Last $25.42 USD
Change Today -0.08 / -0.31%
Volume 37.8K
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As of 11:12 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

spartannash co (SPTN) Snapshot

Open
$25.77
Previous Close
$25.50
Day High
$25.77
Day Low
$25.42
52 Week High
12/18/14 - $25.77
52 Week Low
10/2/14 - $19.16
Market Cap
953.1M
Average Volume 10 Days
178.0K
EPS TTM
$1.85
Shares Outstanding
37.5M
EX-Date
12/15/14
P/E TM
13.7x
Dividend
$0.48
Dividend Yield
1.89%
Current Stock Chart for SPARTANNASH CO (SPTN)

spartannash co (SPTN) Related Businessweek News

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spartannash co (SPTN) Details

SpartanNash Company operates as a grocery distributor and retailer primarily in the United States. Its Military segment offers grocery products to military commissaries and 400 exchanges located in 38 states in the United States and the District of Columbia, Europe, Puerto Rico, Cuba, the Azores, Egypt, and Bahrain. The company’s Food Distribution segment provides approximately 50,000 stock-keeping units, including dry groceries, produce, dairy products, meat, deli, bakery, frozen food, seafood, floral products, general merchandise, pharmacy, and health and beauty care items to approximately 1,900 independent retail locations and corporate-owned retail stores located in 24 states in the United States. This segment also provides value-added services to independent distribution customers. Its Retail segment operates 172 retail supermarkets in the Midwest under the Family Fare Supermarkets, No Frills, Bag ‘N Save, Family Fresh Markets, D&W Fresh Markets, Sun Mart, and Econo Foods, as well as other brands; and 34 fuel centers that offers refueling facilities, as well as immediately consumable products under the Family Fare Quick Stop, D&W Quick Stop, Glen’s Quick Stop, VG’s Quick Stop, Forest Hills Quick Stop, FTC Express Fuel, and Sunmart Express Fuel names. Its retail supermarkets offer dry groceries, produce, dairy products, meat, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care products, delicatessen items, and bakery goods, as well as pharmacy services. This segment also provides private brand items, including its Spartan, Spartan Fresh Selections, Our Family, IGA, Piggly Wiggly, Fresh Selections, Top Care, Tippy Toe, Valu Time, Full Circle, Nash Brothers Trading Company, World Classics, Paws, and B-leve. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in May 2014. The company was founded in 1917 and is headquartered in Grand Rapids, Michigan.

8,800 Employees
Last Reported Date: 03/12/14
Founded in 1917

spartannash co (SPTN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $603.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $330.7K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $284.9K
Executive Vice President of Retail Operations
Total Annual Compensation: $249.5K
Executive Vice President of Food Distribution
Total Annual Compensation: $243.8K
Compensation as of Fiscal Year 2013.

spartannash co (SPTN) Key Developments

SpartanNash Company Declares Quarterly Dividend Payable on December 31, 2014

SpartanNash Company announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share, to be paid on December 31, 2014 to shareholders of record as of December 17, 2014. As of November 14, 2014, there were approximately 37,499,000 common shares outstanding.

SpartanNash Company Promotes Larry Pierce to Executive Vice President, Merchandising and Marketing

SpartanNash Company announced that it has promoted Larry Pierce to the position of executive vice president, merchandising and marketing. Larry has joined SpartanNash in 2008 from Coca Cola, where he served in a variety positions including vice president of sales for the supermarket, Mass and Convenience channels. Larry has been instrumental in leading the merchandising and marketing team through merger and integration activities and demonstrated his ability to work collaboratively across all functions of the company.

