NASDAQ$SPTN
SpartanNash Company · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported a decline in net sales due to decreased consumer demand related to the COVID-19 pandemic, but overall profitability was consistent with expectations.
SpartanNash reported a decrease in net sales for the first quarter of 2021, primarily due to the cycling of increased consumer demand related to the COVID-19 pandemic in the prior year. However, the company's profitability remained consistent with expectations, driven by improvements in gross margin and strategic investments in supply chain processes and leadership team.
- Net sales decreased by 7.0% to $2.66 billion compared to the prior year quarter.
- Retail comparable store sales declined by 7.0% for the quarter, but increased by 9.3% on a two-year basis.
- EPS was $0.54 per share, and adjusted EPS was $0.56 per share.
- Adjusted EBITDA was $64.8 million, compared to $74.0 million in the prior year quarter.
Headline financials
Revenue & EPS history
SpartanNash · Revenue · Quarterly
$2.66B
Revenue by segment
SpartanNash · $739M total across 1 segment · Q1 2021
- Retail$739M-5.5%100.0%
Forward guidance
The Company re-affirmed its full year total Company fiscal 2021 outlook, initially provided on Feb. 24, 2021. While the Company is re-affirming net sales guidance for fiscal 2021, it now expects that Retail comparable sales will be negative 5.0% to 7.0% for 2021.
Tailwinds
- EPS expected to range from $1.48 to $1.67 per diluted share.
- Adjusted EPS ranging from $1.65 to $1.80 per diluted share.
- Adjusted EBITDA ranging from $195 to $210 million.
- Capital expenditures and IT capital between $80,000 to $90,000.
- Depreciation and amortization between $90,000 to $100,000.
Headwinds
- Retail comparable sales will be negative 5.0% to 7.0% for 2021.
- Food Distribution sales are still expected to decline 1.0% to 3.0% in 2021.
- Military Distribution sales are now expected to decline 6.0% to 10.0% in 2021.
- The Company continues to monitor inflation that is expected to be passed on from many consumer packaged goods manufacturers.
- The Company’s outlook currently excludes the costs and potential current year benefits associated with the supply chain transformation initiative.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
-0.8%
Avg return
Earnings day
-2.1%
Avg return
5 days after
-0.8%
Avg return
30 days after
50%
30 / 60 earnings
Positive
+21.8%
Q2 2019
Best reaction
-23.9%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -0.1% | +0.2% | -0.3% | |
| Q1 2025 | +10.2% | -3.3% | +35.6% | |
| Q4 2025 | +11.4% | +7.9% | +6.6% | |
| Q3 2024 | -16.2% | -17.5% | -17.5% | |
| Q2 2024 | +8.3% | +10.2% | +12.7% | |
| Q1 2024 | -1.7% | -3.1% | -6.2% | |
| Q4 2023 | -7.2% | -0.9% | -10.4% | |
| Q3 2023 | -7.4% | -8.0% | -1.8% | |
| Q2 2023 | +2.7% | -1.7% | -7.1% | |
| Q1 2023 | -2.0% | +0.2% | -0.1% | |
| Q4 2022 | -13.6% | -14.6% | -22.5% | |
| Q3 2022 | -7.8% | -12.7% | -13.6% | |
| Q2 2022 | +2.4% | -1.5% | -7.6% | |
| Q1 2022 | +5.2% | -1.5% | -9.8% | |
| Q4 2021 | +5.1% | +4.9% | +27.5% | |
| Q3 2021 | +2.9% | +3.1% | +0.2% | |
| Q2 2021 | +0.2% | +2.7% | +0.8% | |
| Q1 2021 | -1.7% | — | — | |
| Q4 2020 | +0.7% | — | — | |
| Q3 2020 | +5.9% | — | — | |
| Q2 2020 | -6.2% | — | — | |
| Q1 2020 | +0.4% | — | — | |
| Q4 2019 | +10.8% | — | — | |
| Q3 2019 | -9.7% | — | — | |
| Q2 2019 | +21.8% | — | — | |
| Q1 2019 | -6.9% | — | — | |
| Q4 2018 | -21.7% | — | — | |
| Q3 2018 | +14.5% | — | — | |
| Q2 2018 | -18.8% | — | — | |
| Q1 2018 | +19.1% | — | — | |
| Q4 2017 | -23.9% | — | — | |
| Q3 2017 | -12.7% | — | — | |
| Q2 2017 | -4.5% | — | — | |
| Q1 2017 | -14.6% | — | — | |
| Q4 2016 | -4.1% | — | — | |
| Q3 2016 | +20.2% | — | — | |
| Q2 2016 | +5.5% | — | — | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | +16.1% | — | — | |
| Q3 2015 | -14.9% | — | — | |
| Q2 2015 | -1.9% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q3 2014 | +2.5% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | +13.2% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | +3.3% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | -7.0% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2011 | -3.5% | — | — | |
| Q3 2012 | -3.8% | — | — | |
| Q2 2012 | +2.0% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q1 2011 | -8.4% | — | — | |
| Q4 2011 | -8.4% | — | — | |
| Q1 2012 | -8.4% | — | — | |
| Q4 2009 | -2.1% | — | — |
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