SpartanNash Announces Strong Second Quarter Fiscal 2022 Results

Food solutions company SpartanNash today reported financial results for its 12-week second quarter ended July 16, 2022.

Second Quarter Fiscal 2022 Highlights

• Net sales of $2.3 billion, increased 7.9 percent, compared to $2.1 billion in the prior year quarter.
• Retail comparable sales increased 6.5 percent for the quarter.
• Net earnings of $5.1 million, compared to $16.8 million in the prior year quarter.
• Adjusted EBITDA⁽¹⁾ of $61.8 million, a significant increase of 13.7 percent, compared to $54.4 million in the prior year quarter.
• The Company continued to make additional progress on its Supply Chain Transformation, concluding the quarter with a 9 percent improvement in throughput rate year-over-year.

“We are pleased with the significant momentum in our business as evidenced by our strong second quarter results, including impressive gains in sales and profits,” said SpartanNash President and CEO Tony Sarsam. “These results were driven by our continued turnaround in the Military business and the margin improvements across our distribution businesses. With the launch of our Merchandising Transformation, we are doubling down on our efforts to maintain price competitiveness in this highly inflationary environment. We believe that when the end consumer wins, we all win.”

For more information, visit the company’s full report.