SpartanNash (NASDAQ:SPTN) Stock

SpartanNash

SpartanNash Co is a food solutions company that delivers the ingredients. Its principal business activities include, distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and U.S. military commissaries and exchanges; as well as operating a fresh produce distribution network and the Our Family private label brand. The company operates in two segments: Retail and Wholesale. Majority of the revenue is earned from its Wholesale segment which uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores.

SpartanNash Co

Food solutions company <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4380075-1&amp;h=3219195696&amp;u=https%3A%2F%2Fwww.spartannash.com%2F&amp;a=SpartanNash">SpartanNash</a>&nbsp;(the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) announced that its Board of Directors today approved a quarterly cash dividend of $0.22 per common share, representing a 1.1% increase from its fiscal 2024 quarterly cash dividend of $0.2175. The dividend will be paid on April 2, 2025, to shareholders of record as of the close of business on March 21, 2025. As of March 10, 2025, there were 33,689,005 common shares outstanding.

News

Dividends

SPTN

SpartanNash Increases Quarterly Cash Dividend From $0.2175 To $0.22 Per Share

WIIM

SpartanNash shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY25 sales guidance above estimates.

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) is looking for FY2025 Adj EPS of $1.60-$1.85 vs $1.93 analyst estimate. sees sales of $9.800 billion-$10.000 billion vs $9.74 billion analyst estimate.

Guidance

SpartanNash Sees FY2025 Adj EPS $1.60-$1.85 vs $1.93 Est; Sees Sales $9.800B-$10.000B vs $9.74B Est

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.31 by 35.48 percent. This is a 20 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $2.26 billion which beat the analyst consensus estimate of $2.25 billion by 0.44 percent. This is a 0.76 percent increase over sales of $2.25 billion the same period last year.

Earnings

Earnings Beats

SpartanNash Q4 Adj EPS $0.42 Beats $0.31 Estimate, Sales $2.26B Beat $2.25B Estimate

SpartanNash Sees FY25 Sales $9.8B-$10B Vs $9.737B Estimate; Sees Adj. EPS $1.60-$1.85 Vs $1.93 Estimate

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.31 by 35.48 percent. This is a 20 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $2.26 billion which beat the analyst consensus estimate of $2.25 billion by 0.35 percent. This is a 0.67 percent increase over sales of $2.25 billion the same period last year.

SpartanNash Q4 2024 Adj EPS $0.42 Beats $0.31 Estimate, Sales $2.26B Beat $2.25B Estimate

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Earnings Scheduled For February 12, 2025

<h3>Gainers</h3>
<ul>
<li>Webuy Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) stock moved upwards by 275.1% to $0.43 during Thursday's regular session. The market value of their outstanding shares is at $36.0 million. </li>
<li>22nd Century Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares rose 20.38% to $0.12. The company's market cap stands at $5.6 million. </li>
<li>Laird Superfood (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LSF#AMEX">LSF</a>) stock increased by 19.68% to $8.82. The company's market cap stands at $90.6 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) shares increased by 17.25% to $122.13. The company's market cap stands at $6.8 billion. The company's, Q2 earnings came out yesterday. </li>
<li>WK Kellogg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) shares moved upwards by 15.49% to $19.45. The market value of their outstanding shares is at $1.6 billion. As per the press release, Q3 earnings came out today. </li>
<li>DDC Enterprise (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DDC#AMEX">DDC</a>) stock increased by 12.88% to $0.19. The company's market cap stands at $4.3 million. </li>
</ul>
<h3>Losers</h3>
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<li>Fresh Vine Wine (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VINE#AMEX">VINE</a>) shares fell 29.9% to $0.56 during Thursday's regular session. The market value of their outstanding shares is at $8.9 million. </li>
<li>Hain Celestial Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) stock fell 15.45% to $7.53. The company's market cap stands at $676.0 million. The company's, Q1 earnings came out today. </li>
<li>Olaplex Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>) shares fell 15.37% to $1.51. The company's market cap stands at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Oatly Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLY#NASDAQ">OTLY</a>) stock decreased by 13.92% to $0.8. The company's market cap stands at $477.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>Farmmi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) stock declined by 13.07% to $0.28. The market value of their outstanding shares is at $3.0 million. </li>
<li>SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) shares declined by 10.75% to $20.16. The market value of their outstanding shares is at $680.3 million. As per the news, the Q3 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-defensive-stocks/" title="www.benzinga.com/money/best-consumer-defensive-stocks/">www.benzinga.com/money/best-consumer-defensive-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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XXII

