La catena delle opzioni mostra i dati chiave delle opzioni azionarie di SpartanNash a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per SpartanNash..

SpartanNash (NASDAQ:SPTN) Azioni, Catena delle Opzioni

SpartanNash

SpartanNash Co is a food solutions company that delivers the ingredients. Its principal business activities include, distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and U.S. military commissaries and exchanges; as well as operating a fresh produce distribution network and the Our Family private label brand. The company operates in two segments: Retail and Wholesale. Majority of the revenue is earned from its Wholesale segment which uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores.

SpartanNash Co

Food solutions company announces its second acquisition this month, now adding three fuel centers and convenience stores to retail footprint
GRAND RAPIDS,&nbsp;Mich., Oct. 29, 2024 /PRNewswire/ -- Food solutions company&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4289987-1&amp;h=313673145&amp;u=https%3A%2F%2Fwww.spartannash.com%2F&amp;a=SpartanNash">SpartanNash</a>&nbsp;(the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) today announced that it has entered into an Asset Purchase Agreement with Markham Enterprises, Markham Oil and its affiliates, a three-store chain of convenience stores and fuel distributor in mid-Michigan. Following the closing of this transaction in early December, SpartanNash will continue employment of Markham Enterprises' 42 team members. This deal follows the Company's <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4289987-1&amp;h=985019196&amp;u=https%3A%2F%2Fwww.spartannash.com%2Finvestors%2Fnews%2Frelease%2F%3Fid%3D139191&amp;a=acquisition+of+Fresh+Encounter+Inc.">acquisition of Fresh Encounter Inc.</a>, announced earlier this month.

SPTN

SpartanNash Enters Into An Asset Purchase Agreement With Markham Enterprises; Terms Of The Deal Were Not Disclosed

The 49-store chain with locations in Ohio, Indiana and Kentucky has been a SpartanNash independent grocer customer for 58&nbsp;years
GRAND RAPIDS, Mich., Oct. 14, 2024 /PRNewswire/ --&nbsp;Food solutions company <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4276965-1&amp;h=2717079565&amp;u=https%3A%2F%2Fwww.spartannash.com%2F&amp;a=SpartanNash">SpartanNash</a>&nbsp;(the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) today announced its acquisition of Fresh Encounter Inc. (&quot;FEI&quot;), a 49-store supermarket chain serving Ohio, Indiana and Kentucky. Owned by third-generation grocers Michael Needler Jr. and Julie Anderson, FEI has been a food distribution customer of SpartanNash for 58&nbsp;years. SpartanNash will continue employment for FEI&#39;s 2,500 team members.

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SpartanNash Acquiring Fresh Encounter, A 49-Store Supermarket Chain Serving Ohio, Indiana And Kentucky; Terms Of The Deal Were Not Disclosed

