SpartanNash — Q3 2022 Earnings Presentation
13 slides from SpartanNash's earnings presentation, Nov 9, 2022
Slide 1: Fiscal 2022 3rd Quarter Earnings Release
Fiscal 2022 3rd Quarter Earnings Release November 9, 2022
Slide 2: General Disclaimer
General Disclaimer Forward-Looking Statements The matters discussed in this presentation and in the Company's website-accessible conference calls with analysts and investor presentations include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended,
Slide 3: Our Refreshed Winning Recipe Defines Who We Are
Our Refreshed Winning Recipe Defines Who We Are We Deliver the Ingredients Mission for a Better Life Signature Customer-Focused Innovation Strength Core People | Operational Wholesale Excellence | Insights that Drive Capabilities Solutions We Serve | Values We Create Solutions | We Win | We Have Fun
Slide 4: Delivering on Our Strategic Priorities
Delivering on Our Strategic Priorities 1 Create a People First Culture to Make Us the Employer of Choice Turnaround 2020-2022 Executing 2 Deliver on the Promise to Transform the Supply Chain Driving Growth Strategy 3 Elevate Execution to Win the Day 2022 and Beyond 4 Act on Insights to Optimize Prod
Slide 5: Operating Segment Change
Operating Segment Change(1) WHOLESALE RETAIL The change in segments better reflects… • The Company’s updated organization structure • How the Company reviews its performance and allocates resources (1) The Company has recast certain financial information for the comparative prior-year periods within
Slide 6: Strong 3rd Quarter Results
Strong 3rd Quarter Results $2.3 Billion +8.0% Net Sales Retail Comparable +10.8% vs. Q3’21 Store Sales $24 Million 8.5% in Run Rate Cost Savings Improvement in Wholesale from Supply Chain Throughput Rate YOY Transformation $9.5 Million $57.3 Million Net Earnings Adjusted EBITDA(1) +11.3% vs. Q3’21 (
Slide 7: Fiscal 2022 Guidance Raise
Fiscal 2022 Guidance Raise Net Sales (Billions) Adjusted EBITDA (Millions) +7% $9.5 +12% $237 to $9.7 to $242 $227 $9.3 to $240 to $9.6 $8.9 $214 2022 2022 2022 2022 Prior Current Prior Current Guidance Guidance Guidance Guidance 2021 Range Range 2021(1) Range Range (1) A reconciliation of net earni
Slide 8: Long-Term Goals: Accelerating Growth
Long-Term Goals: Accelerating Growth 2025 Outlook $10B+ $300mm+ Net Sales Adjusted EBITDA 12% GROWTH FROM 2021 40% INCREASE FROM 2021 AT 3% CAGR AT 9% CAGR 1 $1B sales growth from share gains and continued expansion into value-add offerings Incremental adjusted EBITDA through margin-enhancing innova
Slide 9: Appendix
Appendix
Slide 10: Net Earnings to Adjusted EBITDA Reconciliation
Net Earnings to Adjusted EBITDA Reconciliation 10
Slide 11: Wholesale Net Sales & Operating Earnings to Adjusted EBITDA Reconciliation
Wholesale Net Sales & Operating Earnings to Adjusted EBITDA Reconciliation 11
Slide 12: Updated 2022 Guidance vs. Previous 2022 Guidance
Updated 2022 Guidance vs. Previous 2022 Guidance (1) *Prior guidance has been recast due to the combination of the previous Food Distribution and Military operating segments into the Wholesale operating segment.
Slide 13: Key Metrics Glossary
Key Metrics Glossary On-Time Delivery: Percentage of orders delivered on time Throughput (Rate): Unit volume shipped per labor unit utilized Fill Rate: Percentage of customer order quantities filled