XML 33 R26.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information
 6 Months Ended
Jul. 12, 2025
Segment Reporting [Abstract]  
Segment Information

Note 16 – 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 5 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:

 

12 Weeks Ended July 12, 2025

 

28 Weeks Ended July 12, 2025

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

Wholesale

 

 

Retail

 

 

Total

 

Net sales (including inter-segment sales)

$

 

1,830,082

 

 

$

 

763,178

 

 

$

 

2,593,260

 

$

 

4,188,639

 

 

$

 

1,710,753

 

 

$

 

5,899,392

 

Elimination of inter-segment sales

 

 

(321,792

)

 

 

 

(323

)

 

 

 

(322,115

)

 

 

(717,928

)

 

 

 

(695

)

 

 

 

(718,623

)

Total consolidated net sales

 

 

1,508,290

 

 

 

 

762,855

 

 

 

 

2,271,145

 

 

 

3,470,711

 

 

 

 

1,710,058

 

 

 

 

5,180,769

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (a):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

1,322,775

 

 

 

 

562,276

 

 

 

 

1,885,051

 

 

 

3,042,063

 

 

 

 

1,266,484

 

 

 

 

4,308,547

 

Selling, general and administrative

 

 

138,889

 

 

 

 

178,510

 

 

 

 

317,399

 

 

 

320,227

 

 

 

 

406,436

 

 

 

 

726,663

 

Segment adjusted EBITDA

 

 

46,626

 

 

 

 

22,069

 

 

 

 

68,695

 

 

 

108,421

 

 

 

 

37,138

 

 

 

 

145,559

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIFO expense

 

 

 

 

 

 

 

 

 

 

(3,472

)

 

 

 

 

 

 

 

 

 

 

(8,106

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

(27,876

)

 

 

 

 

 

 

 

 

 

 

(64,719

)

Acquisition and integration, net

 

 

 

 

 

 

 

 

 

 

(9,315

)

 

 

 

 

 

 

 

 

 

 

(13,155

)

Restructuring and asset impairment, net

 

 

 

 

 

 

 

 

 

 

90

 

 

 

 

 

 

 

 

 

 

 

458

 

Cloud computing amortization

 

 

 

 

 

 

 

 

 

 

(2,018

)

 

 

 

 

 

 

 

 

 

 

(4,691

)

Organizational realignment, net

 

 

 

 

 

 

 

 

 

 

(4,330

)

 

 

 

 

 

 

 

 

 

 

(8,947

)

Severance associated with cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(172

)

 

 

 

 

 

 

 

 

 

 

(261

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

(3,525

)

 

 

 

 

 

 

 

 

 

 

(9,294

)

Stock warrant

 

 

 

 

 

 

 

 

 

 

(110

)

 

 

 

 

 

 

 

 

 

 

(298

)

Non-cash rent

 

 

 

 

 

 

 

 

 

 

292

 

 

 

 

 

 

 

 

 

 

 

776

 

Loss on disposal of assets

 

 

 

 

 

 

 

 

 

 

(135

)

 

 

 

 

 

 

 

 

 

 

(237

)

Interest and non-operating expenses, net

 

 

 

 

 

 

 

 

 

 

(12,072

)

 

 

 

 

 

 

 

 

 

 

(27,033

)

Earnings before income taxes

 

 

 

 

 

 

 

 

$

 

6,052

 

 

 

 

 

 

 

 

 

$

 

10,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition and integration, net

$

 

5,737

 

 

$

 

3,578

 

 

$

 

9,315

 

$

 

7,798

 

 

$

 

5,357

 

 

$

 

13,155

 

Restructuring and asset impairment, net

 

 

41

 

 

 

 

(131

)

 

 

 

(90

)

 

 

(3,564

)

 

 

 

3,106

 

 

 

 

(458

)

Depreciation and amortization

 

 

13,769

 

 

 

 

14,107

 

 

 

 

27,876

 

 

 

31,860

 

 

 

 

32,859

 

 

 

 

64,719

 

Purchases of property and equipment

 

 

9,995

 

 

 

 

9,591

 

 

 

 

19,586

 

 

 

23,749

 

 

 

 

27,430

 

 

 

 

51,179

 

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.

