Smart & Final Stores (SFS) Tops Q3 EPS by 3c, Updates FY Guidance

November 16, 2016 4:18 PM EST
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Smart & Final Stores (NYSE: SFS) reported Q3 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.42 billion. Comps decreased 1.3%

GUIDANCE:

Smart & Final Stores sees FY2016 EPS of $0.57-$0.59, versus the consensus of $0.56.

Net sales growth

11.5% - 12.0%

Comparable store sales growth

(0.5)% - 0.0%

Unit growth (new stores)

33 Smart & Final Extra!

4 Cash & Carry

Relocations of existing stores to Extra! format

6 Smart & Final stores

Conversions of legacy stores to Extra! format

6 Smart & Final stores

Adjusted EBITDA

$178 - $183 million

Adjusted net income

$45 - $47 million

Adjusted diluted EPS

$0.57 - $0.59

Capital expenditures

$150 - $160 million

Basic weighted average shares

72.8 million

Fully diluted weighted average shares

78.3 million

For earnings history and earnings-related data on Smart & Final Stores (SFS) click here.



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