SpartanNash Posts 46% Profit Drop in Q2
(NASDAQ:SPTN), a major grocery wholesaler and retailer, released its second quarter results for fiscal 2025 on August 14, 2025. The big story from the release was stronger-than-expected adjusted profitability—a non-GAAP earnings per share of $0.54 beat analyst estimates of $0.50. However, revenue (GAAP) missed expectations, coming in at $2.27 billion (GAAP) versus the $2.28 billion consensus, with growth sourced mainly from recently acquired stores since organic sales volumes declined. Net earnings (GAAP) dropped sharply year over year to $6.2 million, reflecting the increased cost of acquisition integration and other one-off expenses. With the pending acquisition by C Wholesale Grocers on the horizon, the company withdrew any forward financial guidance, signaling a shift in its communication for the remainder of the year. Overall, the quarter reflected operational improvement in margins, but ongoing pressures in sales volumes, especially in core Wholesale, remained a concern.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
SpartanNash is a major supplier within the U.S. grocery supply chain, operating a dual-segment business model. Its Wholesale arm distributes products to thousands of independent grocers, large chains, and military commissaries, while its Retail segment runs nearly 200 grocery stores across ten states. The company leverages a sprawling distribution network with 18 distribution centers and a large transportation fleet, serving customers in all 50 states and several overseas locations.
Source Fool.com
