SpartanNash (SPTN)

Risks

• The Company operates in an extremely competitive industry. Many of the Company’s competitors are much larger and may be able to compete more effectively.
• Substantial operating losses may occur if the customers to whom the Company extends credit or for whom the Company guarantees loans or lease obligations fail to repay the Company.
• A significant portion of the Company’s sales are with major customers and the Company’s success may be dependent on retaining this business and its customers’ ability to grow their business.
• Changes in relationships with the Company’s vendor base and supply chain disruptions may adversely affect its business, margins, and profitability.
• Threats to security or the occurrence of severe weather conditions, natural disasters or other unforeseen events could harm the Company’s business.
• Impairment charges for goodwill or other long-lived assets could adversely affect the Company’s financial condition and results of operations.
• It may be difficult for the Company to attract and retain well-qualified associates, which would adversely affect the Company’s profitability and growth.
• The Company’s Military segment is dependent upon domestic and international military operations. A change in the military commissary system, including its supply chain, or a change in the level of governmental funding, could negatively impact the Company’s results of operations and financial condition.
• Product recalls or other safety concerns regarding the Company’s products could harm the Company’s business.
• A number of the Company’s associates are covered by collective bargaining agreements, and unions may attempt to organize additional associates.
• Costs related to multi-employer pension plans and other postretirement plans could increase.
• Changes in government regulations may have a material adverse effect on financial results.