NGA holds successful Fall Leadership Meetings; appoints IGA Inc.’s John Ross and SpartanNash’s Larry Pierce to its board

NGA holds successful Fall Leadership Meetings; appoints IGA Inc.’s John Ross and SpartanNash’s Larry Pierce to its board

CHICAGO, Ill., 2017-Oct-23 — /EPR Retail News/ — The National Grocers Association (NGA), the trade association representing the independent supermarket industry, today announced over 300 senior level meetings between retailers and wholesalers with manufacturers and service suppliers took place during the Trading Partner Business Sessions at the NGA Fall Leadership Meetings.

The Trading Partner Business Sessions connected independent food retailers with trading partners in the consumer packaged goods, distribution, financial operations, and service providers space to discuss mutual business opportunities, strategies, and goals.

“This one-of-a-kind opportunity between key players in the independent supermarket industry is crucial to strengthening business relationships and fostering deeper industry collaboration,” said Peter J. Larkin, president and CEO of NGA. “We thank our long-time industry partners at First Data and FMS for helping us provide independent supermarket operators with this important networking opportunity.”

NGA’s Board of Directors also voted unanimously to appoint John Ross, president and CEO at IGA Inc., and Larry Pierce, executive vice president of merchandising and marketing at SpartanNash, to fill vacancies on its Board of Directors during the event. Ross was appointed to an ex-officio seat, replacing IGA, Inc. chairman and former president and CEO Mark Batenic. Pierce will fill an unexpired term of Derek Jones, a former SpartanNash executive vice president.

“Both Larry and John have a great deal of experience and are widely recognized as leaders in the food retail industry,” said Larkin. “We’re pleased to welcome them to the Board at such a crucial time for independent grocers as we develop future strategies to advance the independent supermarket industry.”

John Ross was named president and CEO of IGA, Inc., the world’s largest independent supermarket network with nearly 5,000 IGA supermarkets in more than 30 countries worldwide, representing $36 billion per year in sales. Previously, Ross was president of Inmar promotion Network, headed the Emerging Media Lab for global agency holding company Interpublic Group, founded IPG’s Shopper Sciences, and spent 11 years with Home Depot in various marketing roles.

Larry Pierce was named executive vice president of merchandising and marketing for SpartanNash in July 2014, a position he held on an interim basis since August 2013. Previously, Pierce was the vice president of center store merchandising for six years. He joined the company in 2008 after serving in a variety of positions with Coca-Cola Enterprises, including vice president of sales for the supermarket’s mass and convenience channels.

The Fall Leadership Meetings, sponsored by First Data (NYSE: FDC) and FMS Solutions Holding, LLC, were held in conjunction with the NACS Show, one of the 40 largest trade shows in the United States, in Chicago, Ill. between October 17-20.

### 

Additional Media Resources:

  • For pictures of the event, click HERE.
  • For a headshot of Larry Pierce, click HERE.
  • For a headshot of John Ross, click HERE.

SOURCE: National Grocers Association

MEDIA CONTACT
communications@nationalgrocers.org

SpartanNash declares quarterly cash dividend of $0.165 per common share

Byron Center, MI, 2017-Sep-01 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (Aug 30th, 2017) announced that its Board of Directors has approved a quarterly cash dividend of $0.165 per common share. The dividend will be paid on September 29, 2017 to shareholders of record as of September 15, 2017. As of August 29, 2017 there were 37,274,698 common shares outstanding.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. As of today, SpartanNash currently operates 150 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to U.S. military commissaries.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although SpartanNash expects to continue to pay a quarterly cash dividend, adoption of a dividend policy does not commit the Board of Directors to declare future dividends. Each future dividend will be considered and declared by the Board of Directors at its discretion. The ability of the Board of Directors to continue to declare dividends will depend on a number of factors, including SpartanNash’s future financial condition and profitability and compliance with the terms of its credit facilities.

Investor Contact:
Tom Van Hall
(616) 878-8023
Interim Chief Financial Officer

Media Contact:
Meredith Gremel
(616) 878-2830
Vice President Corporate Affairs and Communications

Source: SpartanNash

SpartanNash appoints Mark Shamber as Executive Vice President and CFO

SpartanNash appoints Mark Shamber as Executive Vice President and CFO

 

Experienced Food Distribution Executive Mark Shamber to Join Company in September

Byron Center, MI, 2017-Aug-17 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced today (Aug 16th, 2017) that the Company has appointed Mark Shamber as Executive Vice President and Chief Financial Officer (CFO), effective September 11, 2017. Shamber previously served as Chief Financial Officer for United Natural Foods, Inc., a specialty and organic food distributor (NASDAQ: UNFI). Following his departure from UNFI at the end of 2015, Mark has been working as an independent consultant and serving as the Vice Chairman, Board of Directors of Day Kimball Healthcare, Inc. Earlier in his career, Shamber worked in the audit practice of Ernst & Young and in the finance department of Reebok International.

As SpartanNash’s CFO and Executive Vice President, Shamber will direct finance, mergers and acquisitions, treasury, internal audit, real estate, and risk management. He will report to SpartanNash’s President and Chief Executive Officer, David Staples.

“We look forward to having Mark join our team,” notes Staples. “Mark’s expertise in the food distribution industry, especially in the natural and organic space and with independent grocers and national chains, as well as his overall M&A prowess make him an excellent fit for SpartanNash and will help drive our future success.”

Staples continued, “Tom Van Hall, a critical member of our finance team for more than fourteen years, has been acting as SpartanNash’s interim CFO since July of 2017. We are most grateful for his contributions and commitment to remaining on board to assist with Mark’s transition.”

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate-owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. As of today, SpartanNash currently operates 150 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to U.S. military commissaries.

Contact:
Tom Van Hall
Interim Chief Financial Officer
616-878-8023

Meredith Gremel
Vice President, Corporate Affairs & Communications
616-878-2830

Source: SpartanNash

SpartanNash Q2 FY2017 financial results: Consolidated Net Sales Increased 3.7% Driven by Growth in Food Distribution Segment

  • Reported Second Quarter EPS from Continuing Operations Improved to $0.56 per Diluted Share
  • Adjusted Second Quarter EPS from Continuing Operations Improved to $0.60 per Diluted Share
  • Experienced Food Distribution Executive Mark Shamber to Join Company as CFO in September

Byron Center, MI, 2017-Aug-17 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (Aug 16th, 2017) reported financial results for the 12-week second quarter and 28-week period ended July 15, 2017.

Second Quarter Results

Consolidated net sales for the second quarter increased $67.1 million to $1.89 billion from $1.83 billion in the prior year quarter. The increase in net sales was driven by contributions from the Caito Foods Service (“Caito”) acquisition and organic growth in the food distribution segment.

Reported operating earnings improved to $38.9 million from $32.6 million in the prior year quarter. The increase was primarily due to lower asset impairment and restructuring charges compared to the prior year and continuing favorable results in the food distribution segment. Adjusted operating earnings(1) improved to $41.4 million from $39.3 million in the prior year quarter as organic sales growth and favorable margins in food distribution mitigated the impact of a challenging retail environment, with additional favorable impacts from general cost control, supply chain efficiency improvements and lower incentive compensation expense. Please see the financial tables at the end of this press release for a reconciliation of each non-GAAP financial measure to the most directly comparable measure prepared and presented in accordance with GAAP.

Reported earnings from continuing operations improved $3.5 million to $21.1 million, or $0.56 per diluted share, compared to $17.6 million, or $0.47 per diluted share, in the prior year quarter. Adjusted earnings from continuing operations(2) for the second quarter improved to $22.6 million, or $0.60 per diluted share, from $21.7 million, or $0.58 per diluted share, in the prior year quarter. Current year adjusted earnings from continuing operations exclude net after-tax charges of $0.04 per diluted share primarily related to start-up costs associated with the new Fresh Kitchen operation and merger/acquisition and integration activities mainly associated with the most recent acquisition. Prior year adjusted earnings from continuing operations exclude net after-tax charges of $0.11 per diluted share primarily related to asset impairment charges, restructuring activities associated with the Company’s warehouse rationalization plan, and ongoing merger/integration activities.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)(3) improved by 5.6 percent to $62.0 million, or 3.3 percent of net sales, compared to $58.7 million, or 3.2 percent of net sales, in the prior year quarter, marking the 3rd consecutive quarter of year-over-year improvement in Adjusted EBITDA.

“We continue to be very pleased with our food distribution segment’s performance despite challenging retail market conditions, as the creative solutions we offer our customers continue to contribute to their success as well as ours,” said David Staples, President and Chief Executive Officer (“CEO”). “On a consolidated basis, we delivered both top-line and earnings growth primarily due to increases in our food distribution segment and from ongoing improvements to our supply chain. As anticipated, we began to see an easing of deflationary pressures with overall food inflation coming in flat to slightly inflationary for the quarter, marking the first quarter without deflation in over a year. While the integration of our latest acquisition and the start-up of our new Fresh Kitchen facility have been slower than anticipated, we are excited about the potential they provide for both the fresh-cut fruits/vegetables and freshly prepared meal solution offerings, which are right in line with the ever-increasing consumer demand for convenience. During the quarter, we began shipping private brand products to U.S. military commissaries and look forward to the continued roll out of this program in the second half of the year. Additionally, at the beginning of the third quarter, we entered into an agreement to obtain all of the commissary distribution business from a DeCA provider exiting the business in the Southwest. We expect these two events to reverse the current military trends to positive by the fourth quarter. It is an exciting time at SpartanNash given the growth we are experiencing with our distribution customers and the new arenas we are entering, the positive changes we are bringing to our military business, and the continued enhancements we are making in our retail operations. We remain confident in our strategy and believe our expertise as a food wholesaler and retailer gives us a unique competitive advantage and enables us to deliver best-in-class solutions to our food distribution and retail customers.”

Gross profit margin for the second quarter was 14.3 percent compared to 14.4 percent in the prior year quarter primarily due to the mix of business operations.

