SPTN will be OK Tim --- it's at times like these ie. rising costs, poor economy (if you buy into this propaganda), etc. that they flourish ie. w/ private label brands.
I would expect to see some margin rise for them in upcoming quarters.....albeit slight.
Worse thing for them.....they are operating primarily in Michigan. However, if FED does approve unemployment check extensions, food stamp extentions, etc. ----- it will only play right into their strengths!!