GRAND RAPIDS, MI - SpartanNash has seen some impressive results in its most recent financial report. Net sales surpassed $9 billion, settling in at $9.73 billion, an increase of nearly 1 percent from last year.

"Our team is proud of another strong year in which we have demonstrated year-over-year growth, delivered record profitability, and performed in line with our expectations, all in spite of a challenging macroeconomic environment," said SpartanNash President and Chief Executive Officer Tony Sarsam. "We are on track to achieve the objectives in our long-term strategic plan as we focus on creating enhanced customer value and capturing additional cost savings from our transformational initiatives. We expect 2024 to be another pivotal year of market share growth in our Wholesale and Retail segments. Our talented Associates have built a strong foundation for us to pursue both organic and inorganic opportunities."

According to a press release, fourth quarter highlights included:

• Net sales decreased 2.8 percent to $2.25 billion, driven by lower volumes in both the Wholesale and Retail segments
• Net earnings of $0.30 per diluted share, compared to $0.02 per diluted share in the prior year
• Adjusted EPS of $0.35, compared to $0.28 in the prior year. Adjusted EBITDA of $53.6 million, compared to $47.2 million in the prior year

The company also reported on its Fiscal 2023 highlights, listed below:

• Net sales increased 0.9 percent to $9.73 billion
• Net earnings of $1.50 per diluted share increased compared to $0.95 per diluted share

To see the rest of the results, click here.

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