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Segment Information
 4 Months Ended
Apr. 19, 2025
Segment Reporting [Abstract]  
Segment Information

Note 15 – Segment Information

SpartanNash sells and distributes products that are typically found in supermarkets and discount stores. The Company’s operating segments reflect the manner in which the business is managed and how the Company allocates resources and assesses performance internally. The Company’s Chief Operating Decision Maker is the Chief Executive Officer, who determines the allocation of resources and, through a regular review of financial information, assesses the performance of the operating segments. The segment adjusted EBITDA is regularly provided to the CODM to assess segment profitability as well as to identify opportunities and risks to profitability within the segments to determine resource allocations accordingly. The business is classified by management into two reportable segments: Wholesale and Retail. These reportable segments are two distinct businesses, each with a different customer base, management structure, and separate operating budgets, forecasts, and incentive compensation targets.

The Company reviews its reportable segments on an annual basis, or more frequently if events or circumstances indicate a change in reportable segments has occurred. Refer to Note 4 for information regarding the basis of organization and types of products, services and customers from which the Company derives revenue. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in the notes to the consolidated financial statements included in the Company's Annual Report filed on Form 10-K for the fiscal year ended December 28, 2024 and Note 1 above. Identifiable assets represent total assets directly associated with the reportable segments. Eliminations in assets identified to segments include intercompany receivables, payables and investments. Capital expenditures primarily relate to store remodels, IT upgrades and implementations, investments in supply chain infrastructure, office remodels, and equipment upgrades.

 

The following tables set forth information about the Company by reportable segment:

 

16 Weeks Ended April 19, 2025

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

Net sales (including inter-segment sales)

$

 

2,358,557

 

 

$

 

947,575

 

 

$

 

3,306,132

 

Elimination of inter-segment sales

 

 

(396,136

)

 

 

 

(372

)

 

 

 

(396,508

)

Total consolidated net sales

 

 

1,962,421

 

 

 

 

947,203

 

 

 

 

2,909,624

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (a):

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

1,719,289

 

 

 

 

704,208

 

 

 

 

2,423,497

 

Selling, general and administrative

 

 

181,337

 

 

 

 

227,926

 

 

 

 

409,263

 

Segment adjusted EBITDA

 

 

61,795

 

 

 

 

15,069

 

 

 

 

76,864

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

LIFO expense

 

 

 

 

 

 

 

 

 

 

(4,634

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

(36,843

)

Acquisition and integration, net

 

 

 

 

 

 

 

 

 

 

(3,840

)

Restructuring and asset impairment, net

 

 

 

 

 

 

 

 

 

 

368

 

Cloud computing amortization

 

 

 

 

 

 

 

 

 

 

(2,673

)

Organizational realignment, net

 

 

 

 

 

 

 

 

 

 

(4,617

)

Severance associated with cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(89

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

(5,769

)

Stock warrant

 

 

 

 

 

 

 

 

 

 

(188

)

Non-cash rent

 

 

 

 

 

 

 

 

 

 

484

 

Loss on disposal of assets

 

 

 

 

 

 

 

 

 

 

(102

)

Interest and non-operating expenses, net

 

 

 

 

 

 

 

 

 

 

(14,961

)

Earnings before income taxes

 

 

 

 

 

 

 

 

$

 

4,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

 

 

 

 

 

Acquisition and integration, net

$

 

2,061

 

 

$

 

1,779

 

 

$

 

3,840

 

Restructuring and asset impairment, net

 

 

(3,605

)

 

 

 

3,237

 

 

 

 

(368

)

Depreciation and amortization

 

 

18,091

 

 

 

 

18,752

 

 

 

 

36,843

 

Purchases of property and equipment

 

 

13,754

 

 

 

 

17,839

 

 

 

 

31,593

 

a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.

 

16 Weeks Ended April 20, 2024

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

Net sales (including inter-segment sales)

$

 

2,348,386

 

 

$

 

792,833

 

 

$

 

3,141,219

 

Elimination of inter-segment sales

 

 

(334,365

)

 

 

 

(591

)

 

 

 

(334,956

)

Total consolidated net sales

 

 

2,014,021

 

 

 

 

792,242

 

 

 

 

2,806,263

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (a):

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

1,775,476

 

 

 

 

588,423

 

 

 

 

2,363,899

 

Selling, general and administrative

 

 

180,919

 

 

 

 

186,550

 

 

 

 

367,469

 

Segment adjusted EBITDA

 

 

57,626

 

 

 

 

17,269

 

 

 

 

74,895

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

LIFO expense

 

 

 

 

 

 

 

 

 

 

(2,020

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

(30,646

)

Acquisition and integration, net

 

 

 

 

 

 

 

 

 

 

(327

)

Restructuring and asset impairment, net

 

 

 

 

 

 

 

 

 

 

(5,768

)

Cloud computing amortization

 

 

 

 

 

 

 

 

 

 

(2,018

)

Organizational realignment, net

 

 

 

 

 

 

 

 

 

 

(306

)

Severance associated with cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(69

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

(3,720

)

Stock warrant

 

 

 

 

 

 

 

 

 

 

(326

)

Non-cash rent

 

 

 

 

 

 

 

 

 

 

901

 

Gain on disposal of assets

 

 

 

 

 

 

 

 

 

 

20

 

Interest and non-operating expenses, net

 

 

 

 

 

 

 

 

 

 

(12,439

)

Earnings before income taxes

 

 

 

 

 

 

 

 

$

 

18,177

 

 

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

 

 

 

 

 

Acquisition and integration, net

$

 

—

 

 

$

 

327

 

 

$

 

327

 

Restructuring and asset impairment, net

 

 

(150

)

 

 

 

5,918

 

 

 

 

5,768

 

Depreciation and amortization

 

 

16,078

 

 

 

 

14,568

 

 

 

 

30,646

 

Purchases of property and equipment

 

 

22,622

 

 

 

 

17,541

 

 

 

 

40,163

 

 

a) The significant expense categories and amounts align with the segment level-information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.

 

 

 

 

 

April 19,

 

 

December 28,

 

(In thousands)

 

 

 

2025

 

 

2024

 

Total assets

 

 

 

 

 

 

 

 

 

 

Wholesale

 

 

 

$

 

1,571,911

 

 

$

 

1,576,043

 

Retail

 

 

 

 

 

1,008,665

 

 

 

 

1,026,253

 

Total

 

 

 

$

 

2,580,576

 

 

$

 

2,602,296