Reported operating expenses for the second quarter were $232.1 million, or 12.2 percent of net sales, compared to $230.1 million, or 12.6 percent of net sales, in the prior year quarter. The lower expenses as a rate to net sales was primarily attributable to lower restructuring and asset impairment costs compared to the prior year quarter, benefits associated with supply chain improvements and lower incentive compensation costs, partially offset by higher expenses due to the recent acquisition and the mix of business operations. Second quarter operating expenses would have been $231.5 million compared to $223.4 million in the prior year quarter, representing 12.2 percent of net sales in both periods, if the previously mentioned adjustments were excluded.

Food Distribution Segment

Net sales for the food distribution segment increased $121.3 million, or 14.8 percent, to $941.6 million from $820.3 million in the prior year quarter, primarily due to contributions from the recent acquisition and organic sales growth from new and existing customers.

Reported operating earnings for the food distribution segment increased to $23.2 million from $19.2 million in the prior year quarter. The increase in reporting operating earnings was due to sales growth, favorable margins, supply chain optimization efforts and lower incentive compensation costs, partially offset by start-up and integration costs related to the recent acquisition, and higher depreciation and amortization expense. Second quarter adjusted operating earnings increased to $25.8 million from $21.6 million in the prior year quarter. Second quarter adjusted operating earnings in the current and prior year exclude $2.6 million and $2.4 million, respectively, of pre-tax charges primarily related to Fresh Kitchen start-up costs and merger/acquisition and integration costs in the current year, and restructuring charges related to the Company’s warehouse optimization plan in both periods. Adjusted operating earnings by segment(4) is a non-GAAP operating financial measure.

Military Segment

Net sales for the military segment were $471.1 million compared to $505.4 million in the prior year quarter. The decrease was primarily due to lower sales at the Defense Commissary Agency (“DeCA”) operated commissaries. Reported operating earnings for the military segment were $2.5 million in both the current and prior year quarter. Reported operating earnings were comparable to the prior year, representing a significant improvement from the first quarter year-over-year trend, as the impact of lower sales was offset by favorable margins and lower incentive compensation and health care costs. These trends are expected to improve over the remainder of the fiscal year as the Company begins to service new business in the Southwest and as the private brand program continues to roll out. Adjusted operating earnings increased to $2.5 million from $2.2 million in the prior year quarter.

Retail Segment

Net sales for the retail segment were $482.0 million in the second quarter compared to $501.8 million for the prior year quarter. The decrease in net sales was primarily attributable to $11.6 million in lower sales resulting from the closures and sales of retail stores as well as a 1.8 percent decrease in comparable store sales for the quarter, excluding fuel, which despite the challenging retail environment, was in line with past quarter results.

Reported operating earnings in the retail segment increased to $13.2 million from $10.9 million in the prior year quarter. The increase in reported operating earnings was primarily attributable to lower restructuring and asset impairment costs compared to the prior year quarter. Adjusted operating earnings were $13.1 million compared to $15.5 million in the prior year quarter. The decrease in adjusted operating earnings reflects the difficult sales environment and incremental margin investment in the Company’s fresh departments. Adjusted operating earnings exclude $0.1 million of pre-tax gains in this year’s second quarter and $4.6 million of pre-tax asset impairment and merger integration charges in the prior year quarter.

In connection with its store rationalization plan and obtaining new distribution business, the Company sold two of its retail stores in the second quarter to a new food distribution customer, ending the quarter with 151 corporate owned retail stores compared to 160 stores in the prior year quarter.

Balance Sheet and Cash Flow

Cash flow provided by operating activities for the year-to-date period was $38.4 million, compared to $56.3 million provided by operating activities in the comparable period last year. The change in cash flow was mainly due to changes in working capital, particularly higher accounts receivable balances at military as certain customers were addressing system conversion issues and payments were temporarily delayed.

Long-term debt and capital lease obligations, including current maturities, were $660.3 million at July 15, 2017 compared to $431.1 million at December 31, 2016. The increase was a result of the Company funding the recent acquisition with proceeds from the Company’s Credit Agreement. Net long-term debt(5) (including current maturities and capital lease obligations and subtracting cash) was $637.5 million as of July 15, 2017 compared to $406.7 million at December 31, 2016. The Company’s total net long-term debt-to-capital ratio is 0.4-to-1 and net long-term debt to Adjusted EBITDA(6) is 2.7-to-1, as of July 15, 2017.

Outlook

Mr. Staples continued, “Our first half results demonstrate the continuing execution of our business strategy, and we are excited about the growth opportunities developing in our food distribution and military segments. As we integrate the operations of our recent acquisition, refine and expand production in our new Fresh Kitchen facility, and onboard new military business, the positive momentum in our distribution operations will continue to drive growth as more customers will benefit from our expanded product offering and innovative solutions. Our strong track record of customer satisfaction and supply chain capabilities provide a solid foundation for continued organic growth and a healthy pipeline of prospects. In our retail segment, we are committed to providing a great shopping experience for our customers and continue to pursue other channels for providing quality products in a convenient and affordable manner while ensuring our merchandising efforts are aligned with ever-changing consumer demands. During the quarter we introduced Fast Lane, our new online ordering and curbside pick-up service, and anticipate rolling out the service to as many as 50 corporate-owned retail stores by the end of the year. Despite the difficult retail environment, we believe we are well positioned against the market backdrop and will continue to evolve our merchandising efforts and customer personalization initiatives to deliver an even better experience for our customers. As anticipated, we are beginning to see an easing of the recent deflationary pressures; however, we do not see a return to originally expected levels of inflation at this time. Given this trend and the difficult retail environment existing currently, we expect comparable store sales to be negative for the remainder of the year. As we move into the second half of the year, we remain committed to both top-line and earnings growth and delivering long-term value to our shareholders.”

Based on the first half results and outlook for the remainder of the year, the Company is refining its guidance for fiscal 2017. The Company expects adjusted earnings per share from continuing operations(7) of approximately $2.18 to $2.28, excluding merger/acquisition and integration costs and other adjusted expenses and gains, and reported earnings from continuing operations of approximately $1.83 to $1.90 per diluted share. For the third quarter of fiscal 2017, the Company anticipates earnings to be flat to slightly ahead of the prior year as continued strong performance in distribution operations will be partially offset by slower-than-anticipated contributions from the recent acquisition and a challenging marketplace at retail. On the acquisition front, the Company continues to see progress integrating operations, has begun limited production at the Fresh Kitchen facility, and remains confident about the ultimate growth potential and long-term vision for this business and its ready-to-eat categories. The performance of these operations, however, is currently not anticipated to meet original expectations for the current fiscal year but is projected to be accretive in fiscal 2018. To address the challenging retail landscape, the Company is continuing to invest in its store base, personalized marketing initiatives, customer convenience and experience, and the launch of its Our Family® brand into the Michigan region, which will provide the Company with a high quality, company-wide private brand program. For the military segment, the recently secured new business, together with increasing contributions from the DeCA private brand program, are expected to grow military’s sales and earnings in the second half of the fiscal year.

The Company continues to expect an easing of deflationary pressures with modest food inflation anticipated in the second half of the year. Accordingly, and depending on the variability associated with inflation by commodity and its related impact on LIFO, the Company does not expect the prior year deflation-related LIFO benefit of $0.07 per diluted share to repeat in the fourth quarter of fiscal 2017.

Due to changes in the timing of capital projects and several emerging long-term growth opportunities materializing more quickly than anticipated, the Company now expects capital expenditures for fiscal year 2017 to be in the range of $75.0 million to $78.0 million, depreciation and amortization to be approximately $83.0 million to $85.0 million, and total interest expense to be in the range of $23.0 million to $25.0 million.

Recent Developments

SpartanNash announced today that the Company has appointed Mark Shamber as Executive Vice President (“EVP”) and Chief Financial Officer (“CFO”), effective September 11, 2017. Mr. Shamber previously served as CFO for United Natural Foods, Inc., a specialty and organic food distributor (Nasdaq: UNFI). Following his departure from UNFI at the end of 2015, Mark has been working as an independent consultant and serving as the Vice Chairman, Board of Directors of Day Kimball Healthcare, Inc. Earlier in his career, Mr. Shamber worked in the audit practice of Ernst & Young, and in the finance department of Reebok International.

As SpartanNash’s EVP and CFO, Shamber will direct finance, mergers & acquisitions, treasury, internal audit, real estate, and risk management. He will report to David Staples, SpartanNash’s President and CEO.

Conference Call

A telephone conference call to discuss the Company’s second quarter of fiscal 2017 financial results is scheduled for 9:00 a.m. Eastern Time, Thursday, August 17, 2017. A live webcast of this conference call will be available on the Company’s website, www.spartannash.com/webcasts. Simply click on “For Investors” and follow the links to the live webcast. The webcast will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. As of today, SpartanNash currently operates 150 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to U.S. military commissaries.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These include statements preceded by, followed by or that otherwise include the words “outlook,” “momentum,” “believe,” “anticipates,” “continue,” “expects,” “guidance,” “potential,” “trend,” or “plan” or similar expressions. The statements in the “Outlook” section of this press release are inherently forward looking. Forward-looking statements relating to expectations about future results or events are based upon information available to SpartanNash as of today’s date, and are not guarantees of the future performance of the company, and actual results may vary materially from the results and expectations discussed. Additional risks and uncertainties include, but are not limited to, the company’s ability to compete in the highly competitive grocery distribution, retail grocery, and military distribution industries. Additional information concerning these and other risks is contained in SpartanNash’s most recently filed Annual Report on Form 10-K, recent Current Reports on Form 8-K and other SEC filings. All subsequent written and oral forward-looking statements concerning SpartanNash, or other matters and attributable to SpartanNash or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. SpartanNash does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

(1) A reconciliation of operating earnings to adjusted operating earnings, a non-GAAP financial measure, is provided below.
(2) A reconciliation of earnings from continuing operations to adjusted earnings from continuing operations, a non-GAAP financial measure, is provided below.
(3) A reconciliation of net earnings to Adjusted EBITDA, a non-GAAP financial measure, is provided below.
(4) A reconciliation of operating earnings to adjusted operating earnings by segment, a non-GAAP financial measure, is provided below.
(5) A reconciliation of long-term debt and capital lease obligations to total net long-term debt and capital lease obligations, a non-GAAP financial measure, is provided below.
(6) The net long-term debt to Adjusted EBITDA ratio has not been adjusted for the recent acquisition’s results on a pro forma or annualized basis.
(7) A reconciliation of projected earnings per share from continuing operations to adjusted earnings per share from continuing operations.

