Last $21.91 USD
Change Today +1.50 / 7.35%
Volume 454.6K
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

spartannash co (SPTN) Snapshot

Open
$20.33
Previous Close
$20.41
Day High
$22.41
Day Low
$20.05
52 Week High
01/13/14 - $25.74
52 Week Low
08/1/13 - $19.00
Market Cap
826.5M
Average Volume 10 Days
213.2K
EPS TTM
$1.67
Shares Outstanding
37.7M
EX-Date
06/12/14
P/E TM
13.1x
Dividend
$0.48
Dividend Yield
1.92%
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 June 30, 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 June 30, 2014 to shareholders of record as of June 16, 2014.

Spartan Stores Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended April 19, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2015; Records Impairment Charges for the First Quarter of Fiscal 2015

Spartan Stores Inc. announced unaudited consolidated earnings results for the first quarter ended April 19, 2014. For the quarter, the company reported net sales of $2,333,727,000 compared with $780,278,000 for the same period a year ago. Operating earnings was $27,578,000 compared with $21,092,000 for the same period a year ago. Earnings before income taxes and discontinued operations was $20,099,000 compared with $14,570,000 for the same period a year ago. Earnings from continuing operations was $12,519,000 or $0.33 per diluted share compared with $8,912,000 or $0.41 per diluted share for the same period a year ago. Net earnings was $12,310,000 or $0.33 per diluted share compared with $8,636,000 or $0.40 per diluted share for the same period a year ago. Net cash provided by operating activities was $32,595,000 compared with $35,351,000 for the same period a year ago. Adjusted EBITDA was $64,912,000 compared with $35,557,000 for the same period a year ago. Adjusted operating earnings was $31,873,000 compared with $22,325,000 for the same period a year ago. Adjusted earnings from continuing operations was $15,194,000 or $0.40 per diluted share compared with $11,355,000 or $0.52 per diluted share for the same period a year ago. Total net long-term debt was $590,016,000 compared with $142,409,000 for the same period a year ago. For the quarter, the company recorded impairment charges of $127,000 compared with $1,233,000 for the same period a year ago. For the second quarter of fiscal 2014, the company anticipates that the weather and Easter timing induced sales benefits from the first quarter will not be replicated, resulting in a softer sales environment. While the company continues to expect retail comparable sales to remain positive, it believes the rate will be in the 0.5% to 1.0% range. Due to these factors and the expectation that LIFO will continue to negatively impact results, the company anticipates that net earnings from continuing operations per diluted share will be at or slightly below last year's comparable second quarter results of $0.46 per diluted share, excluding merger integration costs and any other one-time expenses. The company is anticipating that adjusted net earnings per share for the second quarter will be at or slightly below last year's comparable second quarter results of $0.46 per diluted share. 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, Adjusted EBITDA in the range of $230.0 million to $239.0 million and earnings per share from continuing operations of approximately $1.65 to $1.75, excluding integration costs of approximately $7.4 million after tax and any other one-time expenses. The company continues to expect capital expenditures for fiscal year 2014 to be in the range of $77.0 million to $82.0 million, with depreciation and amortization in the range of $89 million to $93 million and total interest expense in the range of $26.0 million to $28.0 million. Adjusted earnings per share from continuing operations to be approximately $1.65 to $1.75 excluding integration cost of approximately $7.4 million after tax and other impairment and onetime expenses.

Spartan Stores Inc., Q1 2014 Earnings Call, May 22, 2014

Spartan Stores Inc., Q1 2014 Earnings Call, May 22, 2014

 

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Industry Analysis

SPTN

Industry Average

Valuation SPTN Industry Range
Price/Earnings 100.0x
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 177.3x
TEV/Sales 0.0x
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