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SpartanNash announces third quarter fiscal 2018 financial results

SpartanNash Company reported financial results for the 12-week third quarter and 40-week period ended October 6, 2018.

“We continued to make good progress on our strategic business objectives during the third quarter with particular strength in our food distribution segment sales where we benefited from retention in our core customer base and expanded business with key customers,” said David Staples, President and Chief Executive Officer. “We continue to work diligently to address the industry challenges that face the company and are pleased to have generated new business wins across our food distribution and military segments that are expected to commence in the mid to late fourth quarter, with the majority of the benefits to be realized in 2019. In addition to these top line wins, I am excited to announce that we have partnered with a third party advisory firm to begin a company-wide initiative designed to transform our culture, empowering associates at all levels to drive substantial ongoing, sustainable improvements to our business processes and results. This initiative is intended to position the Company to take full advantage of the opportunities we expect to see over the next one to two years.” …

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