<h2>Industry: Natural Food</h2>
Companies in the Zacks Natural Foods Products industry have been reaping the benefits of growing consumer health awareness and the rising demand for nutritious, wholesome products. To capitalize on this trend, many companies are expanding their product lines with innovative offerings and strategic acquisitions. Some industry players are increasing investments in digital capabilities to enhance customer engagement and streamline operations.
Despite the challenges posed by rising operating expenses, natural food companies are taking proactive steps to address cost inflation, particularly through strategic pricing initiatives. These positive factors bode well for companies like Performance Food Group Co.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>), Sprouts Farmers Market, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>) and SpartanNash Co.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>).
<h2>About the Industry</h2>
The Zacks Natural Foods Products industry comprises companies that manufacture and sell a wide range of organic and natural fruits, vegetables, dairy products, flour, bakery items, meat and seafood, as well as spices and condiments. These also offer packaged ready-to-eat meals, snacks, cereals and frozen food.
Some companies offer comfort food items like ice cream and soups. A few players provide personal care products as well as health supplements. The firms operating in this space sell their products mostly through wholesalers, distributors, large retail organizations, grocery chains, mass merchandisers, drug stores and e-commerce service providers. Some also cater to food service channels, including restaurants, cafes and hotels. Others offer services to schools, hospitals and industry caterers. Some players operate through independent retail stores.
<h2>Major Trends Shaping the Future of the Natural Food Industry</h2>
Shift Toward Healthier Eating Habits: Consumers are increasingly opting for nutritious and natural food choices, driving demand for fresh and organic products. This trend has become a major boost for companies in the natural food industry as more individuals prioritize healthy eating, even when dining out.
The appetite for fresh, natural and organic foods is expected to remain strong, with foodservice channels experiencing a resurgence. Restaurants and cafes are also responding by incorporating more wholesome ingredients into their menus to meet the preferences of health-conscious customers. Industry experts predict that the focus on healthier food options will persist, supporting the continued popularity of fresh and organic offerings.
Expanding Product Lines and Market Reach: Companies are diversifying their offerings and expanding market reach through strategic partnerships, acquisitions and retail growth. A key focus has been on research and development to create convenient, flavorful home-cooking options with minimal preservatives. Products based on plant-based, gluten-free and keto-friendly ingredients are gaining momentum.
To meet the rising demand for fresh and organic foods, companies are scaling up their production capabilities. The shift toward online shopping has benefited natural food companies, leading to investments in digital transformations, including e-commerce platforms, delivery systems and digital marketing initiatives.
Rising Operating Costs: Companies are facing rising operational expenses, particularly in personnel costs, including wages, salaries, commissions and benefits, which are putting pressure on budgets. Some companies are also seeing increased costs due to new store openings and higher marketing expenditures. While businesses remain focused on growth-oriented investments, these efforts are often weighing on profit margins.
<h2>Zacks Industry Rank Indicates Robust Prospects</h2>
The Zacks Natural Foods Products industry is housed within the broader Zacks Retail - Wholesale sector. The industry currently carries a Zacks Industry Rank #93, which places it in the top 37% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry&#39;s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group&#39;s earnings growth potential. Since the beginning of July 2024, the industry&#39;s earnings estimate for 2024 has risen 2.1%.
Here, we present a few stocks that you may want to consider for your portfolio. However, before that, it&#39;s worth taking a look at the industry&#39;s performance and current valuation.
<h2>Industry vs. Broader Market</h2>
The Zacks Natural Foods Products industry has outperformed the broader Zacks Retail - Wholesale sector as well as the Zacks S&amp;P 500 over the past year.
The industry has risen 59.9% over this period compared with the broader sector&#39;s growth of 25.5% and the S&amp;P 500&#39;s increase of 27.2%.
<h2>Industry&#39;s Current Valuation</h2>
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing Retail-Wholesale stocks, the industry is currently trading at 17.88X compared with the S&amp;P 500&#39;s 21.48X and the sector&#39;s 23.28X.
Over the past five years, the industry has traded as high as 20.31X and as low as 10.88X, with the median being 14.94X.
<h2>3 Natural Food Stocks to Keep a Close Eye On</h2>
Sprouts Farmers: This well-known grocery retailer has been capitalizing on its emphasis on product innovation, a strong focus on e-commerce, the expansion of private-label offerings, targeted marketing efforts and competitive pricing. SFM has also enhanced its same-day delivery options and store pickup services to provide customers with more convenience across its locations. Sprouts Farmers continues to solidify its position in the natural and organic market, tapping into the growing demand within this sector.
This Zacks Rank #1 (Strong Buy) company has soared a whopping 156.8% in the past year. The consensus mark for Sprouts Farmers&#39; earnings per share for the current fiscal year has increased by 8% to $3.37 over the past 60 days. The Zacks Consensus Estimate for SFM&#39;s sales and EPS for 2024 suggests growth of 9.6% and 18.7%, respectively, from the figure reported in the year-ago period.
SpartanNash: This Zacks Rank #3 (Hold) company&#39;s strategic initiatives and core strengths highlight its potential for long-term growth. SpartanNash has demonstrated resilience in navigating operational challenges while maintaining a strong focus on boosting profitability through targeted investments and cost optimization. With a clear emphasis on innovation, customer satisfaction and market expansion, the company is well-positioned to sustain positive momentum.
SpartanNash&#39;s efforts to broaden its product range and expand its market presence are noteworthy. The company has been diversifying its offerings through strategic partnerships, acquisitions and retail growth, with a significant focus on research and development. The consensus mark for SPTN&#39;s EPS has increased from $1.94 to $1.96 over the past 60 days. Shares of this food solutions company have jumped 27.2% in the past year.
Performance Food Group: This Zacks Rank #3 company has been benefiting from its strong position in the expanding food-away-from-home market. The resilience of its Foodservice segment highlights the company&#39;s effective sales organization and strategic market positioning. Notable initiatives, such as launching a nationwide pizza concept in partnership with GPM and expanding PFG-branded foodservice concepts to convenience customers, reflect PFGC&#39;s innovative approach to creating value.
These strategic moves, alongside disciplined cost management and targeted investments, are anticipated to fuel long-term growth. The Zacks Consensus Estimate for Performance Food Group&#39;s fiscal 2024 sales and earnings indicates growth of 3.8% and 13.3% from the prior-year reported figure. The consensus mark for the EPS has declined from $4.92 to $4.87 over the past 60 days. Shares of PFGC have risen 23.9% in the past year.
<a href="https://www.zacks.com/stock/news/2339700/zacks-industry-outlook-highlights-performance-food-sprouts-farmers-market-and-spartannash?cid=CS-BENZ-FT-press_releases-2339700">To read this article on Zacks.com click here.</a>

