Last $26.49 USD
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Volume 64.8K
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As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

850 76th Street SW

PO Box 8700

Grand Rapids, MI 49518

United States

Phone: 616-878-2000

Fax:

SpartanNash Company operates as a grocery distributor and retailer primarily in the United States. The company's core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. Segments The company operates three segments: Military, Food Distribution, and Retail. Military segment The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The products the company distributes are delivered to 174 military commissaries and approximately 400 exchanges located in 38 states across the United States and the District of Columbia, Europe, Puerto Rico, Cuba, the Azores, Egypt and Bahrain. The company has approximately 600 distribution contracts with manufacturers that supply products to the Defense Commissary Agency system and various exchange systems. Food Distribution segment The Food Distribution segment uses a multi-platform sales approach to distribute groceries to independent and corporate owned grocery retailers. This segment supplies a diverse group of independent grocery store operators that range from a single store to supermarket chains with approximately 32 stores, as well as its corporate-owned stores. Shipments to the locations are made both from SpartanNash food and military distribution centers. The Food Distribution segment provides a selection of approximately 50,000 stock-keeping units (SKU's), including dry groceries, produce, dairy products, meat, deli, bakery, frozen food, seafood, floral products, general merchandise, pharmacy and health and beauty care. Its product line includes multi-tiered families of private brands under the platforms of Spartan, Our Family and IGA. A variety of national brands is available in commodities, including grocery, dairy, frozen, meat, seafood, produce, floral, bakery, deli, general merchandise and health and beauty care. The company’s food distribution network is comprised of 13 distribution centers with approximately 5.7 million square feet of warehouse space. Across its distribution network the company operates a fleet of 356 over-the-road tractors, 967 dry vans, and 886 refrigerated trailers. Within its fleet, the company has 92 new 53 foot refrigerated trailers equipped with a Carrier Vector refrigeration unit. Additional Services: The company also offers and provides its independent distribution customers with value-added services, including: site identification and market analysis, coupon redemption, store planning and development, product reclamation, marketing, promotion and advertising, graphic services, technology and information services, category management, accounting, payroll and tax preparation, real estate services, human resource services, construction management services, fuel technology, pharmacy retail and procurement services, account management, field sales support, retail pricing, and InSite Business to Business communications. Retail segment The Retail segment operates 172 retail supermarkets in the Midwest which operate under banners, including Family Fare Supermarkets, No Frills, Bag N Save, Family Fresh Markets, D&W Fresh Markets, Sun Mart and Econo Foods, as well as several other brands. The company’s 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. In 90 of its supermarkets, the company also offers pharmacy services. The company operates 34 fuel centers primarily at its supermarket locations operating under the banners 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. Seasonality The company’s sales and operating performance vary with seasonality. The company’s former first and fourth quarters are typically lowest sales quarters. Regulations The company’s products are subject to federal Food and Drug Administration regulation. The company is in substantial compliance in all material respects with the Food and Drug Administration and other federal, state and local laws and regulations governing its businesses. History The company was founded in 1917. It was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in May 2014.

 

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SPTN

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Valuation SPTN Industry Range
Price/Earnings 37.3x
Price/Sales 0.1x
Price/Book 1.3x
Price/Cash Flow 39.9x
TEV/Sales 0.1x
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