 

12 Weeks Ended July 13, 2024

 

28 Weeks Ended July 13, 2024

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

Wholesale

 

 

Retail

 

 

Total

 

Net sales (including inter-segment sales)

$

 

1,836,860

 

 

$

 

676,628

 

 

$

 

2,513,488

 

$

 

4,185,246

 

 

$

 

1,469,461

 

 

$

 

5,654,707

 

Elimination of inter-segment sales

 

 

(282,232

)

 

 

 

(500

)

 

 

 

(282,732

)

 

 

(616,597

)

 

 

 

(1,091

)

 

 

 

(617,688

)

Total consolidated net sales

 

 

1,554,628

 

 

 

 

676,128

 

 

 

 

2,230,756

 

 

 

3,568,649

 

 

 

 

1,468,370

 

 

 

 

5,037,019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (a):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

1,376,353

 

 

 

 

499,891

 

 

 

 

1,876,244

 

 

 

3,151,829

 

 

 

 

1,088,314

 

 

 

 

4,240,143

 

Selling, general and administrative

 

 

137,254

 

 

 

 

152,752

 

 

 

 

290,006

 

 

 

318,173

 

 

 

 

339,302

 

 

 

 

657,475

 

Segment adjusted EBITDA

 

 

41,021

 

 

 

 

23,485

 

 

 

 

64,506

 

 

 

98,647

 

 

 

 

40,754

 

 

 

 

139,401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIFO expense

 

 

 

 

 

 

 

 

 

 

(1,509

)

 

 

 

 

 

 

 

 

 

 

(3,529

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

(23,342

)

 

 

 

 

 

 

 

 

 

 

(53,988

)

Acquisition and integration, net

 

 

 

 

 

 

 

 

 

 

(2,613

)

 

 

 

 

 

 

 

 

 

 

(2,940

)

Restructuring and asset impairment, net

 

 

 

 

 

 

 

 

 

 

(6,107

)

 

 

 

 

 

 

 

 

 

 

(11,875

)

Cloud computing amortization

 

 

 

 

 

 

 

 

 

 

(1,840

)

 

 

 

 

 

 

 

 

 

 

(3,858

)

Organizational realignment, net

 

 

 

 

 

 

 

 

 

 

(1,369

)

 

 

 

 

 

 

 

 

 

 

(1,675

)

Severance associated with cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(72

)

 

 

 

 

 

 

 

 

 

 

(141

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

(1,900

)

 

 

 

 

 

 

 

 

 

 

(5,620

)

Stock warrant

 

 

 

 

 

 

 

 

 

 

(190

)

 

 

 

 

 

 

 

 

 

 

(516

)

Non-cash rent

 

 

 

 

 

 

 

 

 

 

725

 

 

 

 

 

 

 

 

 

 

 

1,626

 

Loss on disposal of assets

 

 

 

 

 

 

 

 

 

 

(64

)

 

 

 

 

 

 

 

 

 

 

(44

)

Postretirement plan amendment and settlement

 

 

 

 

 

 

 

 

 

 

(99

)

 

 

 

 

 

 

 

 

 

 

(99

)

Interest and non-operating expenses, net

 

 

 

 

 

 

 

 

 

 

(9,991

)

 

 

 

 

 

 

 

 

 

 

(22,430

)

Earnings before income taxes

 

 

 

 

 

 

 

 

$

 

16,135

 

 

 

 

 

 

 

 

 

$

 

34,312

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition and integration, net

$

 

1,977

 

 

$

 

636

 

 

$

 

2,613

 

$

 

1,977

 

 

$

 

963

 

 

$

 

2,940

 

Restructuring and asset impairment, net

 

 

118

 

 

 

 

5,989

 

 

 

 

6,107

 

 

 

(32

)

 

 

 

11,907

 

 

 

 

11,875

 

Depreciation and amortization

 

 

12,301

 

 

 

 

11,041

 

 

 

 

23,342

 

 

 

28,379

 

 

 

 

25,609

 

 

 

 

53,988

 

Purchases of property and equipment

 

 

14,052

 

 

 

 

12,859

 

 

 

 

26,911

 

 

 

36,674

 

 

 

 

30,400

 

 

 

 

67,074

 

 

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.

 

 

 

 

 

July 12,

 

 

December 28,

 

(In thousands)

 

 

 

2025

 

 

2024

 

Total assets

 

 

 

 

 

 

 

 

 

 

Wholesale

 

 

 

$

 

1,550,539

 

 

$

 

1,576,043

 

Retail

 

 

 

 

 

1,006,970

 

 

 

 

1,026,253

 

Total

 

 

 

$

 

2,557,509

 

 

$

 

2,602,296