Piper Jaffray Reiterates Overweight on Smart & Final Stores (SFS) Following 2Q
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Smart & Final Stores, Inc. Reports Second Quarter 2016 Financial Results
July 28, 2016 4:15 PM EDTCOMMERCE, Calif., July 28, 2016 /PRNewswire/ --Â Smart & Final Stores, Inc. (the "Company") (NYSE: SFS), the value-oriented food and everyday staples retailer, today reported financial results for the second fiscal quarter ended June 19, 2016.
Second Quarter Highlights:
Net sales increase of 14.7% to $1,038.3 million Completed integration of 33 acquired stores to Smart & Final Extra! stores Comparable store sales decrease of 0.3%, including impacts of deflation and cannibalization Net income of $7.8 million, or $0.10 per diluted share Adjusted net income of $15.5 million, or $0.20 per diluted share... More