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SpartanNash (formerly Spartan Stores, Nash Finch) is an American food distributor and grocery store retailer headquartered in Byron Center, Michigan. The company's core businesses include distributing food to independent grocers, military commissaries, and corporate-owned retail stores in 44 states, Europe, Latin America, and the Middle East.
In 2013, Spartan Stores and Nash Finch merged and formed SpartanNash company. The official name change was to occur May 2014, while continuing to operate as Spartan Stores, Nash Finch and MDV in their prior markets. Under terms of the $1.3 billion deal, each Nash share would convert to 1.2 shares of Spartan Stock.
The company was acquired by Spartan Stores in August 2000. At the time of the merger with Spartan, the company operated 47 Food Town supermarkets and 26 The Pharm deep-discount drugstores. In 2003 Spartan Stores sold or closed all 39 of the Food Town stores. See also. Rich Iott - CEO of the family firm at the time of its merger
Spartan Stores (SPTN) delivered earnings and revenue surprises of 13.79% and 6.78%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Margins matter. The more Spartan Stores (NAS: SPTN) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
Spartan Stores (SPTN) delivered earnings and revenue surprises of 1.89% and -1.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
At this point, Spartan also began rebranding Glen's stores to Family Fare. The first to change over was the Midland store, also a former Ashcraft's, in 2010. [7] Throughout 2013 and 2014, Glen's locations increasingly converted to Family Fare, ending with Frankfort and Sault Ste. Marie . [8]
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