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SpartanNash Co (SpartanNash Co) Gross Margin % : 15.10% (As of Dec. 2023)


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What is SpartanNash Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SpartanNash Co's Gross Profit for the three months ended in Dec. 2023 was $339 Mil. SpartanNash Co's Revenue for the three months ended in Dec. 2023 was $2,245 Mil. Therefore, SpartanNash Co's Gross Margin % for the quarter that ended in Dec. 2023 was 15.10%.


The historical rank and industry rank for SpartanNash Co's Gross Margin % or its related term are showing as below:

SPTN' s Gross Margin % Range Over the Past 10 Years
Min: 13.77   Med: 14.65   Max: 15.72
Current: 15.27


During the past 13 years, the highest Gross Margin % of SpartanNash Co was 15.72%. The lowest was 13.77%. And the median was 14.65%.

SPTN's Gross Margin % is ranked worse than
74.28% of 311 companies
in the Retail - Defensive industry
Industry Median: 22.74 vs SPTN: 15.27

SpartanNash Co had a gross margin of 15.10% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SpartanNash Co was 2.10% per year.


SpartanNash Co Gross Margin % Historical Data

The historical data trend for SpartanNash Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SpartanNash Co Gross Margin % Chart

SpartanNash Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.57 15.24 15.72 15.53 15.27

SpartanNash Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.79 15.36 15.24 15.35 15.10

Competitive Comparison of SpartanNash Co's Gross Margin %

For the Food Distribution subindustry, SpartanNash Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SpartanNash Co's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, SpartanNash Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SpartanNash Co's Gross Margin % falls into.



SpartanNash Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SpartanNash Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1485.6 / 9729.219
=(Revenue - Cost of Goods Sold) / Revenue
=(9729.219 - 8243.663) / 9729.219
=15.27 %

SpartanNash Co's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=339 / 2245.183
=(Revenue - Cost of Goods Sold) / Revenue
=(2245.183 - 1906.214) / 2245.183
=15.10 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


SpartanNash Co  (NAS:SPTN) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SpartanNash Co had a gross margin of 15.10% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


SpartanNash Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of SpartanNash Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


SpartanNash Co (SpartanNash Co) Business Description

Traded in Other Exchanges
Address
850 76th Street SW, P.O. Box 8700, Grand Rapids, MI, USA, 49518-8700
SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale. The Company's Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores. Majority of the revenue is earned from wholesale segment.
Executives
Kerrie D. Macpherson director 5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214
William R Voss director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hawthorne L. Proctor director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Bennett John Morgan officer: SVP and Chief Mdsing Officer 850 76TH STREET SW, GRAND RAPIDS MI 49518
Matthew Mannelly director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Yvonne Trupiano officer: Sr. VP Chief HR Officer 850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Pamela Puryear director 253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Julien Mininberg director ONE HELEN OF TROY PLAZA, EL PASO TX 79912
Jaymin B Patel director C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Frank Gambino director C/O 850 - 76TH STREET SW, GRAND RAPIDS MI 49518
Ileana Mcalary officer: SVP CLO and Secretary 850 76TH STREET SW, GRAND RAPIDS MI 49518
Kathleen M Mahoney officer: Exec VP Gen Counsel and Secy C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Robert Todd Riksen officer: VP, Corporate Controller 850 76TH STREET SW, GRAND RAPIDS MI 49518
Masiar Tayebi officer: E.V.P., Chief Strategy Officer 850 76TH STREET SW, GRAND RAPIDS MI 49518
David J Petko officer: Senior VP Supply Chain 850 76TH STREET SW, GRAND RAPIDS MI 49518