Investor Contact:
Tom Van Hall
Interim Chief Financial Officer
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

Source: SpartanNash Company

SpartanNash to announce its 2Q FY 2017 financial results on Wednesday, August 16, 2017

Byron Center, MI, 2017-Aug-01 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) will announce its second quarter fiscal year 2017 financial results after the stock market close on Wednesday, August 16, 2017.

The Company will host a conference call to discuss these results with additional comments and details on Thursday, August 17, 2017 at 9:00 a.m. ET. The call will be broadcast live over the Internet hosted at SpartanNash’s website at www.spartannash.com/webcasts under the “Investor Relations” section and will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 150 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to U.S. military commissaries.

Investor Contact:
Tom Van Hall
616-878-8023
Interim Chief Financial Officer

Media Contact:
Meredith Gremel
616-878-2830
Vice President Corporate Affairs and Communications

Source: SpartanNash Company

SpartanNash appoints Kathy Mahoney as President MDV military division

SpartanNash appoints Kathy Mahoney as President MDV military division

 

Senior executive expands her role with the nation’s fifth largest food distributor and leading distributor of grocery products to U.S. commissaries

Byron Center, MI,, 2017-May-25 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) today (May 24th, 2017) announced Executive Vice President and Chief Legal Officer Kathy Mahoney has been named President of the company’s MDV military division based in Norfolk, Va., effective May 31, 2017. MDV is the leading distributor of grocery products to U.S. commissaries. Ms. Mahoney will continue her responsibilities as SpartanNash EVP and CLO.

Ms. Mahoney joined the company in 2004 and was a member of the Executive Steering Committee that oversaw the integration of Spartan Stores, Inc. and Nash Finch Company in 2013. Throughout her tenure with the Company, Ms. Mahoney has worked closely with the MDV leadership team to expand the military platform, resulting in the worldwide network the Company operates today with its strategic partner Coastal Pacific Food Distributors. She has also played a key role with MDV on numerous projects involving direct contact with leaders within the military resale system.

“Kathy is ideally suited for this expanded role,” said Dave Staples, SpartanNash President and CEO. “Her knowledge and experience will be a tremendous asset to the MDV team, and we are excited to be able to promote from within for this key leadership position.”

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate-owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 153 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and SunMart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to U.S. military commissaries.

Contact:
Meredith Gremel
Vice President, Corporate Affairs & Communications
616-878-2830

Source: SpartanNash Company

###

SpartanNash 2017 annual shareholder meeting highlights

Byron Center, MI, 2017-May-25 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (May 24th, 2017) announced that shareholders approved all proposals and re-elected all director nominees at its 2017 annual shareholder meeting, held yesterday in Grand Rapids, Michigan.

Shareholders re-elected 11 directors to the Board of Directors for one-year terms expiring at the 2018 annual meeting. As previously announced, Dave Staples has assumed the role of President and Chief Executive Officer of SpartanNash, following the retirement of Dennis Eidson on May 23, 2017. Mr. Eidson will continue as Chairman of the Board of Directors.Shareholders approved the Company’s “say on pay” advisory vote, and voted on an advisory basis to hold future “say on pay” votes annually.

Shareholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors for the current fiscal year.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 153 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Investor Contact:
Chris Meyers
Executive Vice President & CFO
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

Source: SpartanNash Company

Commissary to debut own store brands

FORT LEE, Va., 2017-May-23 — /EPR Retail News/ — In a matter of weeks, commissary brands will debut on store shelves, ushering the Defense Commissary Agency into a new era of patron savings, said DeCA Director and CEO Joseph H. Jeu.

“We are excited to finally begin offering commissary brands,” Jeu said. “An overwhelming number of our patrons said they would purchase store brands if we had them. Well that time is almost here.”

Commissaries in the United States will see an initial roll out of commissary brand products starting at the end of May with bottled water and later in June with plastic bags and paper products. Stores in overseas areas are expected to see commissary brand items in the September timeframe.

Commissary brand products will be equal or lower in price to commercial grocery store brands. This means they will also definitely cost less than regular national brands, Jeu said. “These products will give our patrons the quality they expect and the savings they deserve.”

DeCA’s commissary brand will be sold under two names: Freedom’s Choice for food items and HomeBase for nonfood items such as paper products and other household items.

Store brand products, also known as private label, are offered by retailers under their own, in-house brand or under a brand developed by their suppliers. Retailers are able to do this by working directly with suppliers.

DeCA is partnering with SpartanNash to develop the agency’s commissary brands. SpartanNash, through its military division MDV, is the leading distributor of grocery products to military commissaries in the United States.

Over the next three to four years patrons will see the gradual rollout of Freedom’s Choice and HomeBase products in their commissaries as DeCA plans to increase the commissary brand inventory to about 4,000 items.

The inclusion of commissary brands will not affect the availability of the name brands patrons have always shopped, Jeu said. DeCA will continue to optimize its product assortment to ensure patrons have a wide range of choices, between commissary and national brands, at competitive prices.

“Our commissary brand products will have the same quality and frequently will be produced on the same manufacturing lines as national brands, meeting the same high quality standards,” Jeu said. “These are products that have been manufactured specifically for our patrons.

“Bottom line: Freedom’s Choice and HomeBase will give our patrons another chance to save money, without sacrificing quality, on brands priced significantly lower than national brands,” he added.

For more information on DeCA’s commissary brand program, visit our FAQ page.

About DeCA
The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Commissaries provide a military benefit and make no profit on the sale of merchandise. Authorized patrons save thousands of dollars annually on their purchases compared to commercial prices when shopping regularly at a commissary. The discounted prices include a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

SOURCE: DeCA

Media Contact

Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil

SpartanNash to release its 1Q FY2017 financial results on Wednesday, May 24, 2017

Byron Center, MI, 2017-May-11 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) will announce its first quarter fiscal year 2017 financial results after the stock market close on Wednesday, May 24, 2017.

The Company will host a conference call to discuss these results with additional comments and details on Thursday, May 25, 2017 at 9:00 a.m. ET. The call will be broadcast live over the Internet hosted at SpartanNash’s website at www.spartannash.com/webcasts under the “Investor Relations” section and will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 153 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Investor Contact:
Chris Meyers
616-878-8023
Executive Vice President & CFO

Media Contact:
Meredith Gremel
616-878-2830
Vice President Corporate Affairs and Communications

Source: SpartanNash Company

SpartanNash announces the promotion of Bill Jacobs to VP, Treasury and Corporate Development

SpartanNash announces the promotion of Bill Jacobs to VP, Treasury and Corporate Development

 

Byron Center, MI, 2017-Mar-23 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced today (Mar 22, 2017) that Bill Jacobs has been promoted to Vice President, Treasury and Corporate Development, effective immediately. Mr. Jacobs has been with SpartanNash for nearly 24 years, serving as the Company’s Treasurer since 2005.

In his new role, Mr. Jacobs will be responsible for the treasury function, capital markets, credit and corporate insurance and will support the ongoing merger and acquisition activities of SpartanNash.

He will report directly to Chris Meyers, Executive Vice President and Chief Financial Officer.

“Throughout his career at SpartanNash, Bill has been a key member of the finance team, and his contributions to the Company’s bottom line have resulted in many efficiencies over the years,” Mr. Meyers said. “As we continue to seek out new opportunities, we look forward to the contributions Bill will make in his newly expanded role.”

Mr. Jacobs also held the title of Assistant Treasurer with the Company from 2002-05.

During his time at SpartanNash, he has led multiple capital markets projects that supported the Company’s growth strategy.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate-owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 154 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and SunMart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Contact:

Meredith Gremel
Vice President, Corporate Affairs and Communications
616.878.2830

Source: SpartanNash

###

SpartanNash announces the promotion of Pat Weslow as SVP, Distribution Sales

Byron Center, MI, 2017-Mar-08 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced today (Mar 6th, 2017) that Pat Weslow has been promoted to Senior Vice President, Distribution Sales, where he will oversee sales across the Company’s distribution network, effective today. Mr. Weslow has been serving as SpartanNash’s Vice President, National Accounts and will report directly to Dave Staples, SpartanNash’s President and Chief Operating Officer.

“Since joining the company in 2014, Pat has been a key member of SpartanNash’s distribution sales team,” commented Mr. Staples. “He has played a significant role in the food distribution segment’s sales growth.”

Prior to joining SpartanNash, Mr. Weslow held executive sales and marketing positions with Acosta and Coca-Cola, including Vice President, Retail Operations for Acosta, and Director of National Retail Sales and Director of Supermarket Sales for Coca-Cola.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate-owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 155 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and SunMart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Contact:
Meredith Gremel
Vice President, Corporate Affairs and Communications
616.878.2830

Source: SpartanNash

SpartanNash announces quarterly cash dividend of $0.165 per common share

Byron Center, MI, 2017-Mar-07 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (Mar 6th, 2017) announced that its Board of Directors approved a 10% increase to its quarterly cash dividend from $0.15 per common share to $0.165 per common share. The dividend will be paid on March 31, 2017 to shareholders of record as of March 20, 2017. As of March 1, 2017 there were 37,519,304 common shares outstanding.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores, and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 155 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although SpartanNash expects to continue to pay a quarterly cash dividend, adoption of a dividend policy does not commit the Board of Directors to declare future dividends. Each future dividend will be considered and declared by the Board of Directors at its discretion. The ability of the Board of Directors to continue to declare dividends will depend on a number of factors, including SpartanNash’s future financial condition and profitability and compliance with the terms of its credit facilities.

Investor Contact:
Chris Meyers
616-878-8023
Executive Vice President & CFO

Media Contact:
Meredith Gremel
616-878-2830
Vice President Corporate Affairs and Communications

Source: SpartanNash Company

SpartanNash announces Consolidated Net Sales Increased 3.4% Despite Deflationary Environment during Fiscal Year 2016

  • Consolidated Net Sales Increased 3.4% Despite Deflationary Environment
  • Reported Fourth Quarter EPS from Continuing Operations of $0.34 per Diluted Share; Adjusted Fourth Quarter EPS from Continuing Operations of $0.53 per Diluted Share
  • Long-Term Debt Decreased $55.7 Million in Fiscal 2016

Byron Center, MI, 2017-Feb-23 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (Feb 22, 2017) reported financial results for the 12-week fourth quarter and 52-week year ended December 31, 2016.

