Competitive PressureLonger term, there is a challenging outlook for SPTN’s top line, as small- and mid-sized food retailers remain pressured due to competitive disadvantages to larger peers.
Consumer SpendingManagement echoed the concerns around consumer spending, especially among lower-income cohorts, from restaurant operators and other distributors.
Sales TrendsTop-line growth remains challenged and independent customers and SPTN Retail are demonstrating potentially worsening market share trends.