GRAND RAPIDS, MI - Food solutions company SpartanNash® reported financial results for its 16-week first quarter ended April 19, 2025.

"We continue to execute on our strategic initiatives and deliver on our commitments. SpartanNash hit the ground running in 2025, posting another quarter of growth and achieving record adjusted EBITDA in the first quarter," said SpartanNash President and CEO Tony Sarsam in the recent release. "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."

First Quarter Fiscal 2025 Highlights

• Net sales increased 3.7% to $2.91 billion, driven by an increase in volume in the Retail segment, partially offset by lower volume in the Wholesale segment.
• Wholesale segment net sales decreased 2.6% to $1.96 billion primarily due to reduced case volumes in the national accounts customer channel and the elimination of intercompany sales to the newly acquired Fresh Encounter Inc. stores, partially offset by higher sales in the military customer channel.

• Retail segment net sales increased 19.6% to $947.2 million due primarily to incremental sales from acquired stores. Retail comparable store sales also increased 1.6%.
• Net earnings of $2.1 million or $0.06 per diluted share, compared to $13.0 million or $0.37 per diluted share. Adjusted EPS(2)(3) of $0.35, compared to $0.53.
• Net earnings were lower due to planned increases in depreciation and amortization expense, organizational realignment expense, and Retail store wages. These impacts were partially offset by increased Wholesale segment gross margin rate, lower restructuring and asset impairment charges, and decreased corporate administrative costs. Adjusted EPS(2)(3) excludes the impact of organizational realignment, restructuring and asset impairment charges.
• Adjusted EBITDA(3)(4) of $76.9 million, compared to $74.9 million.
• The improvement was driven by the factors above, excluding the unfavorable increase in non-cash expenses, primarily depreciation and amortization that impacted adjusted EPS(2)(3).
• Cash generated from operating activities of $25.8 million compared to $36.5 million.
• Capital expenditures and IT capital(5) of $34.6 million compared to $44.1 million.
• Returned $8.0 million to shareholders through dividends.

See the full report here.