Trade SpartanNash Co - SPTN CFD

SpartanNash Co Company profile

About SpartanNash Co

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company's core business includes distributing grocery products to a diverse group of independent and chain retailers, its corporate owned retail stores, military commissaries, and exchanges in the United States, and operating a premier fresh produce distribution network. The Company operates through three segments: Food Distribution, Retail and Military. Its Food Distribution segment provides a wide variety of branded and private brand grocery products and perishable food products to independent grocers, national retailers, food service distributors, and other customers. Its Retail segment operates 148 corporate owned retail stores. Its Military segment contracts with manufacturers to distribute a wide variety of grocery products primarily to military commissaries and exchanges located in the United States, the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, and Bahrain.

Financial summary

BRIEF: For the fiscal year ended 01 January 2022, SpartanNash Co revenues decreased 4% to $8.93B. Net income applicable to common stockholders decreased 2% to $72.4M. Revenues reflect Military segment decrease of 11% to $1.89B, Food Distributions segment decrease of 3% to $4.46B, Value of Retail Sales- Center store decrease of 9% to $1B. Net income also reflects Military segment loss increase of 44% to $14.3M.

Equity composition

Common Stock no Par, 07/11, 50M auth., 22,870,241 issd. & outstd.Insiders control 3.25%. IPO: N/A. 5/97, 10-for-1 stock split. *8/00, Company formed through a merger with Seaway Food Town, Inc. on a share-for-share basis. FY'01-'02 are restated for the disc. ops. of retail segment.