SpartanNash — Q1 2022 Earnings Presentation
13 slides from SpartanNash's earnings presentation, Jun 2, 2022
Slide 1: Fiscal 2022 1st Quarter Earnings Release
Fiscal 2022 1st Quarter Earnings Release June 2, 2022
Slide 2: General Disclaimer
General Disclaimer Forward-Looking Statements The matters discussed in this presentation include "forward-looking statements" about the plans, strategies, objectives, goals or expectations of the Company. These forward-looking statements are identifiable by words or phrases indicating that the Compa
Slide 3: A Fast Start to Fiscal 2022 – First Quarter Results
A Fast Start to Fiscal 2022 – First Quarter Results $2.8 Billion +7.2% Net Sales Retail Comparable +4.0% vs. Q1’21 Store Sales 16.3% $30.3 Million Gross Margin Adj. Earnings from Cont. Ops +60bps vs. Q1’21 $0.83 per Diluted Share* $19.3 Million $76.6 Million Net Earnings Adjusted EBITDA* $0.53 per D
Slide 4: Our Refreshed Winning Recipe Defines Who We Are
Our Refreshed Winning Recipe Defines Who We Are Mission We Deliver the Ingredients for a Better Life Signature Customer-Focused Innovation Strength Wholesale Core People | Operational Excellence | Insights that Drive Capabilities Solutions We Serve | Values We Create Solutions | We Win | We Have Fun
Slide 5: Delivering on Our Strategic Priorities
Delivering on Our Strategic Priorities… 1 Create a People First Culture to Make Us the Employer of Choice 2020-2022 Turnaround Executing 2 Deliver on the Promise to Transform the Supply Chain 3 Elevate Execution to Win the Day Driving Growth Strategy 2022 and Beyond 4 Act on Insights to Optimize Pro
Slide 6: ... And Driving Meaningful Improvements in KPI's
... And Driving Meaningful Improvements in KPI’s +301bps Q1 2022 Military Segment Gross Margin vs. 2019 ~7% Throughput Achieved 1.6% Q1 2022 Military Segment Adj. EBITDA Margin* vs. Target Turnaround of 1.00% ~$15mm +206bps Realized Run-Rate Cost Gross Margin Savings in Q1 Expansion since 2019 Leadi
Slide 7: Raised Guidance for Fiscal 2022
Raised Guidance for Fiscal 2022 Net Sales Adjusted EBITDA Adjusted EPS $9.0 - $9.3 Billion $224 - $239 Million $2.17 - $2.32 vs. Previous Guidance(1) of vs. Previous Guidance(1) of vs. Previous Guidance(1) of $8.9 - $9.1 Billion $214 - $229 Million $2.10 - $2.25 (1) Previous guidance provided on Feb
Slide 8: Long-Term Financial Targets
Long-Term Financial Targets 2025 Outlook $10bn+ $300mm+ 3% Net Sales Adj. EBITDA Adj. EBITDA Margin 12% growth from 2021 at 3% CAGR 40% increase from 2021 at 9% CAGR* 25% increase from 2021* Note: This page presents the Company’s long-term targets for fiscal 2025. * See the Appendix for reconciliati
Slide 9: Appendix
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Slide 10: Q1 2022 Adj. EBITDA
Q1 2022 Adj. EBITDA 16 Weeks Ended April 23, 2022 April 24, 2021 per diluted per diluted (In thousands, except per share amounts) Earnings share Earnings share Net earnings $ 19,289 $ 0.53 $ 19,516 $ 0.54 Adjustments: LIFO expense 10,187 1,655 Acquisition and integration 239 59 Restructuring and ass
Slide 11: 2019 – 2021 Adj. EBITDA
2019 – 2021 Adj. EBITDA 2021 2020 2019 (In thousands) (52 Weeks) (53 Weeks) (52 Weeks) Net earnings $ 73,751 $ 75,914 $ 5,742 Loss from discontinued operations, net of tax — — 175 Income tax expense (benefit) 24,906 9,450 (2,342 Other expenses, net 13,543 17,042 53,367 Operating earnings (loss) 112,
Slide 12: Q1 2022 Adj. Earnings from Continuing Operations
Q1 2022 Adj. Earnings from Continuing Operations 16 Weeks Ended April 23, 2022 April 24, 2021 per diluted per diluted (In thousands, except per share amounts) Earnings share Earnings share Net earnings $ 19,289 $ 0.53 $ 19,516 $ 0.54 Adjustments: LIFO expense 10,187 1,655 Acquisition and integration
Slide 13: Updated 2022 Guidance vs. Previous 2022 Guidance
Updated 2022 Guidance vs. Previous 2022 Guidance Previous Full Year 2022 Outlook Updated Full Year 2022 Outlook Low High Low High Total net sales (millions) $ 8,900 $ 9,100 $ 9,000 $ 9,300 Segment sales % increase (decrease) Retail comp sales 0.0% 2.0% 1.0% 3.0% Food Distribution sales 2.0% 4.0% 3.0