at sessions. start discussion call than event Last we be highlight a The retail and and here. with customers and Kaleigh, ceremonies, our good more Glad from you, morning, Annual and Food the customers I Expo want groups, award Michigan. Grand suppliers welcomed Solutions grocery suppliers educational to Rapids, to featured today's independent Thank and year. X,XXX month, recent everyone.
the samples, course, a some food bunch of Of complete be and without deals auctions. special export wouldn't live
team event. are XXX who own appeal our into their the to introduced new compelling products offers trends, managing tightly at budget. brand Leaning food are customer value-oriented and consumers really These
and also team After America included digital of marketing grocers, solutions, days, products, yet. an Popular leaders indulgent West ready-to-eat best hard you in thank in few work trends one media, exhibit Thank technology. and associates event meals for who the services here the a together brought including support independent and attended was elevating made and the vendors expo on grocery donation the the to incredible great All all showcased and are industry dill-flavored Michigan. grab-and-go passionate of sandwiches you huge cheese, with Expo to a then macaroni Our beverages. nonalcoholic about XX year's a experience. floor all, it Feeding we who this to whose shopping ended meal fried XX,XXX and
Notably, inflation what are win retailers into indicated income Before color and for According I XX% extremely XX% to our they to research, have than market households search we of value. overall consumers of total search home XX% seeking Food dynamics. industry over concerned increases provide year. recent jump market in heightened of compared multiple shopping our are to trends, wanted grocery our and in perceived just doing decelerated flat challenging to share XXXX. but also are lower during price not more growth have QX at U.S. sales was their of and shoppers The last results, sales are we deals. on
facing. are the those So we're market dynamics
Spartan remained years, controllables. anticipated last than few greater focused on are these headwinds the industry Although entire our NASH has the
foundation a and helping are the initiatives value. delivering of pressures ahead are offset benefits schedule. programs expected building These creating growth transformational for the long-term we Our macro
expect benefits quarters X XXXX. of run the to we $XX deliver this larger end we've million rate Specifically, in in past flowing investments by through the over year made the with more
margin I'll programs helping within platform Our now create for us X merchandising transformation. future key growth. on and capture expand the a transformation is merchandising
The first relentless We've bills help category to planning affordable. make our in program efforts enhanced ECP. grocery is or more been
remain One help of acquire rising continues price other markets leverages our ECP retail several benchmarks components independent policy commodity costs. of data customers to cost to industrial input for and This and from justification stores competitive.
they quality. I continue seek compromising on touch is want label brands. deliver own our to to are value our program second Shoppers without The seeking which the private products,
We Finest the has success seen unit premium of ongoing every grow basis penetration The of category. reason our both and dollar to Reserve gives XXX early brands that are unit in results pleased our line newest us points. own believe very potential to will up penetration with Reserve. Finest growth
program to on our want customer This I enhanced modernization program is in our value our program leverages acquisitions. our touch of success from learnings category recent third the CVP. The the store merchandising and proposition or planning, remodeling transformation our retail
a all aroma kits dedicated competitive designed bakery and baked pricing fresh with have CVP pastries artists open promotions, meal healthy with informed of blending shopper at data breads on style improved fills value Fresh and desserts, with decor showcasing to extensive and store along that freshness, markets transformation $XX aimed based a us pilot by and innovation feed solutions, competitive buys and grab-and-go with market-disruptive field produce, the is of stores. prices shoppers market a at of with expanded is family neighborhood options in enhancing This and analytics. new stores meal lower fresh market love familiar and a environment, convenience. CVP the quick Along value by refreshed differentiating about X, deli and our with insights fresh-cut
more are fact, value more shoppers today. stores than In our lowering of X,XXX This initial items. prices the that are seeking provides
remodeled doing at with CVP prices, expected early emphasis excited on more double-digit but higher greater Consistent the Although fresh, which margin. about and profit to are process, is CVP volume other we stores, the the lower of has a so deliver results project. in we're initial growth,
we look to on To not providing and control renovation we forward updates Going still are inform broader what can focused and we CVP program, in forward, once start recap, standing will this our a we rollout. environment. retail
While are initiatives long-term strategic the us are our helping greater challenging expected, than the offset headwinds market conditions.
gears to Shifting recap second quarter. the
decreased billion. Our to net sales X.X% $X.XX
quarters which channel some accounts the driver to growth wholesale past national channel Our compared of over by year. within This Amazon. was when the has helped the of segment. the decrease, this Conversely, biggest largely offset is XX pressure prior military the impacted grown
macro the performance of store down are Michigan we with pressures retail side, the were upmarket sales pleased faced, our On comparable we our Despite stores. X.X%. the
revenue. In premium business, $XXX stores, is banner newly expected which Metcalfe addition, the acquired add in consists annual to million of high-volume
the framework our we that As us a an active wholesale is serviced by now and our were Metcalfe another more This that added previously of and working are confidence distributor serviced M&A in by benefit, are stores acquisition retail gives successful segments. pipeline SpartanNash. seeing both opportunities inorganic
profitability. to Turning
adjusted slightly from to EBITDA decreased QX million. prior $XX.X year Our
the half XXXX. half that maintaining expect support made or of were initiatives capture transformational investments EBITDA in margin declining. the while We first the end first will for the adjusted we by our the we industry the year, of grew others Notably, of from in to year benefit the
quarterly value. to are heartfelt I to thanks them our extend want driving turn I'll ingenuity commitment Before to Jason, a mission you creating steadfast now in delivering dedication financials better an all. for shareholder of and over is our the will ingredients I and associates. that, the Thank for talented results team. to I detail. their turn With to It who to over call honor want our advancing the the life. Jason, thank lead through Their greater to this walk call
