SpartanNash Reports Fiscal 2025 First Quarter Financial Performance

SpartanNash Financial Results for Q1 Fiscal 2025

SpartanNash, a prominent food solutions provider, has released its financial results for the first quarter of fiscal year 2025, covering the 16-week period that ended on April 19, 2025. In this latest report, SpartanNash demonstrated a sales growth of 3.7%, achieving net sales of $2.91 billion. This growth was primarily propelled by an increase in volumes from its Retail segment, despite some challenges in the Wholesale segment.

According to Tony Sarsam, President and CEO of SpartanNash, the company commenced 2025 on a strong note, achieving remarkable accomplishments, including record adjusted EBITDA for the quarter. Sarsam noted, "The team’s commitment to operational excellence played a vital role in enhancing Wholesale margins and bolstering positive comparable store sales. Furthermore, our recent Retail acquisitions contributed to the overall sales increase. Overall, our performance aligns with our strategic plans, instilling confidence in achieving our fiscal 2025 objectives."

Key Highlights of Q1 Fiscal 2025

1. Net Sales Performance: SpartanNash reported a net sales increase of 3.7%, reaching $2.91 billion. The growth was mainly driven by a 19.6% increase in retail segment sales to $947.2 million, significantly aided by new store acquisitions. On the contrary, the Wholesale segment saw a 2.6% decrease due to reduced case volumes in national accounts.
2. Financial Performance Metrics: Net earnings totaled $2.1 million, translating to $0.06 per diluted share, reflecting a decrease from the previous year's earnings of $13.0 million or $0.37 per diluted share. Adjusted EPS came in at $0.35, compared to $0.53 in the corresponding period of the prior year. This decline was attributed to planned increases in depreciation, organizational alignment expenses, and higher labor costs in retail stores.
3. Adjusted EBITDA: SpartanNash reported adjusted EBITDA of $76.9 million, reflecting a slight improvement from $74.9 million in the prior year.
4. Cash Flow and Capital Expenditures: The company generated $25.8 million in cash from operations, which is a decrease from $36.5 million in the previous year. Capital expenditures were reported at $34.6 million, down from $44.1 million last year. Notably, SpartanNash returned $8.0 million to shareholders through dividends during this quarter.
5. Fiscal 2025 Forecast: In light of their performance so far and market expectations, SpartanNash reaffirms its fiscal 2025 guidance, predicting total net sales between $9.8 billion and $10 billion. The expected adjusted EBITDA ranges from $263 million to $278 million and adjusted EPS is anticipated to be between $1.60 and $1.85.

Strategic Outlook

SpartanNash's commitment to bolstering its market position is evident as it continues to prioritize strategic initiatives and investments that align with its long-term growth objectives. This includes a focus on enhancing operational efficiencies and expanding its retail footprint through acquisitions and enhanced service offerings.

The company will hold a conference call on May 29, 2025, to discuss its earnings results in more detail, allowing stakeholders to gain further insights into the company’s performance and future outlook. A supplemental earnings presentation will also be available on the company’s investor relations website.

In conclusion, SpartanNash’s financial results for Q1 of fiscal 2025 reflect a positive trajectory, with a strategy firmly oriented towards growth and operational excellence. The data underscores the company’s resilience in navigating the dynamic market landscape while reaffirming its commitment to deliver value to shareholders and customers alike.

For further details regarding SpartanNash and its offerings, visit spartanash.com.