Record-Breaking Adjusted EBITDA
SpartanNash reported a record-breaking adjusted EBITDA of nearly $77 million, a 2.6% increase compared to the prior year first quarter.
Sales Growth and Retail Expansion
Sales increased by 3.7% to over $2.9 billion. Retail segment results were strong with a 1.6% increase in comparable store sales, even with weather-related disruptions.
Military Channel Growth
The military business has grown for 13 consecutive quarters, contributing positively to the Wholesale segment's performance.
Cost Leadership Program
The newly launched Cost Leadership Program is expected to deliver $50 million in annual benefits, with $20 million anticipated in the current year.
Strategic Plan Achievements
Since 2021, the strategic plan has generated over $130 million from margin-enhancing initiatives, achieving the multi-year plan target a year early.
Retail Store Innovations
The introduction of unique in-store offerings like the bratwurst campaign resulted in a 148% increase in brat sales during the first week.
Reaffirmed 2025 Guidance
Despite challenging market conditions, SpartanNash reaffirmed its guidance for fiscal 2025, expecting net sales between $9.8 billion and $10 billion.