Fourth Quarter Results

Consolidated net sales for the fourth quarter increased to $1.83 billion from $1.77 billion in the prior year quarter, driven by increases in the food distribution and military segments and the timing of the New Year’s Day holiday.

Reported operating earnings were $24.6 million compared to $33.0 million in the prior year quarter. The decrease was due to restructuring and asset impairment charges, and merger integration and acquisition expenses. Similar to the prior year, the deflationary environment resulted in a positive fourth quarter LIFO benefit of $4.0 million, compared to $4.4 million in the prior year quarter. Adjusted operating earnings improved to $35.8 million from $35.4 million in the prior year quarter, despite the negative impact of food deflation in all segments. Adjusted operating earnings(1) is a non-Generally Accepted Accounting Principles (GAAP) operating financial measure. Please see the financial tables at the end of this press release for a reconciliation of each non-GAAP financial measure to the most directly comparable measure prepared and presented in accordance with GAAP.

Reported earnings from continuing operations for the fourth quarter were $12.8 million, or $0.34 per diluted share, compared to $17.2 million, or $0.46 per diluted share, in the prior year quarter. Adjusted earnings from continuing operations for the fourth quarter increased to $20.0 million, or $0.53 per diluted share, from $19.6 million, or $0.52 per diluted share, in the prior year quarter. Current year adjusted earnings from continuing operations exclude net after-tax charges of $0.19 per diluted share primarily related to asset impairment charges associated with certain underperforming retail stores, merger integration and acquisition activities mainly associated with the acquisition of Caito Foods Service (“Caito”) and Blue Ribbon Transport (“BRT”), and net restructuring gains primarily attributable to a favorable lease buyout. Prior year adjusted earnings from continuing operations exclude net after-tax charges of $0.06 per diluted share primarily related to merger integration and acquisition expenses, debt extinguishment and restructuring activities. Adjusted earnings from continuing operations(2) is a non-GAAP operating financial measure.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) were $50.8 million compared to $49.9 million in the prior year quarter, representing 2.8 percent of consolidated net sales in both years. Adjusted EBITDA(3) is a non-GAAP financial measure.

“Our fourth quarter performance was a strong finish to an equally strong fiscal 2016 as we continued to grow sales and exceed our earnings guidance despite a continued challenging deflationary environment,” stated Dennis Eidson, SpartanNash’s Chief Executive Officer and Chairman of the Board. “Our results reflect the sound execution of our strategy to leverage our supply chain network in order to drive new and expanded customer supply business. We also posted our fourth consecutive quarter of improved retail comparable store sales trends as we benefited from the shift of New Year’s Day into fiscal 2017. Additionally, we announced the acquisition of Caito Foods Service, a leading supplier of fresh fruits and vegetables as well as value-added meal solutions for retailers, and Blue Ribbon Transport, which provides temperature-controlled distribution and logistics services throughout North America. We were also competitively awarded by the Defense Commissary Agency to be the exclusive worldwide supplier of private brand products to U.S. military commissaries, and we look forward to expanding on these opportunities in 2017.”

Gross profit margin for the fourth quarter was 14.2 percent compared to 14.6 percent in the prior year quarter primarily due to the mix of business operations.

Reported operating expenses for the fourth quarter were $234.6 million, or 12.8 percent of sales, compared to $225.3 million, or 12.7 percent of sales, in the prior year quarter. Fourth quarter operating expenses would have been $223.5 million, or 12.2 percent of net sales, compared to $222.9 million, or 12.6 percent of net sales in the prior year quarter, if asset impairment, restructuring, merger and acquisition, and severance charges were excluded from both periods. The decrease as a rate to sales was primarily attributable to improved operating expense leverage resulting from sales growth and the mix of business operations, partially offset by higher health care and other benefit costs.

Food Distribution Segment

Net sales for the food distribution segment increased to $838.6 million from $773.7 million in the prior year quarter primarily due to business gains from new and existing customers, as well as holiday timing, which more than offset the negative impact of deflation.

Reported operating earnings for the food distribution segment were $21.1 million compared to $22.6 million in the prior year quarter. Fourth quarter adjusted operating earnings increased to $23.9 million from $23.4 million in the prior year quarter. The higher sales and supply chain improvements in food distribution were largely offset by continued deflation, a lower deflation-related LIFO benefit compared to the prior year, and higher health care and other benefit costs. Fourth quarter adjusted operating earnings in the current and prior year exclude $2.8 million and $0.8 million, respectively, of pre-tax charges primarily related to merger integration and acquisition expenses. Adjusted operating earnings by segment(4) is a non-GAAP operating financial measure.

Military Segment

Net sales for the military segment increased to $510.4 million from $504.7 million in the prior year quarter. The increase was due to new business gains associated with the distribution of fresh products and holiday timing, partially offset by lower sales at the Defense Commissary Agency (“DeCA”) operated commissaries.

Reported operating earnings for the military segment were $3.4 million compared to $3.6 million in the prior year quarter. Adjusted operating earnings were $3.1 million compared to $3.7 million in the prior year period. Fourth quarter adjusted operating earnings exclude $0.3 million of pre-tax restructuring gains related to the sale of vacant land. The decrease in operating earnings was primarily due to higher health care costs.

Retail Segment

Net sales for the retail segment were $479.2 million in the fourth quarter compared to $489.6 million for the prior year quarter. Comparable store sales for the quarter, excluding fuel, improved to -1.2 percent from -1.8 percent a quarter ago as a 50 basis point impact as a result of the holiday shift helped mitigate the impact of ongoing deflation and continued challenging economic conditions, particularly in North Dakota. The decrease in net sales was primarily attributable to $7.7 million in lower sales resulting from retail store closures, and the negative comparable store sales, partially offset by a $2.4 million increase in sales due to higher retail fuel prices and gallons sold compared to the prior year.

Reported operating earnings in the retail segment were $0.2 million compared to $6.8 million in the prior year quarter. Adjusted operating earnings were $8.7 million compared to $8.4 million in the prior year quarter. Current year adjusted operating earnings exclude $8.5 million of net pre-tax charges primarily associated with asset impairment charges and restructuring gains. The prior year fourth quarter excludes $1.6 million of pre-tax restructuring, merger integration and acquisition costs. The increase in adjusted operating earnings was primarily attributable to cost reductions, higher fuel margins, and the closure of under performing stores, largely offset by lower comparable store sales impacted by deflation, and higher benefit costs.

During the fourth quarter, the Company closed two stores upon lease expiration, ending the quarter with 157 corporate owned retail stores, 78 pharmacies, and 30 fuel centers.

Balance Sheet and Cash Flow

Cash flow provided by operating activities for fiscal 2016 was $154.5 million, compared to $219.5 million in the comparable period last year, decreasing primarily due to customer advances and higher inventory levels to support sales growth and the timing of working capital requirements and income tax payments.

On December 20, 2016, the Company amended its existing credit facility to provide more flexibility with certain financial covenants, including the ability to increase the size of the term loan, extend the maturity from January 2020 to December 2021, and eliminate the highest cost tier of its pricing grid.

Long-term debt and capital lease obligations, including current maturities, decreased $55.7 million to $431.1 million at December 31, 2016, from $486.8 million at January 2, 2016. Net long-term debt (including current maturities and capital lease obligations and subtracting cash) decreased $57.4 million to $406.7 million as of December 31, 2016, from $464.1 million at January 2, 2016. The Company’s total net long-term debt-to-capital ratio is 0.3-to-1.0 and net long-term debt to Adjusted EBITDA is 1.8-to-1.0, which is better than the Company’s year-end goal of 2.0 times, as of December 31, 2016. Net long-term debt(5) is a non-GAAP financial measure.

Fiscal Year 2016 Results

For fiscal 2016, consolidated net sales increased $82.6 million to $7.73 billion, from $7.65 billion in fiscal 2015. The increase in net sales was primarily driven by business gains from new and existing customers in the food distribution and military segments, which more than offset the negative impact of food deflation on all segments; lower sales at the DeCA-operated commissaries; and lower sales attributable to both the decrease in comparable retail store sales and the closure of retail stores.

Reported earnings from continuing operations for fiscal 2016 were $57.1 million, or $1.52 per diluted share, compared to $63.2 million, or $1.67 per diluted share, in the prior year. Adjusted earnings from continuing operations for fiscal 2016 increased to $82.2 million, or $2.19 per diluted share, from $74.6 million, or $1.98 per diluted share, in the prior year. The increase was primarily attributable to sales growth at food distribution and lower operating expenses due in part to lower depreciation, and productivity and efficiency initiatives, which offset the negative impact of deflation in all segments. The increase was also due in part to the timing of the New Year’s Day holiday, which shifted from the fourth quarter of fiscal 2016 into the first quarter of fiscal 2017 and contributed approximately $0.03 per diluted share. Fiscal 2016 adjusted earnings from continuing operations exclude $25.1 million of net after-tax charges primarily related to restructuring and asset impairment charges associated with the Company’s warehouse and retail store rationalization plan, asset impairment charges associated with certain under performing retail stores, and merger integration and acquisition costs. Adjusted earnings from continuing operations for fiscal 2015 exclude net after-tax charges of $11.4 million, primarily related to restructuring and asset impairment charges, merger expenses and other adjusted charges.

Adjusted EBITDA for fiscal 2016 improved to $231.0 million from $229.5 million in fiscal 2015, representing 3.0 percent of net sales in each year.

For fiscal 2016, depreciation and amortization expense was $77.2 million, interest expense totaled $19.1 million, and capital expenditures were $73.4 million.

