SpartanNash Company (NASDAQ:SPTN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 13, 2020 • 08:00 am ET


SpartanNash Company (NASDAQ:SPTN) Q2 2020 Earnings Conference Call - Final Transcript


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Good day, and welcome to the SpartanNash Company Second Quarter Fiscal Year 2020 Earnings Conference Call.

[Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Katie Turner, please go ahead.

Katie Turner

Thank you. Good morning, and welcome to the SpartanNash Company second quarter fiscal year 2020 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 4:05 PM Eastern Time. For a copy of the earnings release, please visit SpartanNash's website at www. 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, disruption associated with the COVID-19 pandemic; 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 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 include 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 we appreciate you joining us today to discuss our second quarter financial results. I'll provide a brief overview of our strong quarterly results. Mark will then provide some additional detail on our second quarter financials and review our improved 2020 outlook. Finally, we'll open up the call for some questions.

I'm incredibly proud of the strength and the resiliency of our entire team of associates as they support the communities we serve with our Retail, Food Distribution, and Military Businesses to continue to respond to unprecedented times, including the heightened consumer demand as a result of COVID-19.

Our priority remains ensuring the well-being and safety of our team, particularly those on the frontlines driving our business forward every day, as well as our customers. During the quarter, we incurred additional direct and