SPTN - Earnings call transcript Q1 2024

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Operator

Welcome to the SpartanNash First Quarter 2024 Earnings Conference Call. [Operator Instructions]

I would like to now turn the call over to Doug Cooper from [ Rosen ] Company, who is assisting while Kayleigh Campbell, SpartanNash Head of Investor Relations, is out on maternity leave. Doug?

Unknown Executive

Thank you, and good morning.

from Sarsam; is and and Officer, Monaco. today Executive and Chief call Jason Tony Officer, Executive the the President company Chief Financial On Vice President which have a.m. X:XX the By at access everyone this morning should earnings now, release, was issued approximately to Time. Eastern

presentation, of call earnings is be and replay visit For being company's a well available the at will company's earnings recorded, the copy SpartanNash's website. on as website release as supplemental please This the www.spartannash.com/investors. a

like subject to to include that would you risks Before that forward-looking in will we company actual differ begin, uncertainties discussion remind a expressed those statements. the today's the results and from cause could These to forward-looking of materially number statements. statements are certain

morning filings, the most materially statements. could to If you will from will refer you cause results forward-looking to of this well recent the company's as SpartanNash factors SEC differ a these from earnings discussion see actual that company's as release

included of reconciliation can on be current today the release earnings comparable make with which measures financial on a Please remember revise most these growth The will believes statements. GAAP certain company that references our investors update it The to no these all measures has found useful and website made non-GAAP the full measures underlying company forward-looking in or number forward-looking of reflect business. undertakes perspective obligation trends www.spartannash.com/investors. at the And provide of to SpartanNash SpartanNash's the non-GAAP expectations measures. financial to statements of only,

now the it call my is over turn to Tony. And pleasure to

Tony Sarsam

to and military by our families the commissaries recognition country. of we everyone. our Glad of around the to week, giving them ultimate protect the privilege by morning, home thanks providing with members be Memorial of at taste exchanges world. I'd made serving At heroes a have sacrifice SpartanNash, of and who service In this the Doug, here. you, good Thank to Day earlier start like to

brings markets indoor is X-store we acquisition family. the fourth-generation also other significant to associates foods welcome strengthens our markets that high-level family-owned and for that is a The weekend. for is who Day delivering the focus footprint kept also our events, products. in stock recent Memorial in service, mid-April, to Shifting to shelf like stores known past you to quality Metcalfe Metcalfe Thank associates a from chain announced local on SpartanNash premium a nearly the Metcalfe banner XXX customers. and a this surge for I'd Wisconsin. holiday retail the gears

of we their we know optimizing industry these proud company, are navigating I pathing it's the ingenuity and to adding dedication that first Whether in stores, changes welcome people-first day to best associates quarter. career the team new business report expand to It's our thanks network, and have opportunities or associates meet the a as As increased the we benefits here can and with SpartanNash. challenges. in today's the our margin I EBITDA

that the can market volumes, While SpartanNash industry experiencing to declining the we dynamics. is deliver continues despite challenging prove grocery

reach our our to off. This communicated. than paying $XXX gross out evidence the by merchandising set $XXX benefits strategic our is target million In on investments that in earlier are chain initially million of fact, end we remain year a the in transformations and to XXXX, plan of supply

to category to the the AI-powered pricing. for that in customers work software drives year. impact and benefits From we bottom that vendor engagement the sales leveraging prior and transformation, As merchandising see for planning and realized $X transformation optimize margin, in enhanced We the merchandising line. million programs the better incremental continue to compared

proposition with and profitability inflation tide within keeps communities. analytics us our that retreats. customers to customer positioned curate at loyalty the using compelling with a offer assortments connects continue improve the value of to to and our and win creating customers shelves well retail as truly We're stores Building to wholesale our

we side, while than $XX.X initiatives wholesale optimize revenue we operating transformation by chain costs results basis and contributed points by Collectively, to supply for operating our X%. the million. EBITDA points by quarter segment's our lowered by continuing and reducing our margin On where expenses to more despite margin our our wholesale XX basis stronger XX reported network, wholesale decreasing this expanded

In by offset to on due Despite that lower growth which encouraged the results. within a national remain impact. wanted Amazon represented prior provide year challenge, color this wholesale more decreased Total wholesale revenue, to accounts Amazon X.X% the headwind addition we I volume, quarter's to by our segment. to X.X% partially within sales that

