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Last $27.58 USD
Change Today -0.72 / -2.54%
Volume 214.9K
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

spartannash co (SPTN) Snapshot

Open
$27.90
Previous Close
$28.30
Day High
$28.48
Day Low
$27.40
52 Week High
06/26/15 - $33.89
52 Week Low
10/2/14 - $19.16
Market Cap
1.0B
Average Volume 10 Days
249.7K
EPS TTM
$1.90
Shares Outstanding
37.5M
EX-Date
09/14/15
P/E TM
14.5x
Dividend
$0.54
Dividend Yield
1.85%
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 Announces Unaudited Consolidated Earnings Results for the 12 Weeks and 28 Weeks Ended July 18, 2015; Provides Earnings Guidance for the Third Quarter and Remainder of Fiscal 2015 and Reaffirms Earnings Guidance for the 52 Weeks Ending January 2, 2016

SpartanNash Company announced unaudited consolidated earnings results for the 12 weeks and 28 weeks ended July 18, 2015. For the 12 weeks, the company reported net sales of USD 1,795,864,000 against USD 1,810,175,000 a year ago. Operating earnings were USD 36,794,000 against USD 32,649,000 a year ago. Earnings before income taxes and discontinued operations were USD 31,926,000 against USD 27,174,000 a year ago. Earnings from continuing operations were USD 20,307,000 or USD 0.54 per basic and diluted share against USD 17,395,000 or USD 0.46 per basic and diluted share a year ago. Net earnings were USD 20,261,000 or USD 0.54 per basic and diluted share against USD 17,319,000 or USD 0.46 per basic and diluted share a year ago. Adjusted EBITDA was USD 58,549,000 against USD 58,280,000 a year ago. Adjusted operating earnings were USD 37,178,000 against USD 36,308,000 a year ago. Adjusted earnings from continuing operations were USD 19,829,000 or USD 0.53 per diluted share against USD 19,058,000 or USD 0.50 per diluted share a year ago. For the 28 weeks, the company reported net sales of USD 4,108,547,000 against USD 4,143,902,000 a year ago. Operating earnings were USD 60,647,000 against USD 60,227,000 a year ago. Earnings before income taxes and discontinued operations were USD 49,057,000 against USD 47,273,000 a year ago. Earnings from continuing operations were USD 30,754,000 or USD 0.81 per diluted share against USD 29,914,000 or USD 0.79 per diluted share a year ago. Net earnings were USD 30,588,000 or USD 0.81 per basic and diluted share against USD 29,629,000 or USD 0.79 per basic and diluted share a year ago. Net cash provided by operating activities was USD 123,355,000 against USD 63,973,000 a year ago. Adjusted EBITDA was USD 124,438,000 against USD 123,192,000 a year ago. Adjusted operating earnings were USD 71,053,000 against USD 68,181,000 a year ago. Adjusted earnings from continuing operations were USD 36,392,000 or USD 0.96 per diluted share against USD 34,252,000 or USD 0.91 per diluted share a year ago. Total net long-term debt was USD 524,596,000 as on July 18, 2015. The increase in cash provided by operating activities was primarily due to improvements in working capital. For the third quarter and remainder of fiscal 2015, the company anticipates that net earnings from continuing operations per diluted share will slightly exceed last year's adjusted comparable third and fourth quarter results of USD 0.46 and USD 0.44 per diluted share, respectively, excluding merger integration costs and any other one-time expenses. For the 52 weeks ending January 2, 2016, based on the first half results and outlook for the remainder of the year, the company is maintaining its previously issued fiscal 2015 guidance of adjusted earnings per share from continuing operations of approximately USD 1.89 to USD 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 USD 1.80 in fiscal 2014 when adjusted to a 52-week basis. This guidance is based on expectations of the continuation of low inflation levels and the challenging sales environment. The company expects earnings from continuing operations to be in the range of USD 1.71 to USD 1.80. The company expects capital expenditures for fiscal year 2015 to be in the range of USD 70.0 million to USD 75.0 million, with depreciation and amortization of approximately USD 83.0 million to USD 85.0 million and total interest expense of approximately USD 21.0 to USD 23.0 million.

SpartanNash Company to Report Q2, 2015 Results on Aug 19, 2015

SpartanNash Company announced that they will report Q2, 2015 results After-Market on Aug 19, 2015

SpartanNash Company Announces Resignation of Alex J. DeYonker as Chief Legal Officer, Effective October 31, 2015

SpartanNash Company announced that Alex J. DeYonker, Chief Legal Officer, notified the company on August 10, 2015 that he will retire from the company, effective on October 31, 2015.

 

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Industry Analysis

SPTN

Industry Average

Valuation SPTN Industry Range
Price/Earnings 17.8x
Price/Sales 0.1x
Price/Book 1.4x
Price/Cash Flow 17.8x
TEV/Sales 0.1x
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