NASDAQ$SPTN
SpartanNash Company · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
SpartanNash experienced a decrease in net sales due to lower volumes in both Wholesale and Retail segments, but net earnings and adjusted EPS increased.
SpartanNash reported a decrease in net sales for the fourth quarter of 2023, driven by lower volumes in both the Wholesale and Retail segments. However, the company's net earnings and adjusted EPS increased compared to the prior year. The increase in net earnings was primarily due to a higher gross profit rate and lower incentive compensation.
- Net sales decreased 2.8% to $2.25 billion, driven by lower volumes in both the Wholesale and Retail segments.
- Wholesale segment net sales decreased 2.0% to $1.60 billion due primarily to lower volume in the national accounts customer channel.
- Retail segment net sales decreased 4.5% to $647.0 million, with comparable store sales down 2.8%.
- Net earnings of $0.30 per diluted share, compared to $0.02 per diluted share in the prior year, and Adjusted EPS of $0.35, compared to $0.28 in the prior year.
Headline financials
Revenue & EPS history
SpartanNash · Revenue · Quarterly
$2.25B
Revenue by segment
SpartanNash · $2.26B total across 2 segments · Q3 2023
- Wholesale$1.6B-1.7%70.8%
- Retail$662M-0.7%29.2%
Forward guidance
SpartanNash provided its outlook for fiscal year 2024, including total net sales between $9.7 billion and $9.9 billion, adjusted EBITDA between $255 million and $270 million, and adjusted EPS between $1.85 and $2.10.
Tailwinds
- Guidance incorporates the Company’s long-term strategic initiatives
- Guidance incorporates all transformational programs
- Guidance incorporates tuck-in acquisitions
- Total net sales between $9.7 billion and $9.9 billion
- Adjusted EBITDA between $255 million and $270 million
Headwinds
- Macroeconomic uncertainty, including rising inflation
- Potential economic recession
- Increasing interest rates
- Difficulty attracting and retaining well-qualified Associates
- Failure to successfully retain or manage transitions with executive leaders and other key personnel
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 Q4 2023
-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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