Smart & Final Stores (SFS) Misses Q2 EPS by 2c; Maintains Outlook

July 25, 2017 4:23 PM EDT
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Smart & Final Stores (NYSE: SFS) reported Q2 EPS of $0.14, $0.02 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.08 billion.

GUIDANCE:

Smart & Final Stores sees FY2017 EPS of $0.50-$0.52, versus the consensus of $0.49.

The Company is maintaining its previously issued guidance framework for the full year ending December 31, 2017, while narrowing the guidance range for certain elements (as noted in bold type):

5.5% - 6.0%

Comparable store sales growth

1.0% - 1.5%

Unit growth (new stores)

15 Smart & Final Extra!4 Cash & Carry

Relocations of existing stores to Extra! format

3 Smart & Final stores

Expansions or conversions of legacy stores to Extra! format

4 to 5 Smart & Final stores

Adjusted EBITDA

$185 - $190 million

Adjusted net income

$39 - $41 million

Adjusted diluted EPS

$0.50 - $0.52

Capital expenditures

$120 - $130 million

Fully diluted weighted average shares

77 million

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



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