Thu, May 29, 8:06 PM (24 days ago)
**SpartanNash Company (SPTN) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $2.91 billion, up 3.7% YoY. - **Net Earnings:** $2.1 million, down 84% YoY. - **EPS:** $0.06, down from $0.37 YoY. - **Adjusted EBITDA:** $76.9 million, up from $74.9 million YoY. - **Cash Flow from Operations:** $25.8 million, down from $36.5 million YoY. **Segment Performance:** - **Wholesale:** Revenue down 2.6% to $1.96 billion, operating earnings down 7.6% to $33.2 million. - **Retail:** Revenue up 19.6% to $947.2 million, operating loss increased to $14.3 million. **Profit Margins:** - **Gross Profit Margin:** 16.5%, up from 15.7% YoY. - **Operating Margin:** 0.7%, down from 1.1% YoY. **Cash Flow & Earnings Changes:** - **Cash Flow from Operations:** Decreased due to changes in working capital and lower earnings. - **Capital Expenditures:** $31.6 million, down from $40.2 million YoY. - **Net Cash Provided by Financing Activities:** Increased to $9.5 million from $2.6 million YoY. **Trends & Uncertainties:** - **Acquisitions:** Completed acquisitions of Metcalfe Markets, Fresh Encounter, and Markham Enterprises. - **Macroeconomic Headwinds:** Inflation, potential economic recession, and rising interest rates. - **Labor Costs:** Difficulty attracting and retaining well-qualified associates. - **Debt Management:** Total debt at $777.0 million, with excess availability of $270.4 million. **Future Operations Impact:** - **Growth Initiatives:** Continued focus on organic and inorganic growth strategies. - **Dividends:** Declared $7.8 million in dividends, with a 1.1% increase in the quarterly dividend rate. - **Capital Investments:** Anticipated additional investments for strategic initiatives. **Conclusion:** SpartanNash's Q1 2025 shows mixed results with revenue growth but significant declines in net earnings and operating margins. The company faces macroeconomic challenges and labor cost pressures but remains focused on growth and strategic investments. The financial health indicates a need for careful management of costs and continued focus on operational efficiency.