Outlook

Mr. Eidson continued, “As we look forward to 2017 and beyond, we believe we are well positioned to continue to leverage our strong business model, distribution network and balance sheet to grow sales and earnings. We expect the net long-term debt to Adjusted EBITDA ratio to be under 2.5 times by year end, excluding any new M&A activity. We have a solid pipeline of opportunities in our distribution and military channels and will continue to focus on driving growth in our retail business, primarily through the expansion of our consumer-centric merchandising and marketing programs. We expect the acquisition of Caito, which closed on January 6, 2017, will accelerate our growth in the food distribution segment as it increases the size and scope of our customer base and strengthens our fresh product offerings as well as value-added products, such as fresh-cut fruits and vegetables and prepared salads. With Caito’s Fresh Kitchen facility commencing production in the first half of fiscal 2017, we are optimistic about the opportunities to offer fresh protein-based foods and prepared meals to our customers. In our military segment, we are excited to be competitively awarded by DeCA in its new initiative to offer private brand products in its commissaries worldwide and will begin to roll out these products in the first half of fiscal 2017. We anticipate a steady ramp up of private brand products throughout 2017, but expect minimal financial benefit next year due to the anticipated costs to launch the program. While we expect the deflationary environment to continue through the first half of the year, we remain confident in our overall strategy and believe our focus on providing value and innovative solutions to our food distribution and retail customers will continue to serve our business well.”

For fiscal 2017, the Company expects to see growth in year-over-year sales in the food distribution segment, continued challenges with sales at DeCA impacting the military segment, and slightly negative to flat comparable retail store sales, which improve throughout the course of the year. The Company anticipates adjusted earnings per share from continuing operations(6) of approximately $2.26 to $2.35, excluding merger integration costs and other adjusted expenses and gains, compared to $2.19 in the prior year. The 2016 results were positively impacted by $0.03 per diluted share due to the holiday shift, which benefited sales and shifted holiday pay out of fiscal 2016 and into fiscal 2017. The Company anticipates that reported earnings from continuing operations will be in the range of approximately $2.10 to $2.19 per diluted share, compared to $1.52 in the prior year. The guidance reflects Caito and BRT having combined sales of approximately $550 million and being accretive to fiscal 2017 earnings, with minimal contributions from the Fresh Kitchen as that operation ramps up during 2017. In the military segment, the Company also expects limited contributions from the DeCA private brand program in the second half of the year as the program is rolled out. Additionally, the Company expects deflation to eventually subside in the second half of the year, and as a result, does not expect a similar deflation-related LIFO benefit of $0.07 per diluted share in the fourth quarter of fiscal 2017. The Company also anticipates benefits from efficiency initiatives to be realized in the second half of the year.

For the first quarter of fiscal 2017, the Company anticipates earnings to be flat to slightly below the prior year due to the timing of New Year’s Day, which as previously mentioned will negatively impact first quarter sales and profits, the timing of the recognition of health care funding costs, unseasonably warm weather, and the seasonality of the Caito business, which is stronger in the summer months.

The Company expects capital expenditures for fiscal year 2017 to be in the range of $70.0 million to $72.0 million, with depreciation and amortization of approximately $79.0 million to $81.0 million, and total interest expense of approximately $25.0 million to $27.0 million.

(1) A reconciliation of operating earnings to adjusted operating earnings, a non-GAAP measure, is provided below.
(2) A reconciliation of earnings from continuing operations to adjusted earnings from continuing operations, a non-GAAP measure, is provided below.
(3) A reconciliation of net earnings to Adjusted EBITDA, a non-GAAP measure, is provided below.
(4) A reconciliation of operating earnings to adjusted operating earnings by segment, a non-GAAP measure, is provided below.
(5) A reconciliation of long-term debt and capital lease obligations to total net long-term debt and capital lease obligations, a non-GAAP measure, is provided below.
(6) A reconciliation of projected earnings per share from continuing operations to adjusted earnings per share from continuing operations, a non-GAAP measure, is provided below.

Conference Call

A telephone conference call to discuss the Company’s fourth quarter of fiscal 2016 financial results is scheduled for 9:00 a.m. Eastern Time, Thursday, February 23, 2017. A live webcast of this conference call will be available on the Company’s website, www.spartannash.com/webcasts. Simply click on “For Investors” and follow the links to the live webcast. The webcast will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores, and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 155 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These include statements preceded by, followed by or that otherwise include the words “outlook,” “pipeline,” “optimistic,” “committed,” “anticipates,” “continue,” “expects,” “look forward,” “guidance,” “opportunities,” “position,” “focus, ” or “plan” or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available to SpartanNash as of today’s date, and are not guarantees of the future performance of the company, and actual results may vary materially from the results and expectations discussed. Additional risks and uncertainties include, but are not limited to, the company’s ability to compete in the highly competitive grocery distribution, retail grocery, and military distribution industries. Additional information concerning these and other risks is contained in SpartanNash’s most recently filed Annual Report on Form 10-K, recent Current Reports on Form 8-K and other SEC filings. All subsequent written and oral forward-looking statements concerning SpartanNash, or other matters and attributable to SpartanNash or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. SpartanNash does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

Investor Contact:
Chris Meyers
Executive Vice President & CFO
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

Source: SpartanNash Company

SpartanNash completes acquisition of certain assets of Caito Foods Service and Blue Ribbon Transport

Byron Center, MI, 2017-Jan-10 — /EPR Retail News/ — SpartanNash (NASDAQ: SPTN) today (Jan 9th, 2017) announced that it has completed the previously announced acquisition of certain assets of Caito Foods Service (“Caito”) and Blue Ribbon Transport (“BRT”). Under the terms of the agreement, SpartanNash acquired Caito’s produce distribution business, fresh cut fruits and vegetables business and the company’s newly constructed Fresh Kitchen facility which is designed to process and package fresh-prepared foods, as well as the logistics business of BRT.

Commenting on the transaction, SpartanNash CEO and Chairman of the Board Dennis Eidson said, “We are very pleased to complete the transaction with Caito Foods and BRT. Caito is a premier distributor with best-in-class food processing facilities, including its new Fresh Kitchen. Caito’s service area also is complementary to our current distribution footprint, and we look forward to serving customers in new areas in addition to enhancing our offerings to existing customers. This acquisition further strengthens our platform and enhances our ability to help our customers serve their consumers, benefiting our associates and the communities we serve. We thank our Caito, BRT and SpartanNash associates, customers and suppliers for their support in completing this significant achievement. We look forward to leveraging our new platform with its broader customer base and geographic reach to create significant long-term value for our shareholders.”

Forward-Looking Statements

This communication contains forward-looking statements such as “opportunities” and “look forward.” These statements are based on estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, adverse conditions in the U.S. economy; the effects of competition in the markets in which we operate; material changes in the food industry; disruption of key suppliers’ provisioning of products or services; changes in the regulatory environment in which we operate, and other factors. This section is intended to provide meaningful cautionary statements for purposes of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This should not be construed as a complete list of all of the facts and conditions that could adversely affect the Company’s results of operations, financial condition, or liquidity. SpartanNash undertakes no obligation to update or revise its forward-looking statements to reflect developments that occur or information obtained after the date of this communication.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate-owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 157 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and SunMart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

About Caito Foods Service

Caito Foods Service is a leading supplier of fresh fruits and vegetables, fresh-prepared foods, and fresh floral products to grocery retailers and foodservice distributors in 22 states from its distribution centers in Indiana, Ohio and Florida. Through its Blue Ribbon Transport operations, Caito offers internal distribution and logistics services for its customers and for other companies throughout the United States. Caito Foods was founded in 1965 by Philip J. Caito, IV, and his brother, Joseph A. Caito. Together, the brothers developed a dedicated team of managers and leaders and built a company culture centered on family values, success for their associates, and world-class service for their customers.

Contact:
financial inquiries:
Chris Meyers
616-878-8023
EVP, Chief Financial Officer

Media Inquiries:
Meredith Gremel
616-878-2830
Vice President, Corporate Affairs & Communications

Source: SpartanNash

SpartanNash announces 3Q FY2016 consolidated net sales increased by 1.4% vs. same period previous year

  • Consolidated Net Sales Increased 1.4% Despite Prolonged Deflationary Environment
  • Reported Third Quarter EPS from Continuing Operations Improved $0.05 to $0.45 per Diluted Share; Adjusted Third Quarter EPS from Continuing Operations Improved $0.04 to $0.53 per Diluted Share
  • Announced Definitive Agreement to Acquire Caito Foods Service

Byron Center, MI, 2016-Nov-10 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (Nov 9, 2016) reported financial results for the 12-week third quarter and 40-week period ended October 8, 2016.

Third Quarter Results

Consolidated net sales for the 12-week third quarter increased to $1.80 billion from $1.78 billion in the prior year quarter, driven primarily by increases in the food distribution segment.

Reported operating earnings improved to $29.9 million from $29.2 million in the prior year quarter primarily due to sales growth at food distribution and lower operating expenses due in part to lower depreciation as well as productivity and efficiency initiatives, which offset the negative impact of deflation in all segments. Adjusted operating earnings improved to $35.1 million from $34.8 million in the prior year quarter.

Reported earnings from continuing operations for the third quarter increased to $16.7 million, or $0.45 per diluted share, from $15.2 million, or $0.40 per diluted share, in the prior year quarter. Reported earnings from continuing operations for the third quarter include a $0.02 per diluted share benefit associated with tax credits. Adjusted earnings from continuing operations for the third quarter increased to $20.1 million, or $0.53 per diluted share, from $18.6 million, or $0.49 per diluted share, in the prior year quarter. Current year adjusted earnings from continuing operations exclude net after-tax charges of $0.08 per diluted share primarily related to asset impairment and restructuring charges associated with the Company’s retail store rationalization plan as well as merger integration activities. Prior year adjusted earnings from continuing operations exclude net after-tax charges of $0.09 per diluted share primarily related to merger integration and acquisition expenses, as well as net restructuring and asset impairment charges. Adjusted earnings from continuing operations is a non-GAAP operating financial measure.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) was $53.4 million, or 3.0 percent of consolidated net sales, compared to $55.2 million, or 3.1 percent of consolidated net sales in the prior year quarter. Adjusted EBITDA is a non-Generally Accepted Accounting Principles (GAAP) financial measure. Please see the financial tables at the end of this press release for a reconciliation of net earnings to Adjusted EBITDA, and a reconciliation of each non-GAAP financial measure to the most directly comparable measure prepared and presented in accordance with GAAP.