We and close proximity our accelerate of to centers. opportunities market continue in enhance network to entire expansion our our service distribution model

Further, year. to to we Amazon. support This back military them into look wrap continuing more business the than to our agreement I we X% increase saw and wanted forward our the extended with To over Amazon, a supply future. revenue, wholesale up to circle prior quarter, past

overall our volume national trended continue see brands brands. shoppers While downward, we outperform label on to private

was basis our our for mainstream our portfolio, core ] penetration points our in our second offer premium departments family, own QX brand. is family, XXXX. XX by unit brands up only financed our in now fact, brand retail by #X Pression versus the to In fresh [

a and performance XXXX, [ QX, of In our by Finest in store expectations ] retail. family, exceeded center offering. both launched we premium In Reserve QX wholesale

value X ] feedback to our are with proposition We that the consumers Fare customer strengthened additional value also who June. in Family a in remodels and a We've stores positive store to stores from the strong could kicked on of quality X soon off extend locations. of them share X this seeing line. retail rate will be be revamping excited of repurchase completed [ our and We're

results, I'm and done our couldn't optimistic without face people. work of opportunities, given we of dedicated team's growth accomplished achieve ability our goals driving profitability summary, In continue to the headwinds especially we about results. the have these highly any proud we have find to

call who you the Jason, now financials I'll through walk will to greater right. quarterly in over detail. turn All the

Jason Monaco

this basis and by our These of key margin net Tony, expanding call. include: welcome successes basis joining highlight before highlights us one, results. to by our some on expanding term repurchases into investments. X EBITDA adjusted want strong points; from past margin includes detailed us Thanks, three, support jumping X to quarter the $XX everyone giving cash two, five, generating today's more million I both than maintaining four, points; dividends; million activities, organic plan shareholders $XX of share and nearly and to that liquidity, returning flexibility our strategic operating through inorganic from to and

decreased XXXX and sales of Net billion billion. versus decreased in quarter quarterly our prior to the volume X.X% The with turning in first $X.XX Now was results. sales to segments, versus line the in period the wholesale retail $X.XX changes to decline market. unit the due quarter in year

quarter from or Additionally, Amazon profit sales XX.X% first first within we our year. for prior the lap to quarter. wholesale sales the volume prior in $XXX or segment, Gross $XXX net XX.X% higher are of of million net year's was continuing million to compared

from while profit gross driven lower LIFO down reduced the Our rate benefits mentioned, were and initiative. dollars expense by slightly merchandise the transformation the realized to volume was increase due I

price mix customer reduced gross current higher the changes inflation-related change year. profit was our benefits in rate The segment wholesale in within by offset partially and

sales also by administrative from percent year. impairment year prior in basis our increased charges build Higher driven initiatives, restructuring expenses as selling, of I'll SG&A on in a later. reported asset operating rate half and which to on and expense we the and depreciation of higher the a sales, expenses The As continue led expenses general quarter. amortization transformational more increase expand as was first current and our the of increased points investments in X to

earnings recent initiatives increased transformation lower million quarter compensation. and diluted to year however, were, the prior offset or strategy million compared Interest $X.X increases prior from largely both year. compared to $XX go-to-market $X.XX benefits decreased to compared $X.X These per $X.XX ago. share basis, to last prior $XX.X increased quarter net the by realized expense million Consolidated by year million a million. the $X.X the share earnings to per incentive year to to merchandising compared compared or diluted net $X.XX to $XX.X an to adjusted year and $X.XX On million

to $X.X compared Adjusted million. EBITDA million decreased year $XX.X to quarter prior the by

EBITDA However, basis X saw even in invest an our to in continuing margin of transformational while points we expansion adjusted initiatives.

Now turning X.X% or wholesale million compared decreased Net prior year in $XX to $X the our to billion to segments. sales quarter.

driven the which merchandising from million. benefits in savings more strategy declines. and improved initiative, by $XX.X offset go-to-market year's from adjusted by in the While we're we the segment are $XX.X military. accounts was reduced million, and X.X%, EBITDA excited Amazon business of results transformation slightly The sales last growth sales changes lower Wholesale incentive other compensation, were the our by than national the ahead driving

which Wholesale year's were lower the quarter, million. to of reported the million LIFO in first from quarter $X.X operating million benefited in addition compared $XX mentioned drivers earnings prior expense to $XX.X earlier, also first

moving compared the Now the decline quarter of X.X%. $XXX in retail million to for quarter million XXXX, Sales to the of at segment. a in first $XXX came

adversely approximately for few higher quarters, impacted the by to store which sales X.X% Similar last X.X% cycle prior comparable we're declined same-store period, Our the sales quarter. quarter. first the continuing this year EBT to from benefits