12 Consumer Staples Stocks Moving In Thursday's Intraday Session

SpartanNash Reiterates FY24 Net Sales Outlook Of $9.500B-$9.700B Vs. Estimate; Lowers Adjusted EPS Outlook To $1.85-$1.95 (Prior View: $1.85-$2.10)

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported quarterly earnings of $0.48 per share which met the analyst consensus estimate. The company reported quarterly sales of $2.250 billion which beat the analyst consensus estimate of $2.236 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $2.264 billion the same period last year.

Earnings Misses

SpartanNash Q3 2024 Adj. EPS $0.48, Inline, Sales $2.250B Beat $2.236B Estimate

Food solutions company announces its second acquisition this month, now adding three fuel centers and convenience stores to retail footprint
GRAND RAPIDS,&nbsp;Mich., Oct. 29, 2024 /PRNewswire/ -- Food solutions company&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4289987-1&amp;h=313673145&amp;u=https%3A%2F%2Fwww.spartannash.com%2F&amp;a=SpartanNash">SpartanNash</a>&nbsp;(the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) today announced that it has entered into an Asset Purchase Agreement with Markham Enterprises, Markham Oil and its affiliates, a three-store chain of convenience stores and fuel distributor in mid-Michigan. Following the closing of this transaction in early December, SpartanNash will continue employment of Markham Enterprises' 42 team members. This deal follows the Company's <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4289987-1&amp;h=985019196&amp;u=https%3A%2F%2Fwww.spartannash.com%2Finvestors%2Fnews%2Frelease%2F%3Fid%3D139191&amp;a=acquisition+of+Fresh+Encounter+Inc.">acquisition of Fresh Encounter Inc.</a>, announced earlier this month.

SpartanNash Enters Into An Asset Purchase Agreement With Markham Enterprises; Terms Of The Deal Were Not Disclosed

The 49-store chain with locations in Ohio, Indiana and Kentucky has been a SpartanNash independent grocer customer for 58&nbsp;years
GRAND RAPIDS, Mich., Oct. 14, 2024 /PRNewswire/ --&nbsp;Food solutions company <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4276965-1&amp;h=2717079565&amp;u=https%3A%2F%2Fwww.spartannash.com%2F&amp;a=SpartanNash">SpartanNash</a>&nbsp;(the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) today announced its acquisition of Fresh Encounter Inc. (&quot;FEI&quot;), a 49-store supermarket chain serving Ohio, Indiana and Kentucky. Owned by third-generation grocers Michael Needler Jr. and Julie Anderson, FEI has been a food distribution customer of SpartanNash for 58&nbsp;years. SpartanNash will continue employment for FEI&#39;s 2,500 team members.

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SpartanNash Acquiring Fresh Encounter, A 49-Store Supermarket Chain Serving Ohio, Indiana And Kentucky; Terms Of The Deal Were Not Disclosed