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Zacks Industry Outlook Highlights Performance Food, Sprouts Farmers Market and SpartanNash

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he prefers Royal Caribbean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) over Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) .
&#8220;Royal Caribbean has the best systems right now, it's got the best numbers. It's the one you want, not Carnival,&#8221; he added.
On Aug. 27, Carnival unveiled new itineraries for seven ships sailing in 2026 and 2027 from Miami, Port Canaveral, Galveston, and Baltimore.
EPR Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPR#NYSE">EPR</a>) has been<a href="https://www.benzinga.com/quote/EPR/earnings"> &#8220;too rocky&#8221; for Cramer.</a> On July 31, EPR Properties posted better-than-expected sales for its second quarter.
Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is &#8220;too inconsistent,&#8221; Cramer said. &#8220;They don't get my buy with that level of inconsistency.&#8221;
On Aug. 19, Whirlpool declared a quarterly dividend of $1.75 per share on its common stock.
When asked about DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), he said, &#8220;I did not really care for that last quarter or the explanation of why things had slowed.&#8221;
On Aug. 26, Piper Sandler analyst Matt O&#8217;Brien reiterated DexCom with an Overweight rating and maintained a $90 price target.
The &#8220;Mad Money&#8221; host said he really liked SpartanNash Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>). &#8220;I like that dividend,&#8221; he added.
On Aug. 15, SpartanNash reported second-quarter adjusted earnings per share of 59 cents, beating the street view of 56 cents. Quarterly revenues of $2.23 billion missed the analyst consensus of $2.27 billion.
Price Action:
<ul>
<li>EPR Properties shares fell 0.5% to settle at $47.72 on Thursday.</li>
<li>Carnival shares closed at $16.15 during Thursday's session.</li>
<li>Whirlpool shares fell 1.3% to close at $97.53 during Thursday's session.</li>
<li>Dexcom shares fell 1.1% to settle at $69.05 on Thursday.</li>
<li>SpartanNash shares fell 1.9% to settle at $22.12 during the session.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy"> </a>
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy">Jim Cramer: Oklo Is Losing Money &#8216;Hand-Over-Fist,&#8217; But This Private Equity Stock Is A Buy</a></li>
</ul>
Image: Shutterstock

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Jim Cramer Doesn't Like Carnival Right Now: Royal Caribbean Is 'The One You Want'

SpartanNash Launched Its Annual In-store And Online Fundraiser Through The SpartanNash Foundation, Benefiting Youth Education Nonprofit Junior Achievement