EBT We're challenges. growth other despite pleased and held market that firm

due of million of GAAP to prior compared the of In in compared to to $X related in $X.X Retail or operating to year's both quarter. addition, Retail year lower first million transformational adjusted increased our XX% EBITDA XXXX. $XX.X a reported investments were prior year to year initiatives. The prior million the first quarter $X.X million was down decrease a the quarter. the of and volume the to half in fuel the compared loss sales million was $XX.X loss

the operating year. charges As prior current a the reported in both reminder, and asset restructuring include impairment and losses GAAP

Turning to our balance sheet.

cash operations compared the the by debt improved of increased points to by year prior from the Our quarter. ratio sequentially quarter in to net XX X.Xx to $XX.X quarter million long-term flows first EBITDA and adjusted basis leverage in

release, realize initiatives. our our continue we date on positive outlook As from transformational reported full year reaffirmed performance our to benefits and and earnings operating adjusted in EBITDA we guidance to based adjusted our the EPS from our

you optimizing our of the provide how centers phases procurement I focused of more processes earlier We initiatives, little EBITDA to the share. on to the in our of transformational adjusted Circling our $XXX and we distribution the wanted back per about investing waste mentioned currently color profitability they impact reducing continue still both the $X.XX expect to which range range million to EPS transformational We're product be will nonproduct of million, to $X.XX will this our I $XXX journey, stores. a and expect within year. be related investments retail our to to with in next in adjusted flow and that

the of year. investments this to guidance. While to these $XXX sales billion. initiatives we our require lowered year will million our during to second sales deliver Shifting slightly quarter, we $X.X end full by expect at benefits today, billion the range will Earlier net $X.X guidance the

of While overall declines represents on estimates the in as based well including this refreshed own our business, revision as observations our Amazon. market,

We rest are encouraged of our of potential business. growth wholesale the the by

our remain achieve profitability line, call like over that, bottom we goals. the confident to Moving back original in with turn the And to ability Tony. I'd to to our

Tony Sarsam

looking ] In Thank We're [indiscernible] to those our our partnership to boxes helping Convoy survey. meals [ you, day Jason. next [indiscernible] volunteering solutions annual of by nearly in of affected disasters. epic repairing our XXX,XXX Home hearing contain month. help hands an associates day are to team dedicated forward with

efforts. worth $X our of Some volunteers and want suppliers who products to I be to thank participating. of our million will support general XXX them nearly the doing

and contributions like service, welcome and to we the of years Nash I'm who in and close, to Stores company, finally, thanks moment college a of including support they the members, have at retiring our appreciate congratulate are to their and Throughout XXXX. [indiscernible]. Before Finch merger provided very their of summer. future I'd students board We XXX wish them guidance are to valuable endeavors. interning their Spartan in take And best through SpartanNash this SpartanNash our delighted

universities from XX the country. represents class intern year's across This

recruit It's to a develop going of and internship our is to people-first our summer. be terrific Our program top and key a culture strategy talent. component

turn like to over With call to the it that, up for operator your I'd the and back questions. open

Operator

Cerankosky Instructions] first from [Operator Chuck Our comes line Northcoast question from Research. of the

Charles Cerankosky

it go in If does as vice affect business versa, looking dollars, revenues the the and does business, margin as at the drop up -- terms, the recovers profit Amazon margin I'm the is course, how absolute of while go gross percentage it there? up

Jason Monaco

Thanks is this Jason. for question. the Chuck,

about customer a what it margin Our margin is to by us scale will our because business, course, but profile, Amazon customers a of the disclose smaller margin larger our from helps profile. and build we will larger don't it have way and a that the think customers standpoint does lower have typically

this and together supply way. both us, cost out with what along the that can so, So of does ourselves end-to-end do we between in a optimize helps it what we money -- particular, work is for chain to customer, taking doing but the the system is we where to it in out build and do and them framework builds scale that, make

Charles Cerankosky

for trying I'm just at Okay. margin but profit then goes the outlook you secondly, business the next I margin increased, gross XX does margin. wasn't give to the get us business you And could the months? they scales as dollars the the that decline do so inflation -- with more your down.