<h2>Industry: Natural Food</h2>
Companies in the Zacks Natural Foods Products industry have been reaping the benefits of growing consumer health awareness and the rising demand for nutritious, wholesome products. To capitalize on this trend, many companies are expanding their product lines with innovative offerings and strategic acquisitions. Some industry players are increasing investments in digital capabilities to enhance customer engagement and streamline operations.
Despite the challenges posed by rising operating expenses, natural food companies are taking proactive steps to address cost inflation, particularly through strategic pricing initiatives. These positive factors bode well for companies like Performance Food Group Co.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>), Sprouts Farmers Market, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>) and SpartanNash Co.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>).
<h2>About the Industry</h2>
The Zacks Natural Foods Products industry comprises companies that manufacture and sell a wide range of organic and natural fruits, vegetables, dairy products, flour, bakery items, meat and seafood, as well as spices and condiments. These also offer packaged ready-to-eat meals, snacks, cereals and frozen food.
Some companies offer comfort food items like ice cream and soups. A few players provide personal care products as well as health supplements. The firms operating in this space sell their products mostly through wholesalers, distributors, large retail organizations, grocery chains, mass merchandisers, drug stores and e-commerce service providers. Some also cater to food service channels, including restaurants, cafes and hotels. Others offer services to schools, hospitals and industry caterers. Some players operate through independent retail stores.
<h2>Major Trends Shaping the Future of the Natural Food Industry</h2>
Shift Toward Healthier Eating Habits: Consumers are increasingly opting for nutritious and natural food choices, driving demand for fresh and organic products. This trend has become a major boost for companies in the natural food industry as more individuals prioritize healthy eating, even when dining out.
The appetite for fresh, natural and organic foods is expected to remain strong, with foodservice channels experiencing a resurgence. Restaurants and cafes are also responding by incorporating more wholesome ingredients into their menus to meet the preferences of health-conscious customers. Industry experts predict that the focus on healthier food options will persist, supporting the continued popularity of fresh and organic offerings.
Expanding Product Lines and Market Reach: Companies are diversifying their offerings and expanding market reach through strategic partnerships, acquisitions and retail growth. A key focus has been on research and development to create convenient, flavorful home-cooking options with minimal preservatives. Products based on plant-based, gluten-free and keto-friendly ingredients are gaining momentum.
To meet the rising demand for fresh and organic foods, companies are scaling up their production capabilities. The shift toward online shopping has benefited natural food companies, leading to investments in digital transformations, including e-commerce platforms, delivery systems and digital marketing initiatives.
Rising Operating Costs: Companies are facing rising operational expenses, particularly in personnel costs, including wages, salaries, commissions and benefits, which are putting pressure on budgets. Some companies are also seeing increased costs due to new store openings and higher marketing expenditures. While businesses remain focused on growth-oriented investments, these efforts are often weighing on profit margins.
<h2>Zacks Industry Rank Indicates Robust Prospects</h2>
The Zacks Natural Foods Products industry is housed within the broader Zacks Retail - Wholesale sector. The industry currently carries a Zacks Industry Rank #93, which places it in the top 37% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry&#39;s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group&#39;s earnings growth potential. Since the beginning of July 2024, the industry&#39;s earnings estimate for 2024 has risen 2.1%.
Here, we present a few stocks that you may want to consider for your portfolio. However, before that, it&#39;s worth taking a look at the industry&#39;s performance and current valuation.
<h2>Industry vs. Broader Market</h2>
The Zacks Natural Foods Products industry has outperformed the broader Zacks Retail - Wholesale sector as well as the Zacks S&amp;P 500 over the past year.
The industry has risen 59.9% over this period compared with the broader sector&#39;s growth of 25.5% and the S&amp;P 500&#39;s increase of 27.2%.
<h2>Industry&#39;s Current Valuation</h2>
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing Retail-Wholesale stocks, the industry is currently trading at 17.88X compared with the S&amp;P 500&#39;s 21.48X and the sector&#39;s 23.28X.
Over the past five years, the industry has traded as high as 20.31X and as low as 10.88X, with the median being 14.94X.
<h2>3 Natural Food Stocks to Keep a Close Eye On</h2>
Sprouts Farmers: This well-known grocery retailer has been capitalizing on its emphasis on product innovation, a strong focus on e-commerce, the expansion of private-label offerings, targeted marketing efforts and competitive pricing. SFM has also enhanced its same-day delivery options and store pickup services to provide customers with more convenience across its locations. Sprouts Farmers continues to solidify its position in the natural and organic market, tapping into the growing demand within this sector.
This Zacks Rank #1 (Strong Buy) company has soared a whopping 156.8% in the past year. The consensus mark for Sprouts Farmers&#39; earnings per share for the current fiscal year has increased by 8% to $3.37 over the past 60 days. The Zacks Consensus Estimate for SFM&#39;s sales and EPS for 2024 suggests growth of 9.6% and 18.7%, respectively, from the figure reported in the year-ago period.
SpartanNash: This Zacks Rank #3 (Hold) company&#39;s strategic initiatives and core strengths highlight its potential for long-term growth. SpartanNash has demonstrated resilience in navigating operational challenges while maintaining a strong focus on boosting profitability through targeted investments and cost optimization. With a clear emphasis on innovation, customer satisfaction and market expansion, the company is well-positioned to sustain positive momentum.
SpartanNash&#39;s efforts to broaden its product range and expand its market presence are noteworthy. The company has been diversifying its offerings through strategic partnerships, acquisitions and retail growth, with a significant focus on research and development. The consensus mark for SPTN&#39;s EPS has increased from $1.94 to $1.96 over the past 60 days. Shares of this food solutions company have jumped 27.2% in the past year.
Performance Food Group: This Zacks Rank #3 company has been benefiting from its strong position in the expanding food-away-from-home market. The resilience of its Foodservice segment highlights the company&#39;s effective sales organization and strategic market positioning. Notable initiatives, such as launching a nationwide pizza concept in partnership with GPM and expanding PFG-branded foodservice concepts to convenience customers, reflect PFGC&#39;s innovative approach to creating value.
These strategic moves, alongside disciplined cost management and targeted investments, are anticipated to fuel long-term growth. The Zacks Consensus Estimate for Performance Food Group&#39;s fiscal 2024 sales and earnings indicates growth of 3.8% and 13.3% from the prior-year reported figure. The consensus mark for the EPS has declined from $4.92 to $4.87 over the past 60 days. Shares of PFGC have risen 23.9% in the past year.
<a href="https://www.zacks.com/stock/news/2339700/zacks-industry-outlook-highlights-performance-food-sprouts-farmers-market-and-spartannash?cid=CS-BENZ-FT-press_releases-2339700">To read this article on Zacks.com click here.</a>