SpartanNash Company Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended October 4, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

SpartanNash Company reported unaudited consolidated financial results for the third quarter and nine months ended October 4, 2014. For the quarter, consolidated net sales increased 187.2% to $1.81 billion compared to $630.1 million last year, primarily due to $1.2 billion in sales generated as a result of the November 2013 merger with Nash Finch Company. Adjusted earnings before interest, taxes, depreciation and amortization increased 103.6% to $55.9 million, or 3.1% of net sales, compared to $27.5 million, or 4.4% of net sales last year. Reported operating earnings increased 171.7% to $33.6 million compared to $12.4 million for the prior year quarter. The increase was primarily due to contributions from the merger with Nash Finch and lower expenses, primarily as a result of merger synergies, partially offset by higher LIFO expense and the impact of continued low center store inflation. Adjusted earnings from continuing operations were $17.2 million, or $0.46 per diluted share on approximately 37.8 million shares outstanding, compared to $9.3 million, or $0.43 per diluted share on approximately 22.0 million shares outstanding last year. For the third quarter of fiscal 2014, adjusted earnings from continuing operations excludes net after-tax charges of $0.01 per diluted share related to merger integration expenses, and net asset impairment and restructuring gains. For the prior year third quarter, adjusted earnings from continuing operations excluded net after-tax charges of $0.13 per diluted share, related to merger expenses and the favorable settlement of an unrecognized tax liability established in the prior year. Reported earnings from continuing operations were $17.2 million, or $0.45 per diluted share, compared to $6.7 million, or $0.30 per diluted share, in the prior year quarter, primarily due to the factors previously mentioned. Net long-term debt (including current maturities and capital lease obligations and subtracting cash) for the company was $548.8 million as of October 4, 2014 compared to $146.9 million at the end of the third quarter last year, due primarily to the incurrence of $436.1 million in debt as a result of the Nash Finch merger. Net long term debt decreased $47.6 million from $596.4 million at December 28, 2013. The company's total net long-term debt-to-capital ratio is 0.42-to-1.0 as of October 4, 2014. Net long-term debt is a non-GAAP financial measure. Long-term debt and capital lease obligations, including current maturities were $556.9 million at October 4, 2014 compared to $152.4 million at October 12, 2013. Earnings before income taxes and discontinued operations were $28,146,000 against $10,172,000 for the same period of last year. Net earnings were $17,096,000 against $6,571,000 for the same period of last year. Diluted earnings per share from continuing operations were $0.45 against basic and diluted share of $0.30 the same period of last year. Basic and diluted per share was $0.45 against $0.30 the same period of last year. For the nine months, net sales were $5,953,473,000 against $2,061,491,000 for the same period of last year. Operating earnings were $93,839,000 against $48,630,000 for the same period of last year. Earnings before income taxes and discontinued operations were $75,419,000 against $37,677,000 for the same period of last year. Earnings from continuing operations were $47,083,000 against $23,627,000 for the same period of last year. Net earnings were $46,725,000 against $23,199,000 for the same period of last year. Basic and diluted earnings per share from continuing operations were $1.25 against $1.08 the same period of last year. Basic and diluted per share was $1.24 against $1.06 the same period of last year. Adjusted EBITDA was $179,103,000 against $92,485,000 for the same period of last year. Cash flow provided by operating activities for the year to date period was $117.4 million compared to $56.1 million for the comparable period last year. The increase in cash provided was primarily the result of contributions from the merger. The company provided earnings guidance for the fourth quarter and full year of 2014. For the quarter, the company anticipates that net earnings from continuing operations per diluted share will be in the range of $0.39 to $0.44, excluding merger integration costs and any other one-time expenses. For fiscal 2014, the company is maintaining its previously issued guidance of consolidated net sales in the range of $7.90 billion to $8.04 billion and raising the low end of its Adjusted EBITDA to a range of $232.0 million to $239.0 million. The company is also raising the range of adjusted earnings per share from continuing operations to approximately $1.75 to $1.80, excluding integration costs and other one-time expenses and gains. The company expects capital expenditures to be in the range of $77.0 million to $82.0 million, net of anticipated sale leaseback proceeds related to a new store location, with depreciation and amortization in the range of $87.0 million to $89.0 million.

 

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SPTN

Industry Average

Valuation SPTN Industry Range
Price/Earnings 35.8x
Price/Sales 0.1x
Price/Book 1.3x
Price/Cash Flow 38.3x
TEV/Sales 0.1x
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