Jason Monaco

Sure.

shrinks. margin no, do sure we've or the the business or scaled with those business represents a standpoint customers. it's of small sustainable each our all got no we they're to big a want make that So from I -- as question, the first cost grows with way of not whether What business to doing customers, and of is in guess answer

is about wholesale ramp businesses across finished we've reflected ago and as products and X% inflation we low our expected. From quarter retail portfolio the we We in single-digit when inflation much it changed of on it view that our first both quarter more about of seen year and an for with inflation and we of that perspective muted nothing's kind in outlook that a the inflation down set that carry standpoint, coming maybe notably, a outlook for some reflects front. the

Operator

Our next the Slagle Alex Jefferies. question from of comes from line

Alexander Slagle

seeing picture tougher easier I look down, coming EPS, reconcile you some are previously there Or then just that there already? being you're wanted that of expected? saving make degree ask sort dynamics some the and cost on a the the the guidance guidance from bit EBITDA of profitability but upside and sales things reiterating external is with just initiatives and the than

Jason Monaco

that Yes. characterize the to really And expansion good way executing our is feel against we're way the maybe we that this gross margin programs. about

think you plan. strategic about If our long-term

that both far. improvements the and drives what bedrock operational really doing P&L. that excellence, is achieved building of against which operational real gross of that And expense that delivering we've our and we're elements was excellence through -- margin thus One operating momentum on

early in gross We to and marketplace, or of savings the benefits benefits we're got recognizing far. headwinds levered that savings right executing because we've we've built our that in expect kind but procurement thus in gross doubling our deliver on of the and now a confidence waste year around down investing further indirect

continue we characterize performance success So investing and thought, space and had as we we're wouldn't a where we've forward. it's rather we're easier continue but it muscle delivering building I to driving expect than going to that organizationally in

Alexander Slagle

release merchandising, between the have mean out the margin-enhancing given there, it maybe could you merchandising if as on like $XX supply did seem falling might initiatives, it the comment your key like press plan? And the benefit split chain, look you strategic And like an million initiatives more in of sort initial Okay. called million with And significant go-to-market? there's on if a in just earlier out of really what $XX I line is to magnitude just or you driver. acceleration in just profitability and

Jason Monaco

Sure.

-- run for that that maybe little earlier end the we the some we I'll expected what give million benefit $XX when X a before we down talked these color didn't programs million split, program. bit. but ago mentioned we benefit, maybe heavily $XX couple and you the and $XX that's on that of rate program, just we quarters achieved remainder. by that that The So little a of XXXX, we've transformation was a of about about to launched of we're said go-to-market, a of merchandising break of part probably that of It's the the million weighted more in because

Our 'XX. in 'XX, 'XX began merchandising supply in chain launched in and transformation

But substantial substantial the are it's and that journey kind of of the programs play significant a of role -- those those more savings. a So all is each of the portion X on.

Operator

Wolf next of the comes Andrew Our King. CL from from question line

Andrew Paul Wolf

the I you direct profitability waste. procurement quarter I the in wanted about will and signal by assume enough will be later. to called investing it impacted that that ask come that's meaningfully that quarter the in the a out then and this benefits

to question of -- the savings these much On same analogous procurement I the just budgeted, the to as process fundamentally it's for-sale -- got side the kind wanted follow similar business. you visible is, same up But also that just direct reconfirm non-saleable you the the process feel is is procurement that. of generating in are whatever that to the highly of enough sort or to process pretty of

Tony Sarsam

investments the particularly correct and will Thanks, this mentioned. and the benefits little year our different run into COGS business you're procure second Yes, half to And the a we about to things in and Andrew. of different next business. in supplies for the those is split programs first in the have the procurements, investment and Tony. slightly it's This ongoing and year, that investing that second be in we those coming we'll as the year purchase quarter because the of the it's relationship you indirect opposed and

doing there. program. the saw always components, opportunities, opportunities your terrific bit of work little it right, merchants, little about process that we're a always we're those opportunity think on And involve us for -- kind look the same overall. for and it's different different those approach both -- to and a bit So it's a there's sharpen as through to same and and in There's the that doesn't waste the there's excited

the be I first this benefit year. investment sort year half So of the ongoing second But of year. the mentioned, an process the of half will as big that

Andrew Paul Wolf

things And weighted that? perhaps pallets you? equipment, it I is or maybe is is the more towards it retail more think weighted Or more have indirect like -- side, heavy and to what wholesale semi procurement, disposables is which indirect or the would like be the

