SpartanNash Reports Modest Q2 Sales Growth
SpartanNash reported a modest increase in net sales during its second quarter, as gains in its retail division offset decreases in the company’s wholesale segment.
For the 12 weeks ended July 12, net sales were up 1.8% to $2.27 billion. Retail segment net sales increased 12.8% to $762.9 million due to incremental sales from recently acquired stores. Retail comparable-store sales decreased 0.5% due to lower unit volumes.
Wholesale segment net sales decreased 3% to $1.51 billion, primarily due to reduced case volumes in the company’s national accounts customer channel and the elimination of intercompany sales to the newly acquired Fresh Encounter Inc. stores. These declines were partially offset by higher sales in the military customer channel.
Quarterly net earnings were $6.2 million, or $0.18 per diluted share, compared to net earnings of $11.5 million, or $0.34 per diluted share, in the comparable quarter the previous year.
"I'm proud of our team's continued focus and efforts to execute on the strategic plan, which delivered strong profitability driven by cost savings and expanded margins," said Tony Sarsam, president and CEO of SpartanNash. "Our performance remains ahead of our expectations as we work to maximize shareholder value. Closing the C&S transaction remains a top priority, and we are energized by the opportunity to deliver even greater value to hometown grocery stores and shoppers across the country."
On June 22, 2025, SpartanNash entered into an agreement and plan of merger with C&S Wholesale Grocers, LLC, pursuant to which C&S will acquire SpartanNash for a purchase price of $1.77 billion. The transaction was unanimously approved by the boards of directors of both companies and is expected to close in late 2025.