Smart & Final Stores (SFS) Reports In-Line Q3 EPS, Announces $25M Buyback, Offers Outlook
Smart & Final Stores (NYSE: SFS) reported Q3 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.23 billion.
The Company's Board of Directors has authorized a share repurchase program of up to $25 million of the Company's common stock, to be financed from cash on hand and executed over a period of time. The Company expects any repurchases under the program to commence no earlier than November 16, 2015 and to occur over the following twelve months.
OutlookThe Company currently expects to achieve the following results for its 2015 Fiscal Year (ending January 3, 2016):
Fiscal Year Ending January 3, 2016 | |
Net sales growth | 11% - 12% |
Comparable store sales growth | 3.5% - 4.5% |
Unit growth (net new stores) | 20 Smart & Final Extra! 2 Cash & Carry |
Relocations of existing stores | 3 Smart & Final 1 Cash & Carry |
Conversions of legacy stores to the Extra! format | 6 stores |
Adjusted EBITDA | $190 - $192 million |
Adjusted net income | $51 - $53 million |
Adjusted diluted EPS | $0.67- $0.70 |
Capital expenditures | $135 - $145 million |
Basic weighted average shares | 73.1 million |
Fully diluted weighted average shares | 76.6 million |
For earnings history and earnings-related data on Smart & Final Stores (SFS) click here.