Performance Food Group Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>) is one of the largest food service distributors in the United States. The company sources, markets, and delivers food and food-related products through a network of over 150 distribution facilities to over 125,000 businesses in the food service industry. The company is acquiring food service distributor Cheney Brothers for $2.1 billion, which will expand its footprint with restaurant and hospitality customers in the Southeastern region of the United States. The drop in inflation back under 3% and the impending interest rate cuts are positive tailwinds that the market anticipates for the company.
<h2>Disinflation Should Not Be Mistaken for Deflation </h2>
Performance Food Group is a benefactor of disinflation, which is not to be confused with deflation. Disinflation occurs when the rate of inflation slows down, which means prices are still rising but at a slower pace. For example, when inflation drops from 9% to 2.9%, as indicated by the recent July consumer price index (CPI) report. Disinflation eases procurement costs and improves gross margins. It also improves demand and business spending power. Interest rate cuts are meant to be disinflationary.
Deflation occurs when general prices actually fall. This can result in a negative inflation rate, which can be harmful to the economy. Deflation occurs during severe economic downturns.
Performance Food Group operates in the retail/wholesale sector, competing with food distributors such as Sysco Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>), United Natural Foods Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>), and SpartanNash Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>).
<h2>Performance Food&#39;s Exclusive Portfolio of Brands </h2>
The company has exclusive brands under its Performance Foodservice segment, with categories like Center of Plate (COP) and Seafood. These brands offer&nbsp;beef, poultry, and seafood to high-end luxury steakhouses, fast-food burger joints, and on-the-go food trucks. Its exclusive seafood brands include top-tier Bay Winds, Empire&#39;s Treasure, The Fresh Catch,&nbsp;and World Dock.
Its Bakery &amp; Desserts category carries exclusive products from Heritage Ovens, Sweet Encore, Piancone and Roma gelato, tiramisu, cannoli, and coffee and expresso from Italy. Performance sells thousands of products covering condiments to freshly caught fish from over 100 exclusive brands, including custom-cut meats. Its customers range from restaurants to convenience stores, hotels, schools, universities, retail, senior living, and healthcare facilities.
<img alt="Performance Food Group Company PFGC stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240818190053_chartb-pfgc.jpg" style="height:748px; width:915px" />
<h2>PFGC Stock Is Back in an Ascending Parallel Price Channel</h2>
The daily candlestick chart for PFGC shows an ascending price channel pattern. The ascending upper trendline connects the higher highs, and the lower trendline connects the higher lows. While PFGC fell out of the channel before its earnings report, the price gap from $67.34 to $70.73 placed shares firmly back into the channel. The daily relative strength index (RSI) rose to the 70-band. Pullback support levels are at $70.73, $67.34 gap fill, $65.19, and $63.35.
<h2>The Turnaround Is Accelerating </h2>
Performance Food Group reported fiscal Q4 2024 EPS of $1.45, beating consensus estimates of $1.37 by 8 cents. Adjusted EBITDA rose 18.4% to $456.2 million. Revenues rose 2.3% YoY to $15.2 billion versus $15.25 billion. Total case volume grew 1.1% YoY. Organic independent food service case volume rose by 3.7%. Net income rose 10.9% YoY to $166.5 million. Overall, product cost inflation for its food service business rose 2.9% in the quarter. Its Foodservice segment sales rose 4.6% to $7.7 billion. The Vistar segment had a 1.8% drop in net sales to $1.2 billion. The Convenience segment&#39;s net sales dropped by&nbsp; 0.5% YoY to $6.3 billion.
<h2>Performance Food Group Issues Mixed Guidance </h2>
For fiscal Q1 2025, Performance Food Group issued downside revenue guidance of $15.2 billion to $15.5 billion versus the $15.54 billion consensus. Adjusted EBITDA is expected to be around $400 million to $425 million. Business results for Jose Santiago are expected to be added to the quarter.
For the fiscal full year 2025, the company expects revenues of $60 billion to $61 billion versus $60.83 billion consensus estimates. Adjusted EBITDA for the fiscal full year 2025 is expected to be between $1.6 billion and $1.7 billion.
Performance Food Group CEO George Holm commented on the 2 recent acquisitions, &quot;While small relative to PFG&#39;s total business, we believe Jos&eacute; Santiago will be accretive to earnings, cash flow, and margins immediately. Taken together, we believe these two deals position PFG very well for the future growth of the Southeastern United States and the Caribbean territories.&quot;
The article &quot;<a href="https://www.nasdaq.com/articles/performance-food-group-sees-disinflation-tailwinds-2025">Performance Food Group Sees Disinflation Tailwinds in 2025</a>&quot; first appeared on MarketBeat.