“We are pleased with our ability to overcome the continued challenging economic conditions and prolonged deflationary environment to deliver third quarter sales and earnings growth,” stated Dennis Eidson, SpartanNash’s Chief Executive Officer. “These results reflect the strength of our strategy to provide innovative and impactful solutions for our food distribution and retail customers as we benefited from new customer supply agreements and our third consecutive quarter of improved retail comparable store sales trends. During the quarter, we continued to invest in our merchandising, pricing and promotional initiatives, including expanded produce and private brand product offerings, as well as the continued roll out of Open Acres™. We also celebrated the grand re-openings of our newly remodeled Omaha stores with encouraging results. In addition, we realized further benefits from our ongoing investments in our supply chain network.”

Gross profit margin for the third quarter was 14.2 percent compared to 14.6 percent in the prior year quarter primarily due to the mix of business operations and the impact of continued deflation.

Reported operating expenses for the third quarter decreased to $225.4 million, or 12.5 percent of sales, from $229.8 million, or 12.9 percent of sales, in the prior year quarter. Third quarter operating expenses would have been $220.2 million, or 12.2 percent of net sales, compared to $224.3 million, or 12.6 percent of net sales in the prior year quarter, if restructuring, asset impairment, and merger integration charges were excluded from both periods. The decrease as a rate to sales was primarily due to lower depreciation expense associated with fully depreciated assets and lower occupancy costs, as well as improved operating expense leverage resulting from sales growth and ongoing productivity and efficiency initiatives.

Food Distribution Segment

Net sales for the food distribution segment increased to $804.5 million from $762.3 million in the prior year quarter primarily due to new business gains as well as the growth of certain existing accounts, which more than offset the impact of continued deflation.

Reported operating earnings for the food distribution segment increased to $19.0 million from $16.5 million in the prior year quarter. Third quarter adjusted operating earnings increased to $19.8 million from $17.0 million in the prior year quarter. The increases were due to higher sales, supply chain improvements, and lower depreciation expense, partially offset by costs associated with a water main break, transition-related expenses associated with warehouse consolidation efforts, and continued deflation. Third quarter adjusted operating earnings exclude $0.8 million of net pre-tax charges primarily related to merger integration expenses. The prior year third quarter excludes $0.5 million of pre-tax charges related to merger integration and acquisition costs and other charges associated with cost reduction initiatives. Adjusted operating earnings is a non-GAAP operating financial measure. Please see the financial tables at the end of this press release for a reconciliation of operating earnings to adjusted operating earnings by segment.

Retail Segment

Net sales for the retail segment were $489.0 million in the third quarter compared to $507.2 million for the prior year quarter. Comparable store sales for the quarter, excluding fuel, improved to -1.8 percent from -3.0 percent in the second quarter. Despite the sequential improvements in comparable store sales as well as higher fuel gallons, the ongoing deflationary environment and continued challenging economic conditions, particularly in certain western geographies, contributed to the lower sales at retail. Specifically, the decrease in net sales was attributable to the negative comparable store sales, excluding fuel; $7.9 million in lower sales resulting from retail store closures; and $3.8 million due to lower retail fuel prices compared to the prior year.

Reported operating earnings in the retail segment were $8.0 million compared to $9.2 million in the prior year quarter. Adjusted operating earnings were $12.4 million compared to $13.2 million in the prior year quarter. Current year adjusted operating earnings exclude $4.4 million of pre-tax asset impairment and restructuring charges and merger integration expenses. The prior year third quarter excludes $4.0 million of pre-tax merger integration and acquisition costs, and net asset impairment charges. The decrease in adjusted operating earnings was primarily due to lower comparable store sales volumes and the impact of deflation, partially offset by favorable rebate programs, lower occupancy costs, and the impact of store closures.

During the third quarter, the Company opened one new fuel center and closed one store upon lease expiration, ending the quarter with 159 Company-owned retail stores, 79 pharmacies, and 30 fuel centers.

Military Segment

Net sales for the Company’s military segment increased to $506.6 million from $506.0 million in the prior year quarter. The increase was due to new business gains associated with the distribution of fresh products, partially offset by continued lower sales at the Defense Commissary Agency (DeCA) operated commissaries.

Reported operating earnings for the military segment were $2.9 million compared to $3.4 million in the prior year quarter. Third quarter adjusted operating earnings were $2.9 million compared to $4.5 million in the prior year period. In the prior year third quarter, adjusted operating earnings exclude $1.1 million of pre-tax restructuring and asset impairment charges primarily related to a facility closure. The decrease was primarily due to the lack of inflationary gains and a shift in the business mix.

Balance Sheet and Cash Flow

Cash flow provided by operating activities for the year-to-date period was $78.6 million, compared to $129.9 million in the comparable period last year, primarily due to customer advances to support sales growth and the timing of working capital requirements.

Long-term debt and capital lease obligations, including current maturities, were $494.4 million at October 8, 2016 compared to $486.8 million at January 2, 2016. Net long-term debt (including current maturities and capital lease obligations and subtracting cash) for the Company was $468.0 million as of October 8, 2016 compared to $464.1 million at January 2, 2016. The Company’s total net long-term debt-to-capital ratio is 0.4-to-1.0 and net long-term debt to Adjusted EBITDA is 2.0-to-1.0, which approximates the Company’s goal, as of October 8, 2016. Net long-term debt is a non-GAAP financial measure. Please see the financial tables at the end of this press release for a reconciliation of long-term debt and capital lease obligations to total net long-term debt and capital lease obligations.

Outlook

Mr. Eidson continued, “While we anticipate continued deflationary pressure for the remainder of the year, we are confident that we will continue to improve our top line performance as we deliver value to our food distribution and retail customers through our solutions-focused approach and commitment to exceeding our customers’ expectations. We expect our targeted capital investments and enhancements to our merchandising, pricing and promotional strategies will offset some of the deflationary and competitive pressures in the retail segment. In our food distribution and military network, we continue to allocate resources to drive new business development, which will better enable us to pursue opportunities within the alternative channel space.”

The Company is narrowing its previously issued fiscal 2016 guidance of adjusted earnings per diluted share from continuing operations to approximately $2.09 to $2.16, excluding merger integration costs and other adjusted charges and gains, compared to $1.98 in the prior year. The Company anticipates that reported earnings from continuing operations will now be in the range of approximately $1.58 to $1.65 per diluted share, compared to $1.67 in the prior year. The guidance reflects the continuation of negative comparable retail store sales and the variability associated with deflation and its related positive impact on LIFO.

The Company expects capital expenditures for fiscal year 2016 to now approximate $72.0 million, with depreciation and amortization of approximately $76.0 million to $77.0 million, and total interest expense of approximately $18.0 to $19.0 million.

Recent Developments

On November 3, 2016, the Company entered into a definitive agreement to acquire certain assets of Caito Foods Service (“Caito”) and Blue Ribbon Transport (“BRT”) for $217.5 million in cash, in addition to reimbursing Caito for certain transaction costs and providing two earn-out opportunities that have the potential to pay the sellers an additional $12.4 million collectively if the business achieves certain performance targets. The purchase price will be funded with proceeds from the Company’s asset-based lending facility.

Founded in Indianapolis in 1965, Caito Foods Service is a leading supplier of fresh fruit and vegetables to grocery retailers and food service distributors across 22 states in the Southeast, Midwest and Eastern United States. Caito and BRT, which generate combined annual revenues in excess of $600 million, currently service customers from facilities in Indiana, Ohio and Florida. Caito also has a central fresh cut fruit and vegetable facility in Indianapolis and is completing construction on its new 118,000 square foot Fresh Kitchen facility, also in Indianapolis. The $32 million Fresh Kitchen will process, cook, and package fresh protein-based foods and complete meals; it is expected to be fully operational in the first quarter of 2017. The company offers temperature-controlled distribution and logistics services throughout North America through its affiliate Blue Ribbon Transport.

The acquisition will strengthen the Company’s product offerings to its existing customer base by expanding into the fast-growing freshly-prepared centerplate and side dish categories. The Company expects to close the acquisition by early January 2017, subject to regulatory approval and customary closing conditions.

Conference Call

A telephone conference call to discuss the Company’s third quarter of fiscal 2016 financial results is scheduled for 9:00 a.m. Eastern Time, Thursday, November 10, 2016. A live webcast of this conference call will be available on the Company’s website, www.spartannash.com/webcasts. Simply click on “For Investors” and follow the links to the live webcast. The webcast will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores, and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 159 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and Sun Mart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These include statements preceded by, followed by or that otherwise include the words “outlook,” “pipeline,” “optimistic,” “committed,” “anticipates,” “continue,” “expects,” “look forward,” “guidance,” “opportunities,” “position,” “focus,” or “plan” or similar expressions or that an event or trend “will” occur, or is “beginning.” Forward-looking statements relating to expectations about future results or events are based upon information available to SpartanNash as of today’s date, and are not guarantees of the future performance of the company, and actual results may vary materially from the results and expectations discussed. Additional risks and uncertainties include, but are not limited to, the company’s ability to compete in the highly competitive grocery distribution, retail grocery, and military distribution industries. Additional information concerning these and other risks is contained in SpartanNash’s most recently filed Annual Report on Form 10-K, recent Current Reports on Form 8-K and other SEC filings. All subsequent written and oral forward-looking statements concerning SpartanNash, or other matters and attributable to SpartanNash or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. SpartanNash does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

Investor Contact:
Chris Meyers
Executive Vice President & CFO
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

Source: SpartanNash Company

SpartanNash TO announce its 3Q FY2016 financial results on Wednesday, November 9, 2016

Byron Center, MI, 2016-Oct-28 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) will announce its third quarter fiscal year 2016 financial results after the stock market close on Wednesday, November 9, 2016.

The Company will host a conference call to discuss these results with additional comments and details on Thursday, November 10, 2016 at 9:00 a.m. ET. The call will be broadcast live over the Internet hosted at SpartanNash’s website at www.spartannash.com/webcasts under the “Investor Relations” section and will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (SPTN) is a Fortune 400 company and the leading distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and Company-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 159 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

Investor Contact:
Chris Meyers
Executive Vice President & CFO
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

Source: SpartanNash Company

SpartanNash announces the appointment of Yvonne S. Trupiano as SVP, Chief Human Resources Officer

Byron Center, MI, 2016-Sep-18 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) is pleased to announce the appointment of Yvonne S. Trupiano to the position of Senior Vice President, Chief Human Resources Officer (CHRO), effective October 3, 2016. Ms. Trupiano will assume the responsibilities of Jerry Jones, who is retiring from the Company. Mr. Jones has led the Company’s Human Resources function since 2009.