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Zacks Industry Outlook Highlights Performance Food, Sprouts Farmers Market and SpartanNash

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he prefers Royal Caribbean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) over Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) .
&#8220;Royal Caribbean has the best systems right now, it's got the best numbers. It's the one you want, not Carnival,&#8221; he added.
On Aug. 27, Carnival unveiled new itineraries for seven ships sailing in 2026 and 2027 from Miami, Port Canaveral, Galveston, and Baltimore.
EPR Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPR#NYSE">EPR</a>) has been<a href="https://www.benzinga.com/quote/EPR/earnings"> &#8220;too rocky&#8221; for Cramer.</a> On July 31, EPR Properties posted better-than-expected sales for its second quarter.
Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is &#8220;too inconsistent,&#8221; Cramer said. &#8220;They don't get my buy with that level of inconsistency.&#8221;
On Aug. 19, Whirlpool declared a quarterly dividend of $1.75 per share on its common stock.
When asked about DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), he said, &#8220;I did not really care for that last quarter or the explanation of why things had slowed.&#8221;
On Aug. 26, Piper Sandler analyst Matt O&#8217;Brien reiterated DexCom with an Overweight rating and maintained a $90 price target.
The &#8220;Mad Money&#8221; host said he really liked SpartanNash Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>). &#8220;I like that dividend,&#8221; he added.
On Aug. 15, SpartanNash reported second-quarter adjusted earnings per share of 59 cents, beating the street view of 56 cents. Quarterly revenues of $2.23 billion missed the analyst consensus of $2.27 billion.
Price Action:
<ul>
<li>EPR Properties shares fell 0.5% to settle at $47.72 on Thursday.</li>
<li>Carnival shares closed at $16.15 during Thursday's session.</li>
<li>Whirlpool shares fell 1.3% to close at $97.53 during Thursday's session.</li>
<li>Dexcom shares fell 1.1% to settle at $69.05 on Thursday.</li>
<li>SpartanNash shares fell 1.9% to settle at $22.12 during the session.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy"> </a>
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy">Jim Cramer: Oklo Is Losing Money &#8216;Hand-Over-Fist,&#8217; But This Private Equity Stock Is A Buy</a></li>
</ul>
Image: Shutterstock

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Jim Cramer Doesn't Like Carnival Right Now: Royal Caribbean Is 'The One You Want'

SpartanNash Launched Its Annual In-store And Online Fundraiser Through The SpartanNash Foundation, Benefiting Youth Education Nonprofit Junior Achievement

