Festival Foods, Hometown Grocers, Schnuck: Markets join together with new Schnuck family holding company

1939 Group, Inc., completes purchase of 51 Wisconsin grocery stores, welcoming 8,000 new teammates to their family of companies

ST. LOUIS, Oct. 20, 2025 – Todd Schnuck, Chairman and CEO of 1939 Group, Inc., announced
the official closing of the purchase of Festival Foods and Hometown Grocers. The completed
transaction brings the new family of companies’ store footprint to 164 stores. In Wisconsin,
Festival Foods operates 42 stores and Hometown Grocers operates nine stores. Schnuck
Markets operates 113 stores in Missouri, Illinois, and Indiana.

Festival Foods, Hometown Grocers, and Schnucks will continue operating under their existing
banners – guided by shared values, community engagement, and an unwavering dedication to
delivering exceptional experiences for every guest.

By joining forces, powered by strong legacies, the family-owned companies – Festival Foods,
Hometown Grocers, and Schnucks – are poised to accelerate growth and set a new standard
for what it means to be a regional grocer. Fueled by the strength of 1939 Group, the family of
companies can look forward to continued investment and innovation amid a rapidly evolving
retail landscape.

As Chairman and CEO of Schnuck Markets and 1939 Group, Todd Schnuck assumes the role of
Chairman and CEO at Festival Foods and Hometown Grocers – continuing the legacy of
departing CEO Mark Skogen, whose servant leadership and deep commitment to treating every
customer as a valued guest have long defined the company’s culture.

“As we celebrate today’s milestone, we also recognize that our teams are entering the busiest
season of the year,” said Todd Schnuck, Chairman & CEO. “Our top priority remains clear –
keeping Festival Foods, Hometown Grocers, and Schnucks teammates focused on serving and
delighting our guests.”

About 1939 Group, Inc.
1939 Group, Inc. (1939 Group) is owned by the family that founded Schnuck Markets, Inc. The
name honors the year the family’s matriarch, Anna Donovan Schnuck, opened the first store in
St. Louis. 1939 Group is based in St. Louis, Missouri, and owns a family of companies with a
164-store footprint across Missouri, Illinois, Indiana and Wisconsin, employing a workforce of
around 19,000 between Festival Foods, Hometown Grocers, and Schnucks.

Festival Foods operates 42 stores across Wisconsin. Hometown Grocers, Inc. operates nine
stores in Wisconsin under the following banners: Dave’s County Market, Denny’s Supervalu,
Don’s Quality Market, Lake Mills Market, Lakewood Supervalu, Super Ron’s Food Center,
Thompson’s County Market, Thorp Supervalu and Wittenberg Sentry Foods. Schnuck Markets,
Inc. operates 113 stores, serving customers in Missouri, Illinois and Indiana.