SpartanNash Company (NASDAQ:SPTN) Q2 2019 Earnings Conference Call Transcript

Aug 15, 2019 • 08:00 am ET


SpartanNash Company (NASDAQ:SPTN) Q2 2019 Earnings Conference Call Transcript


Loading Event

Loading Transcript


Good day and welcome to the SpartanNash Company Second Quarter 2019 Earnings Call and Webcast. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Ms. Katie Turner, Managing Director. Please go ahead, ma'am.

Katie Turner

Thanks, good morning, and welcome to the SpartanNash Company's second quarter fiscal 2019 earnings conference call. On the call today from the Company are, Dennis Eidson, Chairman and Interim President and Chief Executive Officer; and Mark Shamber, Executive Vice President and Chief Financial Officer.

By now, everyone should have access to the earnings release, which was issued yesterday at approximately 4:00 or 5:00 PM Eastern Time. For a copy of the release, please visit SpartanNash's website at This call is being recorded and a replay will be available on the Company's website for approximately 10 days.

Before we begin, we'd like to remind everyone that comments made by management during today's call will contain forward-looking statements. These forward-looking statements discuss plans, expectations, estimates and projections that may involve significant risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements. Internal and external factors that may cause such differences, include among others, competitive pressures amongst food, retail and distribution companies; the uncertainties inherent in implementing strategic plans and integrating operations and general economic and market conditions. Additional information about the risk factors and uncertainties associated with SpartanNash's forward-looking statements can be found in the Company's earnings release, most recent annual report on Form 10-K and then in the Company's other filings with the SEC. Because of these risks and uncertainties, investors should not place undue reliance on any forward-looking statements. SpartanNash disclaims any intention or obligation to update or revise any forward-looking statements.

This presentation includes certain non-GAAP measures and comparable period measures to provide investors with useful information about the Company's financial performance. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure and other information as required by Regulation G is included in the Company's earnings release, which was issued yesterday.

And it's now my pleasure to turn the call over to Dennis.

Dennis Eidson

Thanks, Katie. Good morning, everyone, and thank you for joining us today. It's nice to be speaking with many of you again as the Interim President and CEO. I want to take the opportunity to address our leadership transition, and also provide an update of our strategies to sustain our top line growth, while improving our profitability in the long run. Mark will then provide some additional detail on the second quarter financial performance and then we'll open up the call for your questions.

First, on behalf of the Board and the entire SpartanNash team, I personally like to thank Dave Staples for his contributions throughout his tenure at the Company. Since joining SpartanNash in 2000, Dave has presided over numerous successful business initiatives and was instrumental in driving growth across our business and we wish Dave the best in the future.