Recent M&A expected to bolster SpartanNash's business [Yahoo! Finance]
SpartanNash Company (SPTN)
Last spartannash company earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
Two recent acquisitions, however, might help bolster both ends. The Byron Center, Mich.-based company recently purchased Fresh Encounter, which includes 49 retail grocery locations in Ohio, Indiana, and Kentucky, and Markham Enterprises' three fuel centers and convenience stores in Michigan. During SpartanNash's call with investors Thursday, Jason Monaco, executive vice president and chief financial officer, said Fresh Encounter is expected to contribute more than $350 million in sales in the retail segment and will bolster SpartanNash's wholesale business by picking up volume from other distributors. The deal is expected to be completed this month. The three fuel centers and convenience stores are projected to add $20 million in net sales. That deal is on track to close by the end of the year. “Looking ahead, we are continuing to evaluate M&A opportunities based on our disciplined M&A framework,” said Tony Sarsam, president and CEO of SpartanNash, during the earnings call, ac
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News
- SpartanNash (NASDAQ:SPTN) Is Posting Promising Earnings But The Good News Doesn't Stop There [Yahoo! Finance]Yahoo! Finance
- SpartanNash Company Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- SpartanNash Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- SpartanNash (NASDAQ: SPTN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- SpartanNash exec on growth after Markham Enterprises buy: ‘We're going to be relentless' [Yahoo! Finance]Yahoo! Finance
SPTN
Earnings
- 11/7/24 - Miss
SPTN
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 3
- 11/8/24 - Form SC
- SPTN's page on the SEC website