On the heels of a positive second quarter filled with hints of new growth opportunities, SpartanNash CEO Dennis Eidson is now doubling down on his comment that he expects the company to seek strategic acquisitions.
In a conference call with investors last week, Eidson said SpartanNash is leveraging its improving financial position to set the company up for growth, new customers, mergers, and supply chain optimization.
“With a strong balance sheet we will also proactively pursue financially and strategically attractive acquisition opportunities,” Eidson explained further to investors, reconfirming his statements from the second quarter report. He added that with the current market headwinds and economic conditions likely to persist, SpartanNash will remain focused on operating its business “with a disciplined approach.” Eidson noted the company’s gains in its western geographic areas as being particularly strong.
Eidson continued in the report, “We will continue to implement our initiatives to enhance our merchandising, pricing and promotional strategies, including expanding our organic and private brand product offerings, improving our produce offering, and driving greater customer engagement through our loyalty program.”
Most recently in terms of growth, SpartanNash took over as the primary wholesaler for all 21 Gordy’s Markets in Wisconsin in February. Will the new proposed acquisitions be more on the distribution side of the company’s business, or is a retail acquisition in its crosshairs? Stay tuned to Deli Market News as we continue to look in depth in the company’s plans.