SpartanNash Co. ( (SPTN) ) has released its Q1 earnings. Here is a breakdown of the information SpartanNash Co. presented to its investors.
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SpartanNash Co. is a food solutions company operating in the food wholesale and grocery retail sectors, known for its extensive supply chain network serving various customers, including independent grocers and U.S. military commissaries. In its first quarter of fiscal 2025, SpartanNash reported a 3.7% increase in net sales, reaching $2.91 billion, with a notable 19.6% rise in the Retail segment sales due to recent acquisitions. Despite these gains, net earnings fell to $2.1 million from $13.0 million the previous year, impacted by increased expenses related to depreciation, amortization, and organizational realignment. The company achieved a record adjusted EBITDA of $76.9 million, reflecting operational improvements and strategic initiatives. Looking forward, SpartanNash reaffirms its fiscal 2025 guidance, anticipating total net sales between $9.8 billion and $10 billion, with continued focus on strategic growth and operational efficiencies.