Ms. Trupiano will report directly to Dennis Eidson, Chief Executive Officer and Chairman of the Board, and will be responsible for developing, communicating and implementing the Company’s human resources strategy. She will have responsibility for all aspects of the human resources function, including: talent development, labor relations, compensation and benefits, payroll, and HR operations, management and development.

Ms. Trupiano joins SpartanNash from Avis Budget Group, a global car rental and car sharing supplier, where she most recently held the position of Vice President, Human Resources. She has held a number of leadership positions during her tenure at Avis Budget Group and played key roles in that Company’s integration of new businesses, including the 2013 acquisitions of ZipCar and Payless Car Rental. As Vice President, Human Resources, Ms. Trupiano served as the HR business partner to the President of the Americas region ($7 billion revenue, 22,000 employees) and was the senior HR leader to a team of 85 human resources professionals who supported multiple banners in North and South America.

“Yvonne’s extensive service leading a large, diverse, HR team will be a tremendous asset to SpartanNash,” noted Eidson. “Yvonne’s success with creating and implementing diversity and inclusion strategies to increase female and veteran representation within operations, improving employee satisfaction scores, and positioning the company as a Great Place to Work by the Great Place to Work Institute align with our current initiatives.” Eidson also noted that Yvonne’s extensive merger and acquisition experience integrating teams, systems, and operations is advantageous to SpartanNash, which is poised for growth.

“We are excited to welcome Yvonne on board, but at the same time hate to say good-bye to Jerry,” said Eidson. “His leadership throughout our transformational merger in 2013 was critical to our integration. He also played a key role in our search and selection process. Jerry has led by example, serving on the board of directors of the Heart of West Michigan United Way and serving as a strong proponent of our companywide volunteer program and giving back to the communities we serve. We wish him all the best as he looks forward to returning to his southern roots.”

About SpartanNash

SpartanNash (SPTN) is a Fortune 400 company and the leading distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and Company-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
616-878-2830

Source: SpartanNash

SpartanNash welcomes Yvonne S. Trupiano as SVP, Chief Human Resources Officer

Byron Center, MI, 2016-Sep-16 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) is pleased to announce the appointment of Yvonne S. Trupiano to the position of Senior Vice President, Chief Human Resources Officer (CHRO), effective October 3, 2016. Ms. Trupiano will assume the responsibilities of Jerry Jones, who is retiring from the Company. Mr. Jones has led the Company’s Human Resources function since 2009.

Ms. Trupiano will report directly to Dennis Eidson, Chief Executive Officer and Chairman of the Board, and will be responsible for developing, communicating and implementing the Company’s human resources strategy. She will have responsibility for all aspects of the human resources function, including: talent development, labor relations, compensation and benefits, payroll, and HR operations, management and development.

Ms. Trupiano joins SpartanNash from Avis Budget Group, a global car rental and car sharing supplier, where she most recently held the position of Vice President, Human Resources. She has held a number of leadership positions during her tenure at Avis Budget Group and played key roles in that Company’s integration of new businesses, including the 2013 acquisitions of ZipCar and Payless Car Rental. As Vice President, Human Resources, Ms. Trupiano served as the HR business partner to the President of the Americas region ($7 billion revenue, 22,000 employees) and was the senior HR leader to a team of 85 human resources professionals who supported multiple banners in North and South America.

“Yvonne’s extensive service leading a large, diverse, HR team will be a tremendous asset to SpartanNash,” noted Eidson. “Yvonne’s success with creating and implementing diversity and inclusion strategies to increase female and veteran representation within operations, improving employee satisfaction scores, and positioning the company as a Great Place to Work by the Great Place to Work Institute align with our current initiatives.” Eidson also noted that Yvonne’s extensive merger and acquisition experience integrating teams, systems, and operations is advantageous to SpartanNash, which is poised for growth.

“We are excited to welcome Yvonne on board, but at the same time hate to say good-bye to Jerry,” said Eidson. “His leadership throughout our transformational merger in 2013 was critical to our integration. He also played a key role in our search and selection process. Jerry has led by example, serving on the board of directors of the Heart of West Michigan United Way and serving as a strong proponent of our company wide volunteer program and giving back to the communities we serve. We wish him all the best as he looks forward to returning to his southern roots.”

About SpartanNash

SpartanNash (SPTN) is a Fortune 400 company and the leading distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and Company-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
616-878-2830

Source SpartanNash

SpartanNash announces the appointment of Dave Staples as its President and COO

Byron Center, MI, 2016-Aug-31 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced that the Board of Directors has appointed Dave Staples as the Company President; Mr. Staples will continue as Chief Operating Officer.

Mr. Staples will continue to report directly to Dennis Eidson, who continues his responsibilities as Chairman and Chief Executive Officer. As President and Chief Operating Officer, Mr. Staples will lead the Company’s overall strategy implementation and execution, and direct all operating aspects of the retail, wholesale and military distribution business segments. This move will enable Mr. Eidson to continue to focus on long-term strategic growth opportunities.

“Dave has been an instrumental member of our team for the past 16 years and a key leader in our transformational merger in 2013,” notes Mr. Eidson, who was elected Chairman of the Board at the company’s annual shareholders meeting in June of 2016. “Dave has been serving as SpartanNash’s Chief Operating Officer since March 1, 2015, and his leadership in integrating and optimizing the wholesale and military supply chains has been tremendous.” Mr. Staples previously held the position of Executive Vice President and Chief Financial Officer since 2000. He served as the CFO until Chris Meyers joined the company in April of 2016.

The following associates will continue to report to Mr. Staples: Derek Jones, Executive Vice President, President, Wholesale and Distribution Operations; Ted Adornato, Executive Vice President, Retail Operations; Larry Pierce, Executive Vice President, Merchandising and Marketing; Ed Brunot, Executive Vice President, President MDV; and Dave Couch, Chief Information Officer.

In addition to Mr. Staples, the following associates will continue to report to Mr. Eidson: Kathy Mahoney, Executive Vice President, Chief Legal Officer and Secretary; Chris Meyers, Executive Vice President, Chief Financial Officer; and Jerry Jones, Senior Vice President, Human Resources.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the leading distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and Company-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

Investor Contact:
Chris Meyers
Vice President Corporate Affairs and Communications
(616) 878-8023

Media Contact:
Meredith Gremel
Executive Vice President & CFO
(616) 878-2830

Source: SpartanNash

SpartanNash announces the appointment of Tammy Hurley as Chief Accounting Officer

Byron Center, MI, 2016-Aug-27 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced today (Aug 26th, 2016) that Tammy Hurley, SpartanNash Vice President, Finance has been named Chief Accounting Officer. The Board of Directors approved this appointment at its quarterly meeting.

Ms. Hurley joined SpartanNash in 2001 as Controller, and was promoted in 2002 to Director of Finance. Since then she has held finance roles of increasing responsibility and broadened her responsibilities to include Business Segment Accounting and Corporate Financial Reporting, Analysis and Taxes. Ms. Hurley was named Vice President, Finance in 2015.

“Tammy’s career at SpartanNash has been one of continuous growth and added responsibilities. She has demonstrated outstanding performance in all assignments and grown substantially in her leadership capabilities,” commented Dennis Eidson, SpartanNash’s President and Chief Executive Officer. “With the depth and breadth of her experience, we are most fortunate to have Tammy overseeing our finance group. She is well respected by our executive team, co-workers, and customers; and she is an integral member of the finance team lead by Chris Meyers, Executive Vice President, Chief Financial Officer.”

Ms. Hurley is a Certified Public Accountant and her professional associations include the American Institute of Certified Public Accountants, Michigan Association of Certified Public Accountants and Hugh Michael Beahan Foundation, Past Treasurer of the Board of Trustees.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the leading distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and Company-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

Contact:
Investor:
Chris Meyers
616-878-8023
Executive Vice President & CFO

Media:
Meredith Gremel
616-878-2830
Vice President Corporate Affairs and Communications

Source: SpartanNash

SpartanNash to transition to selling 100 percent cage-free eggs by 2025

Company has offered cage-free eggs for more than ten years

Byron Center, MI, 2016-Apr-14 — /EPR Retail News/ —SpartanNash (Nasdaq: SPTN) announced today that it plans to transition to selling 100 percent cage-free eggs at its 160 grocery retail stores by 2025 or sooner based on available supply, affordability and customer demand. Cage-free eggs include eggs labeled with any of the following: cage free, free range, USDA or Quality Assurance International Certified Organic, or pasture raised. Currently, SpartanNash offers cage-free eggs in all of its 160 retail stores under the Full CircleTM, Green Meadows or Eggland’s Best brands. The company has been selling certified organic eggs which are cage-free for more than ten years.

“SpartanNash recognizesthat farming practices evolve based on new information, technologies, agricultural advancements and consumer preferences,” notes Larry Pierce, EVP, Merchandising and Marketing. “Consequently, we rely on industry, agricultural and veterinary experts to stay abreast of scientific developments. Such experts have told us that it will take years to modify facilities to ensure an adequate supply of safe, sustainable cage-free eggs. For this reason, our buyers are working closely with our suppliers to ensure we have access to a number of cage-free egg brands for our retail store customers.”

About SpartanNash

SpartanNash (SPTN) is a Fortune 400 company and the leading food distributor serving U.S. military commissaries in the world. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and corporate-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

SpartanNash
Meredith Gremel, Vice President, Corporate Affairs & Communications
616-878-2830

Source:SpartanNash

Chris Meyers appointed Chief Financial Officer SpartanNash

CFO of KeHE Food Distributors to Join Company in April

Byron Center, MI, 2016-Mar-10 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced today that Chris Meyers will become the new Chief Financial Officer (CFO) for the company, effective April 11, 2016. Meyers has been serving as the Chief Financial Officer for Naperville, Illinois-based KeHE Distributors, the second largest natural and organic wholesaler in North America.