Tony Sarsam

mean we roughly it that business. of I follows entire business are splits our the things buy for the these because

it linearly. So impact will it roughly

Andrew Paul Wolf

is little different pretty lot could from And It's in It waste swath. reduction? just could anything be wide it it you something less is spoilage processes? [ reduction wholesale? it. a shrink and more Or a retail Got on than typical ]

Tony Sarsam

is entire supply and of the This everything thread looking with about the chain chain, shrink, original how through that. retail it all Yes. with mostly our the buy our includes -- supply pulling entirety into a process stores and from contact through we

very a about it shrink waste of comprehensive it's largely view, activities. -- So is occurs from but that type

Andrew Paul Wolf

you do on estimates you were on, get how understanding you estimates, increase Got Or customers? -- vendor you're is think also prices And let's getting the assume? if that you million probably more on wholesale the Could -- -- be stores, your on by but it. of as the you prices, you where is ask But of getting say sharper using it's your that stores? savings, raising talk that you you that? I help prices get elasticity based get. something and where $X better feedback mentioned can with something -- if sharper and on the if Then so on not retail happening? it's pretty for quick whether pricing doing retail -- at that you're algorithms you're is about some software Is right wholesale, helpful. I That's you're I to AI velocities where engagement on

Jason Monaco

retail question. little was of describe customer Yes. pricing market And a as KPIs to on and a tool that space. we maybe really We pricing in them. or perception only a color. we key retailers this our develop part is Andrew, And to it recognize items competitive strategy. as our important fair to that bit This going value perception of many of based is use And referred great shape there.

kind weekly. is So look to more build little the at we're we competition a doing from our as what granularity take standpoint, of a

the where you where described, ensure analytics and we're what meets to price and is We that giving elasticity, and very we consumers and understanding pocket looks like, solution meet way market understand are best book they them them competitive things consumer journey. the leverage in their the like in that a

Andrew Paul Wolf

Okay.

category you strong So of raising I side perhaps where go consumer that's example would and is thinking item your the good flip lower good right? Am quite up. this might about guess for my -- for velocity the because prices -- is less and I the of the prices or

Jason Monaco

about not a it may about the the what know supply on are consumers the retail instances is pricing but or more really that an store But competitive develop prices really on where we end think products. in that looking down, optimization you marketplace. reflect market strategy, as the should we of from today's those the choice macro demand think we perception demand in and that as Yes, micro, back just and for of looks and be go there but realities, standpoint the value and up in it they of important like driver each consumer

do shelf the the drive And profile. best and to strategically looking top what means executing to that, bottom, priced to price to point kind of we're through thread being the ensure at the optimize demand way that right competitively runs from consumers that all strategy for both is to

Operator

comes the Our Markets. from from line next of BMO Capital Ben question Wood

Benjamin Wood

or volume competitive wanted maybe like major can promotional on what touch quarter-to-date? announcing I grocers you broadly, seeing and to price environment more And through and during customers quarter investments. just you're us trended the how major then are talk the seems

what you're change there rest any So the the and for outlook year? seeing of impact to any to your

Jason Monaco

wind comps light were of comp the the were think the talked situation, We've you X.X%. they finished here. about -- When dynamics the within quarter a about play shed about on the down at maybe in that little Yes, quarter the Michigan great question. our particularly down And impact past SNAP some the the XXXX. I of before think heavy pretty about unwind had the of comps. of that X.X% And on -- with March we've what EBT, in benefits were the impact, ended timing, an SNAP that at an of talked in adverse programs about

lapping so improvement comps of in been we intra phasing as benefit lapping SNAP we ended from So that the we've March, quarter. an saw standpoint, in an -- exited kind order as

I all remind Now are past. don't to our winter in the snowbelt you need And had in the other same stores the overlay that Midwest. probably here snowfall this is We Upper have live but didn't the we've in weather. the

a winter, fact, business. dry had In snowfall we and and relatively quite our warm drives retail revenue in

