SpartanNash (SPTN) Adds Value to Online Grocery Shopping

SpartanNash Company SPTN offered enhanced benefits and savings exclusively for its Fast Lane subscribers at no additional cost to make online grocery shopping accessible and affordable. Notably, Fast Lane subscribers get access to the company’s dedicated personal buyers, more perks, and exclusive savings, all for less than a dollar a week.

We note that Fast Lane subscriptions can be used for $ 49 per year with free, unlimited curbside pickup at any of the company’s stores offering Fast Lane online grocery shopping. Fast Lane subscribers can see bigger savings now, with half-price shipping to available locations (additional savings of $ 4.95 per order).

In addition, the incredible June offers include 10% off Our Family products, except dairy products; 5 cents off fuel on every Fast Lane offer; 15% off Daisy cottage cheese, Coffee-mate liquid creams, certain Chobani products and Kellogg’s Pop-Tarts and crackers; and 20% off Jack’s frozen pizzas.

Notably, Fast Lane is quite a popular program for shoppers, offering the same prices in-store without even setting foot in an aisle. However, the company is currently looking to take it to a new level with the aforementioned benefits and savings. Hence, it will attract more customers and, in turn, increase the sales and profits of the business. Currently, 68 SpartanNash outlets in Michigan, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin offer the Fast Lane online shopping option.

What else?

Earlier this month, SpartanNash posted mixed results for the first quarter of 2021, where the bottom line beat Zacks’ consensus estimate while the top line missed the same. Specifically, the company has experienced declining sales in all three segments. In the reported quarter, sales were mostly affected due to favorable sales from the previous year, driven by higher demand due to coronaviruses.

Nonetheless, this company currently Zacks Rank # 3 (Hold) is in a planning phase of a supply chain transformation initiative. The plan is focused on the continuous improvement of its supply chain operations. Management remains focused on expanding the company’s customer relationships within its food distribution unit and maintaining momentum in the retail segment. The company will continue to invest to increase its operational efficiency. Additionally, SpartanNash continues to project total net sales in the $ 8,800 to $ 9,000 million range for the 52 weeks of 2021.

Shares of this grocery retailer have risen 9.5% in the past six months compared to the industrya rally of 11.2%.

Better ranked actions to consider

Cherished ingredients DAR, currently posting a Zacks Rank # 1 (strong buy), has a surprise earnings of 29.8% on average over the past four quarters. You can see The full list of today’s Zacks # 1 Rank stocks here.

Medifast MED, also a No.1 ranked Zacks player, currently has a surprise four-quarter profit of 12.7%, on average.

Nomadic foods NOMD with a Zacks Rank # 2 (Buy), currently has a surprise earnings of 10.3% on average over the past four quarters.

Zacks names “best single choice to overtake”

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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