Record-Breaking Adjusted EBITDA
SpartanNash achieved a record-breaking adjusted EBITDA of nearly $77 million, marking a 2.6% increase compared to the prior year's first quarter.
Sales Growth Across Segments
Consolidated net sales increased by 3.7% to over $2.9 billion, with Retail segment sales growing by 19.6% and Wholesale adjusted EBITDA increasing by 7.2%.
Successful Strategic Initiatives
The Cost Leadership Program is expected to deliver $50 million of annual benefits, with $20 million in gains this year. Strategic plans have generated more than $130 million from margin-enhancing initiatives.
Growth in Retail and Military Channels
Retail performance included a 1.6% increase in comparable store sales. The military business showed continued growth for 13 consecutive quarters.
Expansion in Ethnic Markets
The company is expanding its Hispanic food markets, with new stores planned in the Midwest and Michigan, supported by positive performance from existing stores.