NASDAQ$SPTN
SpartanNash Company · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced strong third quarter fiscal 2022 results and reaffirmed recently raised fiscal year 2022 guidance.
SpartanNash reported a strong third quarter with net sales increasing by 10.8% to $2.3 billion, driven by growth in both the Wholesale and Retail segments, which were favorably impacted by inflation. The company's adjusted EBITDA increased by 11.3% to $57.3 million, and retail comparable sales increased by 8.0%. However, net earnings decreased by 37.6% to $9.5 million compared to the prior year quarter.
- Net sales increased 10.8% to $2.3 billion compared to the prior year quarter.
- Retail comparable sales increased 8.0% for the quarter.
- Net earnings decreased 37.6% to $9.5 million compared to the prior year quarter.
- Adjusted EBITDA increased 11.3% to $57.3 million compared to the prior year quarter.
Headline financials
Revenue & EPS history
SpartanNash · Revenue · Quarterly
$2.3B
Revenue by segment
SpartanNash · $2.3B total across 2 segments · Q3 2022
- Wholesale$1.63B—71.0%
- Retail$667M+9.5%29.0%
Forward guidance
Given strong year-to-date results through the third quarter, the Company raised its fiscal year 2022 guidance.
Tailwinds
- Net sales to a range of $9.5 billion to $9.7 billion, compared to the prior guidance of $9.3 billion to $9.6 billion.
- Retail comp sales 6.0% to 7.5%
- Wholesale sales* 6.5% to 8.0%
- Adjusted EBITDA to a range of $237 million to $242 million, compared to the prior guidance of $227 million to $240 million.
- Adjusted EPS $2.27 to $2.37
Headwinds
- Capital expenditures and IT capital $100 million to $110 million
- Depreciation and amortization $90 million to $100 million
- Interest expense $21 million to $23 million
- Income tax rate 25.5% to 26.5%
- Rising interest rates and an increase in borrowings due to inflationary increases in working capital.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q3 2022
-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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