Company (NasdaqGS:SPTN) is seeking acquisitions. Dave Staples, Chief Operating Officer, said, "We expect to continue to deleverage our balance sheet in fiscal year 2015 barring any new acquisition opportunities. With approximately $407 million of availability under our credit facility as of January 3, 2015, our capital structure comfortably supports our continued growth initiatives, excluding potential acquisitions."

SpartanNash Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 03, 2015; Provides Earnings Guidance for the First Quarter Ended April 25, 2015 and Full Year Ended January 2, 2016

SpartanNash Company reported unaudited consolidated earnings results for the fourth quarter and full year ended January 03, 2015. For the quarter, the company reported net sales of $1,962,589,000 compared to $1,128,548,000 a year ago. Operating earnings were $21,007,000 compared to operating loss of $13,077,000 a year ago. Earnings before income taxes and discontinued operations of $15,030,000 compared to loss before income taxes and discontinued operations of $22,595,000 a year ago. Earnings from continuing operations were $12,037,000 compared to loss from continuing operations of $14,459,000 a year ago. Net earnings were $11,871,000 compared to net loss of $14,756,000 a year ago. Basic and diluted net earnings per share were $0.32 compared to basic and diluted net loss per share of $0.49 a year ago. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) increased 60.6% to $55.3 million, or 2.8% of net sales, when including the 53rd week, and increased 49.9% to $51.7 million, or 2.8% of net sales, excluding the 53rd week, compared to $34.5 million, or 3.1% of net sales last year. Adjusted earnings from continuing operations were $18.5 million, or $0.49 per diluted share, when including the 53rd week, and $16.5 million, or $0.44 per diluted share, when excluding the 53rd week, compared to $9.4 million, or $0.31 per diluted share. The increase in revenue was primarily due to $0.7 billion in sales from the merger of Nash Finch and the 2 extra weeks in this year's fourth quarter compared to last year, partially offset by $18 million in loss sales related to store closures. For the full year, the company reported net sales of $7,916,062,000 compared to $3,190,039,000 a year ago. Operating earnings were $114,846,000 compared to operating earnings of $35,553,000 a year ago. Earnings before income taxes and discontinued operations of $90,449,000 compared to $15,082,000 a year ago. Earnings from continuing operations were $59,120,000 compared to $9,168,000 a year ago. Net earnings were $58,596,000 compared to $8,443,000 a year ago. Diluted net earnings per share were $1.55 compared to basic and diluted net earnings per share of $0.36 a year ago. Basic and diluted earnings per share from continuing operations of $1.57 compared to $0.39 a year ago. Net cash provided by operating activities was $139,073,000 compared to $97,055,000 a year ago. Adjusted earnings from continuing operations were $69.9 million, or $1.85 per diluted share, including the 53rd week, and $67.9 million, or $1.80 per diluted share, excluding the benefit of the 53rd week.  Adjusted earnings from continuing operations for fiscal 2014 exclude net after-tax charges of $10.8 million, primarily related to merger integration expenses and asset impairment, restructuring charges and other non-cash charges. Capital expenditures totaled $90.0 million. The increase in operating cash flow was the result of contributions from the merger and favorable expense reductions. Total net long-term debt was $563.8 million as of January 3, 2015, versus $596.4 million last year. Adjusted EBITDA for the year was $234.4 million when including the 53rd week and $230.8 million when excluding the 53rd week compared to $126.9 million last year. The company provided earnings guidance for the full year ended January 2, 2016. For the period, the company expects capital expenditures to be in the range of $75.0 million to $80.0 million, with depreciation and amortization of approximately $86.0 million to $90.0 million and total interest expense of approximately $23.5 to $25.0 million. Diluted earnings per share from continuing operations expected to be in the range of $1.56 to $1.65. Adjusted Diluted earnings per share from continuing operations expected to be in the range of $1.89 to 1.98. For the quarter ended April 25, 2015, the company expects Diluted earnings from continuing operations to be in the range of $9,140,000 or $0.24 per share. Adjusted Diluted earnings from continuing operations expected to be of $15,194,000 or $0.40 per share.

 

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Industry Analysis

SPTN

Industry Average

Valuation SPTN Industry Range
Price/Earnings 19.9x
Price/Sales 0.1x
Price/Book 1.6x
Price/Cash Flow 20.2x
TEV/Sales 0.1x
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