SPARTANNASH COMPANY Reports USD 2312.4 Million in Revenue for Q2 2023 with 20.5% Decrease YoY
August 30, 2023
🌥️Earnings Overview
For the quarter ending June 30th 2023, SPARTANNASH COMPANY ($NASDAQ:SPTN) reported total revenue of USD 2312.4 million, a decrease of 20.5% from the same quarter in the previous fiscal year. Net income for the quarter was USD 19.5 million, a rise of 71.7% compared to the corresponding quarter of FY2022.
Analysis
GoodWhale conducted an analysis to evaluate the fundamentals of SPARTANNASH COMPANY. The Star Chart assigned to SPARTANNASH COMPANY showed strength in asset, dividend, and medium in profitability while it was weak in growth. Furthermore, the company had a high health score of 8/10 with regard to its cashflows and debt, which is an indication that it is capable to safely ride out any crisis without the risk of bankruptcy. Based on the analysis, we classify SPARTANNASH COMPANY as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This type of company may attract investors who are looking for long-term investments for sustained returns. Dividend-paying companies tend to provide higher returns over other forms of investments since they are less volatile. With the track record of SPARTANNASH COMPANY, investors may expect a steady income over long-term investments. Therefore, SPARTANNASH COMPANY may be attractive to dividend investors who are looking for consistent and safe returns in the stock market. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spartannash Company. More…
| Total Revenues | Net Income | Net Margin |
| 9.83k | 40.57 | 0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spartannash Company. More…
| Operations | Investing | Financing |
| 131.49 | -107.3 | -28.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spartannash Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.33k | 1.56k | 22.2 |
Key Ratios Snapshot
Some of the financial key ratios for Spartannash Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.8% | -4.7% | 0.9% |
| FCF Margin | ROE | ROA |
| 0.2% | 7.4% | 2.5% |
Peers
The company operates in the United States and Canada. The company’s competitors include Metcash Ltd, Amcon Distributing Co, and United Natural Foods Inc.
– Metcash Ltd ($ASX:MTS)
Metcash Ltd is a food and grocery distributor in Australia. The company has a market cap of 3.8B as of 2022 and a Return on Equity of 21.5%. Metcash Ltd distributes food and grocery products to independent retailers in Australia. The company offers a range of products including groceries, fresh food, alcohol, and general merchandise. Metcash Ltd also provides logistics and supply chain management services to its customers.
– Amcon Distributing Co ($NYSEAM:DIT)
Amcon Distributing Company is a wholesale distributor of consumer products, including cigarettes, cigars, and other tobacco products; foodservice equipment and supplies; and janitorial, sanitation, and paper products. The company operates in three segments: Cigarettes and Tobacco Products, Foodservice Equipment and Supplies, and Janitorial, Sanitation, and Paper Products. It distributes its products through a network of distribution centers and sales offices in the United States.
– United Natural Foods Inc ($NYSE:UNFI)
UNFI is a leading distributor of natural, organic, and specialty foods in the United States and Canada. The company has a market cap of 2.65B as of 2022 and a ROE of 16.04%. UNFI is a publicly traded company on the Nasdaq Stock Market and is headquartered in Providence, Rhode Island.
Summary
Investors may want to consider investing in SPARTANNASH COMPANY as they reported total revenue of USD 2312.4 million for the quarter ending June 30th 2023, which is a decrease of 20.5% from the same quarter in the previous year. On the other hand, net income was USD 19.5 million, showing an impressive 71.7 % increase compared to the same quarter in FY2022. This marks a positive trend for the company and could be seen as a potential investment opportunity.
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