Performance Food Group Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>) is one of the largest food service distributors in the United States. The company sources, markets, and delivers food and food-related products through a network of over 150 distribution facilities to over 125,000 businesses in the food service industry. The company is acquiring food service distributor Cheney Brothers for $2.1 billion, which will expand its footprint with restaurant and hospitality customers in the Southeastern region of the United States. The drop in inflation back under 3% and the impending interest rate cuts are positive tailwinds that the market anticipates for the company.
<h2>Disinflation Should Not Be Mistaken for Deflation </h2>
Performance Food Group is a benefactor of disinflation, which is not to be confused with deflation. Disinflation occurs when the rate of inflation slows down, which means prices are still rising but at a slower pace. For example, when inflation drops from 9% to 2.9%, as indicated by the recent July consumer price index (CPI) report. Disinflation eases procurement costs and improves gross margins. It also improves demand and business spending power. Interest rate cuts are meant to be disinflationary.
Deflation occurs when general prices actually fall. This can result in a negative inflation rate, which can be harmful to the economy. Deflation occurs during severe economic downturns.
Performance Food Group operates in the retail/wholesale sector, competing with food distributors such as Sysco Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>), United Natural Foods Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>), and SpartanNash Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>).
<h2>Performance Food&#39;s Exclusive Portfolio of Brands </h2>
The company has exclusive brands under its Performance Foodservice segment, with categories like Center of Plate (COP) and Seafood. These brands offer&nbsp;beef, poultry, and seafood to high-end luxury steakhouses, fast-food burger joints, and on-the-go food trucks. Its exclusive seafood brands include top-tier Bay Winds, Empire&#39;s Treasure, The Fresh Catch,&nbsp;and World Dock.
Its Bakery &amp; Desserts category carries exclusive products from Heritage Ovens, Sweet Encore, Piancone and Roma gelato, tiramisu, cannoli, and coffee and expresso from Italy. Performance sells thousands of products covering condiments to freshly caught fish from over 100 exclusive brands, including custom-cut meats. Its customers range from restaurants to convenience stores, hotels, schools, universities, retail, senior living, and healthcare facilities.
<img alt="Performance Food Group Company PFGC stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240818190053_chartb-pfgc.jpg" style="height:748px; width:915px" />
<h2>PFGC Stock Is Back in an Ascending Parallel Price Channel</h2>
The daily candlestick chart for PFGC shows an ascending price channel pattern. The ascending upper trendline connects the higher highs, and the lower trendline connects the higher lows. While PFGC fell out of the channel before its earnings report, the price gap from $67.34 to $70.73 placed shares firmly back into the channel. The daily relative strength index (RSI) rose to the 70-band. Pullback support levels are at $70.73, $67.34 gap fill, $65.19, and $63.35.
<h2>The Turnaround Is Accelerating </h2>
Performance Food Group reported fiscal Q4 2024 EPS of $1.45, beating consensus estimates of $1.37 by 8 cents. Adjusted EBITDA rose 18.4% to $456.2 million. Revenues rose 2.3% YoY to $15.2 billion versus $15.25 billion. Total case volume grew 1.1% YoY. Organic independent food service case volume rose by 3.7%. Net income rose 10.9% YoY to $166.5 million. Overall, product cost inflation for its food service business rose 2.9% in the quarter. Its Foodservice segment sales rose 4.6% to $7.7 billion. The Vistar segment had a 1.8% drop in net sales to $1.2 billion. The Convenience segment&#39;s net sales dropped by&nbsp; 0.5% YoY to $6.3 billion.
<h2>Performance Food Group Issues Mixed Guidance </h2>
For fiscal Q1 2025, Performance Food Group issued downside revenue guidance of $15.2 billion to $15.5 billion versus the $15.54 billion consensus. Adjusted EBITDA is expected to be around $400 million to $425 million. Business results for Jose Santiago are expected to be added to the quarter.
For the fiscal full year 2025, the company expects revenues of $60 billion to $61 billion versus $60.83 billion consensus estimates. Adjusted EBITDA for the fiscal full year 2025 is expected to be between $1.6 billion and $1.7 billion.
Performance Food Group CEO George Holm commented on the 2 recent acquisitions, &quot;While small relative to PFG&#39;s total business, we believe Jos&eacute; Santiago will be accretive to earnings, cash flow, and margins immediately. Taken together, we believe these two deals position PFG very well for the future growth of the Southeastern United States and the Caribbean territories.&quot;
The article &quot;<a href="https://www.nasdaq.com/articles/performance-food-group-sees-disinflation-tailwinds-2025">Performance Food Group Sees Disinflation Tailwinds in 2025</a>&quot; first appeared on MarketBeat.