As SpartanNash’s Chief Financial Officer and an Executive Vice President, Meyers will direct finance, the treasurer’s department, internal audit, and risk management. He will report to SpartanNash’s President and Chief Executive Officer, Dennis Eidson.

“We look forward to having Chris join the company,” notes Eidson. “Chris’ strong leadership skills, record of value creation, and knowledge of the food distribution industry lay the foundation for success at SpartanNash. During his tenure at KeHE, revenues grew significantly and he orchestrated two transforming multi-million dollar acquisitions. Chris’ down-to-earth style combined with his visionary approach to drive results and operational efficiencies are a perfect fit for SpartanNash.”

Dave Staples has been acting as SpartanNash’s interim CFO since March 1, 2015, when he was appointed Chief Operating Officer for the company. Staples joined SpartanNash in January 2000, serving as the Company’s Executive Vice President and Chief Financial Officer since November of 2000. His transition to Chief Operating Officer has enabled Eidson to focus more of his time on the Company’s long term strategic plans and potential growth opportunities.

Meyers grew up in West Michigan and received his bachelor’s degree in accounting from Western Michigan University and his master’s degree in Finance, Strategy from the Kellogg School of Management at Northwestern University in Evanston, Illinois. Meyers is a Certified Public Accountant. He and his wife Kristen have three children.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the largest food distributor serving U.S. military commissaries in the United States, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and corporate-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 163 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

SpartanNash
Meredith Gremel, Vice President, Corporate Affairs & Communications
616-878-2830

SpartanNash to announce its fourth quarter and fiscal year 2015 financial results on February 24, 2016

Byron Center, MI, 2016-Feb-11 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) will announce its fourth quarter and fiscal year 2015 financial results after the stock market close on Wednesday, February 24, 2016.

The Company will host a conference call to discuss these results with additional comments and details on Thursday, February 25, 2016 at 9:00 a.m. ET. The call will be broadcast live over the Internet hosted at SpartanNash’s website at www.spartannash.com/webcasts under the “Investor Relations” section and will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the largest grocery distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and corporate-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 163 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

SpartanNash Company
Investor Contact:
Dave Staples
Executive Vice President & COO
(616) 878-8793
or
Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

SpartanNash provides safe drinking water to its neighbors in Flint, Michigan

  • Water Drive Taking Place at all Michigan Corporate-owned Stores and Headquarters
  • Corporation and Teamsters Join Forces to donate 2 semi-truck loads

Beginning Saturday, Jan. 23, 2016, and ending Saturday, Feb. 13, 2016, customers at all 91 Michigan D&W, Family Fare, VG’s, ValuLand and Forest Hills Foods stores and Fuel Centers will have the opportunity to make a cash register donation of $2.99 toward a 24-pack case of Spartan® brand bottled water.SpartanNash associates also pitching in and donating at the company’s Michigan headquarters.

Byron Center, MI, 2016-Jan-26 — /EPR Retail News/ — SpartanNash will apply 100 percent of the proceeds toward the water donations and deliver the water to the Food Bank of Eastern Michigan (located at 2300 Lapeer Rd., Flint, MI). The Food Bank will distribute the water to Flint residents with the help of their community partners.

“We have been working since last fall to help our neighbors in Flint,” said Meredith Gremel, Vice President, Corporate Affairs and Communications, SpartanNash. “Michiganders take pride in their state and watch out for each other. We have had customers and associates asking us how they can help and send water with our donations. With the scan, we make it easy and even do the heavy lifting – we also deliver as needed to facilitate distribution for our community partners.”

SpartanNash and Teamsters join forces to deliver two semi-truck loads

Teamsters Local 406 based out of SpartanNash’s Grand Rapids, Michigan, distribution center donated one truckload (20 pallets) of Spartan® brand water to the Food Bank of Eastern Michigan earlier this week, and SpartanNash matched their donation – for a total of 3,360 cases or 80,640 bottles of water. The Teamsters delivered the two truckloads of water to the Food Bank on January 20.

In the fall of 2015, SpartanNash’s VG’s store in Caro, Michigan, donated 168 cases (2 pallets, or 4,000 bottles) of water to Flint Community Schools. All VG’s stores partnered with Flint Community Schools by holding a water drive in stores. All the water donations were given to Flint Community Schools. A total of 207 cases of water were donated by the community and were delivered on November 12, 2015.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the leading food distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 46 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 163 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and SunMart. SpartanNash’s Michigan-based corporate stores include D&W Fresh Market, Family Fare Supermarkets, Forest Hills Foods, VG’s, and ValuLand banners.

SOURCE: SpartanNash Company

SpartanNash
Meredith Gremel, 616-878-2830
Vice President, Corporate Affairs & Communications

SpartanNash signed a long term contract to be the primary wholesaler to Gordy’s Market

Wisconsin-based 21-store chain to begin transition February 1

Byron Center, MI, 2016-1-7 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN), the nation’s fifth largest food distributor and leading distributor to U.S. military commissaries and exchanges in the world, announced today that it has signed a long term contract to be the primary wholesaler to Gordy’s Market, the largest locally owned and operated grocer in the Western Wisconsin area. Gordy’s Market was founded by Gordon Ray and Donna Schafer in 1966 on the South Side of Chippewa Falls and has grown into a family owned 21-store/13 express fuel station chain. (Click here to find a complete list of all Gordy’s Market locations).Gordy’s will be serviced out of SpartanNash’s St. Cloud, Minnesota distribution center.

“As a wholesale/retail operator, SpartanNash’s leadership clearly understands what it takes to deliver quality products, competitive pricing, and exceptional customer service,” notes David Schafer, Chief Financial Officer for Gordy’s. “We have been impressed by SpartanNash’s leadership, commitment to growth, private brand offerings, and portfolio of value added services.” In addition to national brand products, SpartanNash will distribute its exclusive Our Family® brand, as well as the value added Top Care,® Value Time® and natural and/or organic and eco-friendly Full CircleTM brands.

Dennis Eidson, SpartanNash President and Chief Executive Officer, believes “Gordy’s is a perfect fit for our distribution operations. We have years of experience meeting our Wisconsin customers’ preferences, our St. Cloud DC is strategically located to minimize food miles, and we are positioned to help Gordy’s grow. We see this agreement as a win:win for both parties.”

SpartanNash will begin distributing private brand product to Gordy’s in mid-February and will be servicing Gordy’s as its primary distributor by May 2016.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the largest food distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 46 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 163 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and SunMart.

SpartanNash
Meredith Gremel, Vice President, Corporate Affairs & Communications
616-878-2830

SOURCE: SpartanNash Company

SpartanNash appoints EVP Kathleen Mahoney to Chief Legal Officer

Byron Center, MI, 2015-12-14 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN), the nation’s fifth largest food distributor and leading distributor to U.S. military commissaries and exchanges in the world, has named Executive Vice President Kathleen Mahoney Chief Legal Officer. Mahoney has served as Executive Vice President, General Counsel and Secretary for SpartanNash since the merger of Grand Rapids, Michigan-based Spartan Stores and the Minneapolis, Minnesota-based Nash Finch Company on November 13, 2013. Prior to the merger, Mahoney served as Nash Finch’s Executive Vice President, General Counsel and Secretary since 2009. Previously, she served as Senior Vice President, General Counsel and Secretary for Nash Finch. Mahoney joined Nash Finch in 2004 as Vice President, Deputy General Counsel.

“Merging two multimillion dollar companies into a nearly $8 billion dollar organization has been an incredible journey, and Kathy has played an integral role as a member of our executive steering committee,” notes Dennis Eidson, SpartanNash President and Chief Executive Officer. “Kathy’s legal expertise and extensive knowledge of the retail, wholesale, and military distribution industry is a tremendous asset in not only integrating two large companies onto common platforms with cohesive management styles and methods of operation but also blending the people and combining the cultures of companies with 125 year and nearly 100 year legacies.”

As EVP and Chief Legal Officer, Mahoney serves as an advisor to the Company’s Board of Directors and senior leadership team. She oversees SpartanNash’s in-house legal team, which partners with each internal business segment to help achieve their respective goals with minimal legal obstacles, and consults with outside counsel as needed. She also oversees the Corporate Affairs, Communications, Licensing, Government Affairs, and Aviation team members. Mahoney also serves on the SpartanNash Foundation Board of Trustees.

Prior to working at Nash Finch, Mahoney was the Managing Partner in the St. Paul Office of Larson King, LLP. She also spent 13 years with the law firm of Oppenheimer, Wolff & Donnelly, LLP. Kathy also worked as Special Assistant Attorney General in the Minnesota Attorney General’s Office for six years. Kathy earned her JD degree from Syracuse University College of Law, cum laude, and a BA from Keene State College. She is a member of the American Bar Association and the Minnesota State, Wisconsin State and Ramsey County Bar Associations.

About SpartanNash

SpartanNash (Nasdaq:SPTN) is a Fortune 400 company and the largest food distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 46 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 163 supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag ‘N Save, Family Fresh Markets, D&W Fresh Markets, Sunmart and Econofoods.

SpartanNash
Meredith Gremel, 616-878-2830
Vice President, Corporate Affairs and Communications

SOURCE: SpartanNash Company

 

###

SpartanNash appoints EVP Kathleen Mahoney to Chief Legal Officer

SpartanNash appoints EVP Kathleen Mahoney to Chief Legal Officer-7654321234567890

 

SpartanNash to announce its Q3 2015 financial results after the stock market close on Wednesday, Nove 11, 2015

Byron Center, MI, 2015-11-04 — /EPR Retail News/ —  SpartanNash Company (Nasdaq: SPTN) will announce its third quarter 2015 financial results after the stock market close on Wednesday, November 11, 2015.

The Company will host a conference call to discuss these results with additional comments and details on Thursday, November 12, 2015 at 9:00 a.m. ET. The call will be broadcast live over the Internet hosted at SpartanNash’s website at www.spartannash.com/webcasts under the “Investor Relations” section and will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the largest food distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 46 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 165 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and SunMart.

Investor Contact:
Dave Staples, (616) 878-8793
Executive Vice President & COO
or
Media Contact:
Meredith Gremel, (616) 878-2830
Vice President Corporate Affairs and Communications

SOURCE: SpartanNash