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UNFI

Performance Food Group Sees Disinflation Tailwinds in 2025

SpartanNash Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported second-quarter adjusted earnings per share of 59 cents,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40390348/spartannash-announces-second-quarter-fiscal-2024-results" rel="noreferrer noopener"> beating the street view of 56 cents.</a> Quarterly revenues of $2.23 billion missed the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus of $2.27 billion.</a>
Net sales dropped 3.5%, primarily due to lower volumes in both the Wholesale and Retail segments.
The Wholesale segment saw a 4.8% decline to $1.55 billion, largely due to reduced volumes in national accounts. The Retail segment&#8217;s sales fell 0.4% to $676.1 million, with comparable store sales down 2.5%.
Weaker consumer demand trends offset gains from newly acquired Metcalfe&#8217;s Market stores.
Check This Out:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40391777/walmart-q2-earnings-e-commerce-and-advertising-businesses-fuel-revenue-and-profit-beat-hikes-annual" rel="noreferrer noopener">Walmart Q2 Earnings: E-commerce and Advertising Businesses Fuel Revenue And Profit Beat, Hikes Annual Guidance</a>
Adjusted EBITDA was $64.5 million, down from $66.1 million, excluding restructuring and asset impairment charges, the LIFO provision, and acquisition and integration expenses.
&#8220;We are piloting a Customer Value Proposition initiative that is informed by extensive shopper data and insights, aimed at enhancing freshness, value and convenience. As part of this store modernization program, we are lowering prices on 6,000 products to bring more value to our shoppers today,&#8221; said SpartanNash President and CEO&nbsp;Tony Sarsam.&nbsp;
Outlook: SpartanNash has reaffirmed its FY24 guidance, projecting total net sales of $9.50 billion to $9.70 billion, compared to the $9.60 billion estimate, and adjusted EPS of $1.85 to $2.10,<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> versus the $2.02 estimate.</a>
Price Action: SPTN shares are trading higher by 7.3% to $20.98 at last check Thursday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Spartan_delivery_truck_Romulus_Michigan.JPG">Wikimedia Commons</a>
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</ul>

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SpartanNash Q2 Revenues Dip 3.5% On Reduced Volumes In National Accounts

SpartanNash Reaffirms FY24 Guidance; Total Net Sales Of $9.50B - $9.70B (Est $9.60B), Adjusted EPS Of $1.85 - $2.10 (Est $2.02)

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.56 by 5.36 percent. This is a 9.23 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $2.23 billion which missed the analyst consensus estimate of $2.27 billion by 1.70 percent. This is a 3.55 percent decrease over sales of $2.31 billion the same period last year.

Earnings Beats

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SpartanNash Q2 2024 Adj EPS $0.59 Beats $0.56 Estimate, Sales $2.23B Miss $2.27B Estimate

BMO Capital analyst Kelly Bania maintains SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) with a Market Perform and lowers the price target from $22 to $20.

Price Target

BMO Capital Maintains Market Perform on SpartanNash, Lowers Price Target to $20

SpartanNash Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) shares are trading lower after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n39081975/spartannash-announces-first-quarter-fiscal-2024-results" rel="noreferrer noopener">first-quarter FY24 results</a>.
Revenue declined 3.5% Y/Y to $2.81 billion, missing the consensus of $2.854 billion, reflecting lower volumes in the Wholesale and Retail segments. Retail comparable store sales were down 2.5% in the quarter.
Adjusted EBITDA declined to&nbsp;$74.9 million from&nbsp;$76.8 million a year ago. Adjusted EPS of $0.53&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus of $0.51.</a>
SpartanNash generated an operating cash flow of $36.5 million in the quarter. During the quarter, the company returned $10.7 million to shareholders through $2.6 million in share repurchases and $8.1 million in dividends.
The company says it is on track to deliver&nbsp;annual run rate savings of $50 million&nbsp;to&nbsp;$60 million from supply chain transformation, merchandising transformation, and go-to-market strategy.
SpartanNash exited the quarter with $18.97 million in cash and equivalents.
FY24 Outlook: SpartanNash lowered net sales&nbsp;outlook&nbsp;to&nbsp;$9.50 billion-$9.70 billion&nbsp;(from&nbsp;$9.70 billion-$9.90 billion) vs.&nbsp;$9.73 billion&nbsp;estimate. Meanwhile, it reaffirmed the adjusted EPS&nbsp;outlook&nbsp;at&nbsp;$1.85 to $2.10&nbsp;vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the street view of $2.00.</a>
SpartanNash CEO&nbsp;Tony Sarsam said, &#8220;SpartanNash continues to prove that we can deliver despite the challenging market dynamics, and we remain on target to reach the&nbsp;$125&nbsp;to&nbsp;$150 million&nbsp;of gross benefits set out in our strategic plan by the end of 2024 – a year earlier than initially communicated.&#8221;
Price Action: SPTN shares are trading lower by 3.40% at $19.30 at the last check Thursday.
Photo via Wikimedia Commons

Sweet & Sour Quarter: SpartanNash Beats Q1 Profits But Lowers FY24 Sales Forecast

SpartanNash Lowered FY24 Net Sales Outlook To $9.50B-$9.70B (From $9.70B-$9.90B) Vs. $9.73B Estimate; Reiterated Adjusted EPS Outlook At $1.85-$2.10 Vs. $2.00 Est.

