SpartanNash’s 2Q Sales Down 3.6%

SpartanNash said the decrease in net sales was due to the prior year's increased consumer demand related to the COVID-19 pandemic.
SPTN

On Wednesday, grocery retailer and distributor SpartanNash (Nasdaq: SPTN), which is based in Grand Rapids, Michigan, posted second-quarter net sales of $2.1 billion, which was down 3.6% from the same quarter a year ago.

The company said the decrease in net sales was due to the prior year’s increased consumer demand related to the COVID-19 pandemic.

Gross profit for the second quarter was $333 million, or 15.8% of net sales, compared to $338 million, or 15.5% of net sales, in the prior year quarter.

“I am pleased to report strong second quarter results, in spite of continued labor and supply chain headwinds that have been observed throughout the industry,” said SpartanNash President and CEO Tony Sarsam. “Our associates again rose to the challenge to best support both our wholesale customers and communities we serve.”

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