Smart & Final Stores, Inc. Reports First Quarter 2016 Financial Results
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Piper Jaffray Remains Bullish on Smart & Final Stores (SFS) Despite Cannibalization and Deflation
May 4, 2016 9:08 AM EDTPiper Jaffray maintained an Overweight rating on Smart & Final Stores (NYSE: SFS), and cut the price target to $18.00 (from $19.00), following the company's 1Q earnings report. Same store sales were impacted by 90bp of deflation and cannibalization of ~120bp. Overall comps were up 2% driven by a 2.4ppt increase in transactions and a 40bp decline in... More
Smart & Final Stores (SFS) Misses Q1 EPS by 1c
May 3, 2016 4:25 PM EDTSmart & Final Stores (NYSE: SFS) reported Q1 EPS of $0.08, $0.01 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $908.5 million versus the consensus estimate of $937.23 million.
Smart & Final Stores reaffirmed FY2016 guidance.
For earnings history and earnings-related data on Smart & Final Stores (SFS) click here.
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