SpartanNash Company, together with its subsidiaries, operates as a multi-regional grocery distributor and retailer in the United States. The company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and corporate-owned retail stores primarily located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, and Egypt. Segments The company operates in three segments: Military, Food Distribution, and Retail. Military This segment contracts with manufacturers to distribute various grocery products primarily to U.S. military commissaries and exchanges. The distributed grocery products are delivered to 169 military commissaries and approximately 442 exchanges located in 37 states across the United States and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. The company’s distribution centers are strategically located among the major concentration of military bases in the areas the company serves and near Atlantic ports used to ship grocery products to overseas commissaries and exchanges. The company has approximately 250 distribution contracts representing 600 manufacturers that supply products to the Defense Commissary Agency (DeCA) commissary system and various exchange systems. Food Distribution This segment uses a multi-platform sales approach to distribute grocery products to independent retail locations and corporate-owned retail stores. Customers: The Food Distribution segment supplies grocery products to a group of independent grocery store operators ranging from a single store to supermarket chains with approximately 20 stores, and also supplies the company’s corporate-owned retail stores. The company operates in 47 states with 12 distribution centers supporting approximately 2,100 independently owned supermarkets and also supplies its 163 corporate-owned retail stores. The company services a national retailer, Dollar General, through its Food Distribution segment. Sales are made to approximately 13,000 retail locations for this customer. In addition, approximately 84% of Food Distribution net sales, including intercompany sales to corporate-owned retail stores, are covered under supply agreements with independent customers or are directly controlled by the company. Products: The Food Distribution segment provides a selection of approximately 56,000 stock-keeping units of nationally branded and private label grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care products and pharmacy. Additional Services: The company offers and provides various of its independent distribution customers with value-added services, including site identification and market analysis; coupon redemption; store planning and development; product reclamation; marketing, promotion and advertising; graphic services; Website design, technology and information services; category management; accounting, payroll and tax preparation; real estate services; human resource services; construction management services; fuel technology; pharmacy retail and procurement services; account management field sales support; retail pricing; InSite business to business communications; and security consulting and investigation services. Retail This segment operates 163 corporate-owned retail stores in the Midwest and Great Lakes, which operate primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart. The company’s corporate-owned retail stores offer nationally branded and private label grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products and health and beauty care products. The company also offers pharmacy services in 91 of its corporate-owned retail stores. The company’s corporate-owned retail stores range in size from approximately 10,400 to 92,381 total square feet, or on average, approximately 41,300 total square feet per store. The company operates 29 fuel centers primarily at its supermarket locations operating under the banners Family Fare Quick Stop, D&W Quick Stop, VG’s Quick Stop, Forest Hills Quick Stop and Sun Mart Express Fuel. These fuel centers offer refueling facilities and in the adjacent convenience store, a limited various consumable products. The company’s prototypical Quick Stop stores are approximately 1,100 square feet in size. As of January 2, 2016, the company acquired six stores in Bismarck and Mandan, North Dakota. Marketing and Merchandising The company markets and distributes approximately 7,100 total private brand items primarily under the labels: Spartan and Our Family; Top Care (health and beauty care); Tippy Toes (baby); Full Circle (organic and wellness); B-leve (premium bath and beauty); PAWS Premium (pet supplies); and Valu Time (value). Seasonality The company’s first quarter (year ended January 2, 2016) consists of 16 weeks and would usually include the Easter holiday while all other quarters consist of 12 weeks each with the fourth quarter, including the Thanksgiving and Christmas holidays. Regulations The company’s products are subject to federal Food and Drug Administration (FDA) regulation. The company is in substantial compliance in all material respects with the FDA and other federal, state and local laws and regulations governing its businesses. History The company was founded in 1917. It was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in 2014.
spartannash co (SPTN:NASDAQ GS)
850 76th Street, S.W.
PO Box 8700
Grand Rapids, MI 49518
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