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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.
Nash Finch Company, headquartered in Edina, Minnesota (a Minneapolis suburb), was the second largest publicly traded wholesale food distributor in the United States, in terms of revenue, serving the retail grocery industry and the military commissary and exchange systems. Annual sales were approximately $5.21 billion.
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Glen's Markets. Glen's Markets was an American supermarket chain founded in Gaylord, Michigan in 1951. The chain had over 20 stores throughout northern Michigan at its peak. It was a subsidiary of SpartanNash, who converted most of the chain's locations to its Family Fare banner between 2010 and 2014.
Spartan Stores (SPTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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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?