SpartanNash Sees Decreased Sales as Amazon Business Struggles
November 14, 2023
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SPARTANNASH ($NASDAQ:SPTN): For the past few quarters, SpartanNash has been struggling to keep up with the competition from Amazon, leading to a drop in sales and profits. The company supplies products to military commissaries and exchanges, independent grocers, mass merchandisers, discount retailers and convenience stores. It also operates its own retail stores, pharmacies and fuel centers.
Despite operating in an industry that has grown increasingly competitive, SpartanNash has managed to remain profitable and has seen steady growth over the years. Recently, however, the company has seen a decline in sales due to its struggles with Amazon.
Stock Price
On Friday, SPARTANNASH COMPANY‘s stock opened at $21.7 and closed at $21.9, up by 1.3% from last closing price of 21.6. The company has seen a decrease in sales as Amazon Business struggles to compete with other retailers. SPARTANNASH has been affected by this and has taken a hit in its sales and profits. This has been seen in the company’s financial reports which show a decline in revenue and earnings.
Despite the decrease in business, SPARTANNASH has remained resilient and has continued to operate efficiently to stay competitive in the industry. The company is looking at ways to increase their sales and profits in the current market conditions. As the competition continues, SPARTANNASH must remain proactive in order to maintain their success in the long term. Live Quote…
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% |
Analysis
GoodWhale has come to the conclusion that SPARTANNASH COMPANY is a strong asset, with a good dividend and a medium level of profitability. On the Star Chart, it is shown to be weak in growth. Further analysis has revealed that SPARTANNASH COMPANY has a high health score of 8/10, indicating its ability to withstand any crisis without the risk of bankruptcy. We have concluded that SPARTANNASH COMPANY falls into the ‘cow’ category, meaning it has a track record of providing consistent and sustainable dividends. Given the stability of the company, investors who are looking for a steady income may be interested in investing in SPARTANNASH COMPANY. Those who prioritize capital growth may be less interested in the company given its weak growth indicators. More…
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
SpartanNash is a publicly-traded grocery retailer and distributor operating in the United States and Canada. Recently, the company has seen its sales decline due to weak performance in its Amazon business. Investors should take note of this development and be aware of the potential impact it could have on the company’s performance in the future.
Overall, the outlook for SpartanNash is uncertain at this time, with the company continuing to face competitive pressures and a weak Amazon business. Nevertheless, investors should keep a close eye on the company’s financial performance to assess whether its strategic initiatives are succeeding in generating long-term returns for shareholders.
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