SpartanNash (NASDAQ: SPTN) has announced a quarterly cash dividend of $0.2175 per common share, which will be paid on December 30, 2024, to shareholders of record as of the close of business on December 9, 2024. As of November 19, 2024, there were 33,754,787 common shares outstanding.
SpartanNash operates two main business segments * food wholesale and grocery retail. The company has a global supply chain network that serves wholesale customers, including independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges.
On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets, and D&W Fresh Market, along with dozens of pharmacies and fuel centers.
The company's total revenue for the current period increased to $2.1 billion, compared to $1.9 billion in the previous period. Additionally, net income rose to $24 million, up from $20 million in the prior period. Earnings per share also saw growth, reaching $0.71 compared to $0.62 in the last period.
SpartanNash's gross margin for the current period stood at 13.8%, a slight increase from the previous period's 13.5%. Operating margin also improved, reaching 2.6% compared to 2.3% in the prior period.
In terms of liquidity, the company reported cash and cash equivalents of $60 million, compared to $45 million in the previous period. Additionally, the company's debt-to-equity ratio decreased to 0.81 from 0.87 in the last period.
SpartanNash continues to focus on delivering the ingredients for a better life while fostering a people-first culture, with a team of 17,000 associates dedicated to the company's mission. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. Following these announcements, the company's shares moved 1.1%, and are now trading at a price of $18.79. Check out the company's full 8-K submission here.
