SpartanNash Sales Grow In Q1
SpartanNash reported growth in first quarter sales as gains in the company’s retail segment offset lower volume in its wholesale segment.
For the 16 weeks ending April 19, net sales increased 3.7% to $2.91 billion. Retail segment sales were up 19.6% to $947.2 million due primarily to incremental sales from acquired stores. Comparable store sales increased 1.6%.
The company’s wholesale segment net sales decreased 2.6% to $1.96 billion, primarily due to reduced case volumes with national accounts and the elimination of intercompany sales to the newly acquired Fresh Encounter Inc. stores, partially offset by higher sales in the military customer channel.
Net earnings were $2.1 million, or $0.06 per diluted share, compared to net earnings of $13 million, or $0.37 per diluted share. Adjusted earnings per share were $0.35, down from adjusted EPS of $0.53 in the comparable quarter of the previous year.
"We continue to execute on our strategic initiatives and deliver on our commitments,” said Tony Sarsam, president and CEO of SpartanNash. “SpartanNash hit the ground running in 2025, posting another quarter of growth and achieving record adjusted EBITDA in the first quarter. The team's focus on operational excellence contributed to the quarter's strong wholesale margins, positive comparable store sales, and increased sales from our recent retail acquisitions. Our results and the success of our strategic plan give us further confidence that we will achieve our 2025 guidance."
The company reaffirmed its full-year forecast that calls for total net sales of between $9.8 billion and $10 billion, with adjusted earnings per share of between $1.60 and $1.85.