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.51 by 3.92 percent. The company reported quarterly sales of $2.806 billion which missed the analyst consensus estimate of $2.854 billion by 1.69 percent. This is a 3.47 percent decrease over sales of $2.907 billion the same period last year.

SpartanNash Q1 2024 Adj EPS $0.53 Beats $0.51 Estimate, Sales $2.806B Miss $2.854B Estimate

Food solutions company <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4140554-1&amp;h=1294891515&amp;u=https%3A%2F%2Fwww.spartannash.com%2F&amp;a=SpartanNash">SpartanNash</a>&nbsp;(the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) today announced its acquisition of Metcalfe's Market, a three-store grocery chain in Wisconsin. Upon close of the sale, the Madison and Wauwatosa, Wis. locations will be continuing employment for all employees. The Metcalfe's Market storefront, branding and core shopper experience will remain in place.
Founded in 1917 by Henry and Teresa Hess, Metcalfe's Market is a community staple, specializing in premium quality foods, sustainability practices, and an extensive focus on local products featuring Metcalfe's Food Miles program. Former owners Tim and Kevin Metcalfe – the great-grandsons of Metcalfe's Market founders – will join the SpartanNash family of Associates.
"Metcalfe's Market has been a successful family-owned and operated business for four generations, and we are honored that the Metcalfe family is entrusting SpartanNash to build upon their legacy and bring new offerings to its team members and grocery shoppers," said SpartanNash CEO <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4140554-1&amp;h=788537817&amp;u=https%3A%2F%2Fwww.spartannash.com%2Finvestors%2Fleadership%2F%23tonysarsam&amp;a=Tony+Sarsam">Tony Sarsam</a>. "As a People First company, we welcome Tim, Kevin and the entire Metcalfe's Market team into the SpartanNash family, and we look forward to earning the loyalty of our newest store guests. As a food solutions company, we provide the ingredients for family meals and traditions – just like Metcalfe's Market has for more than 100 years."
Metcalfe's Market will expand SpartanNash's footprint in Wisconsin to seven stores. Shoppers can look forward to the same great products they enjoyed at Metcalfe's Market in addition to a wide assortment of SpartanNash private label offerings, including the Our Family&#xAE; portfolio of products. The Company will also offer its enhanced loyalty and rewards program featuring digital coupons and weekly grocery savings.
"We are incredibly grateful for the support of our communities for more than a century, and we are confident that with SpartanNash, guests at Metcalfe's Market will continue to enjoy the same high level of service, quality and variety of products they have come to expect here at Metcalfe's," said Tim Metcalfe, co-owner of Metcalfe's Market. "We are thrilled to join the SpartanNash family, and we can't wait to contribute to their People First&nbsp;culture. SpartanNash has the same commitment to quality and community that Metcalfe's has been known for over the past four generations."
As part of the acquisition, full-time Metcalfe's Market team members will continue to receive a benefits package featuring a variety of medical, vision and dental plans, as well as additional investments in paid time off, wellness perks, tuition reimbursement and more. Those interested in <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4140554-1&amp;h=1242093562&amp;u=https%3A%2F%2Fcareers.spartannash.com%2F&amp;a=Careers+for+a+Better+Life">Careers for a Better Life</a> can continue to apply for positions at all three Metcalfe's Market locations at shopmetcalfes.com and will have expanded opportunities across the SpartanNash network as well.
The transaction is expected to be completed in spring 2024, subject to customary closing conditions. Terms of the deal were not disclosed.