So impact a roughly more speaking, weather but not probably scientific, was comps. it's point, perfectly one quarter of speaking, this than drag roughly the on point about little maybe one our

of So got the you what of EBT drag is one. quarter on you've that when And and the snow within of the get that bit phasing you're looks and the trying comp to reason I color gives X.X share steady-state little like. kind have the a the of to

recognize got or the and what programs like. look but really supplemental be at for programs. isn't outlook our we've we're of standpoint year it's weather that from changed we our obviously, clear whether weather, it initiatives externalities also past winter that government So this But the whether play,

mean our but obviously and optimization what We pricing pricing just that about talked is label, Looking making and consumers I is we sure And by meet challenging environment. to that retail doing about -- in we're penetration they're say what and but I not done, promotion, but earlier, Tony where forward, at. talk basis price still when private just we're a proud family, that's points a which off improved heard you in offering been fantastic work our very the this not XX and finest of start. is own reserve quarter, our brand

they're to a trying visits offering up stores at, many shelf what is make standpoint, our from to to the encourage competitively as possible. many priced consumers and off items them and them So as where do give we're meet pick our

Benjamin Wood

That's seeing up only step-up invest on the vendor guys just at at retailers needing but on helpful. price? know are your are not Or the in seeing of side contribution? price, were vendors wholesale. sharper getting promotion that, fund their but you willingness mentioned stepping to your I are to you And Are you retail that this? in you

Tony Sarsam

work this Yes. had That's linked in did volume closer precisely the overall a closer last first part of all then this first of year so correct. the And pretty we part, vendor effort on pricing to significantly sort we to versus but of year quarter we participation versus to that and year, in that's XXs definitely broader total that's better a our mechanism. last sort through year as went quarter XX% on last hit promotional actually

Benjamin Wood

And XX% to more or yet to to back Are XX% levels? that we pre-COVID relate some how does room still go?

Jason Monaco

-- Yes, pretty seeing is Ben, we're promoted. category which a we're a are standpoint, levels. where on we're year-over-year seeing The cadence from and changes pre-COVID although I stable similar would things say pretty to close we're basis, increase products a some in where

the heaviest it for areas that there the to about frozen are are promotional looking way think changes the kind categories of kind that's comes consumers and when back So like seeing product you goods the consumer of all solutions.

category their food. trade standpoint. solutions where frozen a And include may categories a pocketbook And in an tight, environment mean from down that those there's gets those

restaurants a be in prepared to you deli, was So -- down prepared frozen meals prepared may stepping from someone a good. deli in meal who's buying down our maybe to in stepping a our

And also are change in being the impacted. categories so you're seeing that that

Operator

from the Saleh of comes from question next line Peter Our BTIG.

Peter Saleh

what seeing bit gave the little that guys appreciate provided the on was of can more you Great. pharmacy, in give there but on GLP-Xs? pharmacy us you you a color benefit and past think guys you're in the breakdown retail have I out the EBT, I a weather quarters. with the color from

more color us you little bit a Just give wondering can that? on

Jason Monaco

was tailwind Yes, X%. Pete, a under it's of -- it just

impact headwind continue strong little as tailwind the GLP-Xs than continues be what as from but less the so of year, to we an quite weather. last not strong And a

Peter Saleh

goods? can anything these customers and actually terms These across glean Understood. or that your Anything how of to within those their in we read is of customers -- there the medications there. And performing basket are stores? are they're buying buying what

Tony Sarsam

think you but it have But on -- our not thorough we great [indiscernible] pharmacy don't the is we on a it's lift in Pete, it's are Jason for -- and tailwind as overall, I mentioned story sorry. seeing margin that it's that, -- data still. that revenue know,

Peter Saleh

mentioned a for then should think down how And this basis? to that year? of bottom? out thoughts on lastly, you Is do any Is start on the be balance kind Amazon of which any help there the would modeling like Understood. Just see we any feel this quarter. of run kind think that that I we about on good or X.X% just helpful. an you a was Should percentage on rate -- the business, is that improvement

Tony Sarsam

just was to see clear, quite range. that, we'll down this were will drag -- more a the negative year. sort overlaps of And in bit There the percent They X.X%. wholesale down be XX-ish than the business in to Yes. in be of the for duration Amazon of entire more our --

Operator

are closing call There no for remarks. at this back other over Tony will questions time. turn now to I the Sarsam

Tony Sarsam

to all with good pleasant to very call. much, everybody, thank you, SpartanNash. appreciate We certainly yours, and your today's in participation thank from for wish our you All your that, a like very family Well, right. day. we'd And you on interest

Operator

today's you for conference call. concludes This attending. Thank

SpartanNash (SPTN) 30 May 242024 Q1 Earnings call transcript