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SpartanNash Publishes Corporate Responsibility Report, Emphasizing Commitment to People and Communities

1. SpartanNash's 2024 report emphasizes Associate safety and engagement progress. 2. Achieved a top-quartile TRIR of 2.0 with an 83% drop in lost-time incidents. 3. Turnover reduced by 7%, while new hire retention increased by 4%. 4. Recognized for safety improvements and as a best company to work for. 5. Commits to fostering a People First culture, impacting community positively.

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FAQ

Why Bullish?

SpartanNash's reported progress in safety and engagement can enhance workforce productivity, similar to past performance improvements seen in companies prioritizing employee welfare, often leading to better stock performance.

How important is it?

The focus on employee well-being and safety indicates sound corporate governance, likely appealing to socially responsible investors and improving stock appeal.

Why Short Term?

Immediate impact may be observed in upcoming quarterly reports reflecting enhanced employee retention and engagement metrics, which typically boost investor confidence shortly after such announcements.

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Report highlights progress with Associate safety, development and engagement, /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) today published its 2024 Corporate Responsibility Report. This report provides details on how the Company continues to strengthen its People First culture through significant advancements in Associate safety, development and engagement, sustainability, and governance, among other programs. The 2024 Corporate Responsibility Report provides details on how SpartanNash continues to strengthen its People First culture through significant advancements in Associate safety, development and engagement, sustainability, and governance, among other programs. "The progress we've made is a testament to the dedication of our Associates and leaders in shaping a vibrant People First culture," said SpartanNash CEO Tony Sarsam. "It is our responsibility to foster an environment where our Associates can grow, thrive and contribute to our collective success, while honoring our commitment to make a positive impact in the communities we serve." Highlights from the 2024 Corporate Responsibility Report include: Prioritized Associate Safety & Wellbeing Achieved a top-quartile Total Recordable Incident Rate ("TRIR") of 2.0, reflecting a 25% year-over-year reduction and an 83% decrease in lost-time incidents since 2020. Won the 2024 Theo Award for excellence in injury reduction, safety improvements and return-to-work efficiencies. Empowered Talent: Development & Retention Reduced turnover by 7% and increased 90-day new hire retention by 4% compared to 2023. Provided quality leadership development training through partnerships with DiSC, Korn Ferry, LinkedIn Learning and Skillsoft. Welcomed 106 interns from 38 colleges and successfully converted several into full-time Associates. Fostered Associate Engagement Hosted a large-scale Associate volunteer event in which 500,000 meals were packed for people affected by natural disasters. Launched a daycare subsidy program to support Associates with childcare expenses. Earned recognition as a Great Place to Work®, U.S. News & World Report® Best Company to work for and a Best & Brightest® Company to Work for in the nation. To read the 2024 Corporate Responsibility Report, visit spartannash.com.About SpartanNashSpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 20,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates nearly 200 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers with convenience stores. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.CONTACT:Adrienne Chance SVP and Chief Communications OfficerSpartanNash[email protected] SOURCE SpartanNash WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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