UNFI

Performance Food Group Sees Disinflation Tailwinds in 2025

SpartanNash Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported second-quarter adjusted earnings per share of 59 cents,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40390348/spartannash-announces-second-quarter-fiscal-2024-results" rel="noreferrer noopener"> beating the street view of 56 cents.</a> Quarterly revenues of $2.23 billion missed the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus of $2.27 billion.</a>
Net sales dropped 3.5%, primarily due to lower volumes in both the Wholesale and Retail segments.
The Wholesale segment saw a 4.8% decline to $1.55 billion, largely due to reduced volumes in national accounts. The Retail segment&#8217;s sales fell 0.4% to $676.1 million, with comparable store sales down 2.5%.
Weaker consumer demand trends offset gains from newly acquired Metcalfe&#8217;s Market stores.
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Adjusted EBITDA was $64.5 million, down from $66.1 million, excluding restructuring and asset impairment charges, the LIFO provision, and acquisition and integration expenses.
&#8220;We are piloting a Customer Value Proposition initiative that is informed by extensive shopper data and insights, aimed at enhancing freshness, value and convenience. As part of this store modernization program, we are lowering prices on 6,000 products to bring more value to our shoppers today,&#8221; said SpartanNash President and CEO&nbsp;Tony Sarsam.&nbsp;
Outlook: SpartanNash has reaffirmed its FY24 guidance, projecting total net sales of $9.50 billion to $9.70 billion, compared to the $9.60 billion estimate, and adjusted EPS of $1.85 to $2.10,<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> versus the $2.02 estimate.</a>
Price Action: SPTN shares are trading higher by 7.3% to $20.98 at last check Thursday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Spartan_delivery_truck_Romulus_Michigan.JPG">Wikimedia Commons</a>
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Equities

General

SpartanNash Q2 Revenues Dip 3.5% On Reduced Volumes In National Accounts

SpartanNash Reaffirms FY24 Guidance; Total Net Sales Of $9.50B - $9.70B (Est $9.60B), Adjusted EPS Of $1.85 - $2.10 (Est $2.02)

SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.56 by 5.36 percent. This is a 9.23 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $2.23 billion which missed the analyst consensus estimate of $2.27 billion by 1.70 percent. This is a 3.55 percent decrease over sales of $2.31 billion the same period last year.

SpartanNash Q2 2024 Adj EPS $0.59 Beats $0.56 Estimate, Sales $2.23B Miss $2.27B Estimate

BMO Capital analyst Kelly Bania maintains SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) with a Market Perform and lowers the price target from $22 to $20.

Price Target

BMO Capital Maintains Market Perform on SpartanNash, Lowers Price Target to $20

Press Releases

SpartanNash Foundation Achieves Record-Breaking Fundraiser for Local Food Pantries

SpartanNash Mobilizes Support for California Wildfire Victims with Donations and In-Store Fundraising Campaign

SpartanNash to Webcast Fourth Quarter and Fiscal 2024 Earnings Conference Call

SpartanNash Announces Fourth Quarter and Fiscal 2024 Results

SpartanNash Increases Quarterly Cash Dividend

SpartanNash Publishes Corporate Responsibility Report, Emphasizing Commitment to People and Communities

SpartanNash Rewards Neighborhood Heroes with New Discount for Groceries

SpartanNash Hosts Mass Volunteer Event, Packing 500,000 Meals for Families in Crisis

SpartanNash Welcomes Jay Mahabir as Vice President, Retail Operations

Commodities

Bags to Boards: SpartanNash Celebrates Earth Day with Second Annual Accessibility Ramp Build

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