Smart & Final Stores (SFS) Tops Q1 EPS by 3c; Affirms FY18 Guidance

Smart & Final Stores (NYSE: SFS) reported Q1 EPS of ($0.04), $0.03 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.02 billion.

First Quarter Highlights:

• Net sales increased 5.1% to $1,016.2 million with a comparable store sales increase of 1.2%
• Gross margin increased 9.9%
• Adjusted EBITDA increased 17.3% to $28.6 million
• Net loss of $7.1 million or $0.10 per share
• Adjusted net loss of $2.8 million or $0.04 per share
• Expanded Smart & Final banner online channels by adding the Shop Smart & Final mobile app

GUIDANCE:

Smart & Final Stores sees FY2018 EPS of $0.42-$0.47.

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

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