SpartanNash Company (NASDAQ:SPTN) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 08:00 am ET


SpartanNash Company (NASDAQ:SPTN) Q3 2019 Earnings Conference Call - Final Transcript


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Good morning and welcome to SpartanNash Company's Third Quarter 2019 Earnings Call and Webcast. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [Operator Instructions]

I would like to turn the conference over to introduce Ms. Cathy Turner Managing Director please go ahead.

Cathy Turner

Thanks good morning and welcome to SpartanNash Company's third quarter fiscal 2019 earnings conference call. On today's call 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 4:30 PM Eastern Time. For a copy of the earnings release please visit SpartanNash 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 other filings with the SEC. Because of these risks and uncertainties Investors should not place undue risk and then any forward-looking statements. Spartan asset claims 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

Great, Katie. Good morning everyone and thank you for joining us today. On today's call I'll start with an overview of our operational progress in third quarter financial highlights and then Mark will provide some additional detail on our financials to review our annual outlook. Finally we will open up the call for your questions. In the last four weeks I've step back into the day to day role at SpartanNash. I've been grateful for the support the entire organization and especially the management team. We recognize that the operating environment has been challenging however we also acknowledge that some of our own actions have impacted our performance in fiscal 2019. We are committed to improving our results by focusing on the execution of our business plan in mitigating the impact of external factors. We're pleased with the growth we have continued to achieve and are