SpartanNash Acquires Metcalfe's Market; The Transaction Is Expected To Be Completed In Spring 2024, Terms Of The Deal Were Not Disclosed

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3>Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>)</h3>
<ul>
<li>Dividend Yield: 3.90%</li>
<li>Jefferies analyst Rob Dickerson maintained a Hold rating and cut the price target from $55 to $54 on March 11, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Piper Sandler analyst Michael Lavery maintained a Neutral rating and raised the price target from $59 to $60 on Feb. 12, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: Kellanova said it will issue its 2024 first quarter financial results on Thursday, May 2, 2024.</li>
</ul>
<h3>SpartanNash Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>)</h3>
<ul>
<li>Dividend Yield: 4.58%</li>
<li>BMO Capital analyst Kelly Bania maintained a Market Perform rating and cut the price target from $23 to $22 on Nov. 10, 2023. This analyst has an accuracy rate of 63%.</li>
<li>Deutsche Bank analyst Paul Trussell maintained a Hold rating and lowered the price target from $35 to $30 on Feb. 27, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On March 19, SpartanNash promoted Nicole Zube to Executive Vice President, Chief Human Resources Officer.</li>
</ul>
<h3>B&amp;G Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bgs#NYSE">BGS</a>)</h3>
<ul>
<li>Dividend Yield: 6.92%</li>
<li>Piper Sandler analyst Michael Lavery maintained an Underweight rating and increased the price target from $8 to $9 on Feb. 28, 2024. This analyst has an accuracy rate of 70%.</li>
<li>TD Cowen analyst Robert Moskow maintained an Underperform rating and lowered the price target from $10 to $9.5 on Sept. 19, 2023. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On Feb. 27, B&amp;G Foods reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38154721/investor-optimism-improves-fear-greed-index-remains-in-greed-zone"> Investor Optimism Improves; Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone </a>

Dividends

Pre-Market Outlook

Wall Street's Most Accurate Analysts' Views On 3 Defensive Stocks Delivering High-Dividend Yields

Tuesday marks the last chance for investors to receive the next dividend payout from SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 21.75 cents per share. On Wednesday, SpartanNash will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 21.75 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SPTN as of the end of Tuesday's session are eligible to receive the 21.75 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 28, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/SPTN">Monitor live stock price updates for SpartanNash on Benzinga.</a>

Tuesday Is Your Last Chance To Buy SpartanNash Before The Dividend Payout

SpartanNash Expects FY24 Net Sales Between $9.70B-$9.90B Vs. $9.88B Estimate; Projects Adjusted EPS Between $1.85-$2.10 Vs. $2.40 Estimate

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported adjusted quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.38 by 7.89 percent. This is a 25 percent increase over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $2.25 billion which missed the analyst consensus estimate of $2.27 billion by 1.10 percent. This is a 2.77 percent decrease over sales of $2.31 billion the same period last year.

SpartanNash Q4 Adj. EPS $0.35 Misses $0.38 Estimate, Sales $2.25B Miss $2.27B Estimate

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Earnings Scheduled For February 15, 2024

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that SpartanNash will report an earnings per share (EPS) of $0.38. 
SpartanNash bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 2.95% increase in the share price the next day.
Here's a look at SpartanNash's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.58</td>
<td>0.65</td>
<td>0.63</td>
<td>0.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.54</td>
<td>0.65</td>
<td>0.64</td>
<td>0.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.95%</td>
<td>0.82%</td>
<td>5.2%</td>
<td>2.42%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707937337_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SpartanNash were trading at $22.09 as of February 13. Over the last 52-week period, shares are down 29.02%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SPTN/earnings">To track all earnings releases for SpartanNash visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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SpartanNash names Djouma Barry as SVP and Chief Retail Officer

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Press Releases

SpartanNash Promotes Paul Weis to Vice President, Distribution Finance

SpartanNash Gears up for Grocery Innovation with First-Ever IT Training Palooza

SpartanNash Promotes Kristen Porter to Vice President, Associate General Counsel and Compliance Officer

SpartanNash Invests in Families with New Childcare Benefits for Associates

SpartanNash Acquiring Fresh Encounter Inc., Growing Retail Footprint by 33%

SpartanNash to Webcast Third Quarter 2024 Earnings Conference Call

SpartanNash Foundation Launches Fundraiser to Fight Hunger in Local Communities

SpartanNash Acquiring Markham Enterprises Inc.

SpartanNash Foundation Donates $130,000 for Junior Achievement through Back-to-School Fundraiser

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