Smart & Final Stores (SFS) Tops Q3 EPS by 6c, Revenues Miss; Boosts FY18 EPS Guidance Above Consensus
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Smart & Final Stores, Inc. Reports Third Quarter 2018 Financial Results
November 14, 2018 4:15 PM ESTCOMMERCE, Calif., Nov. 14, 2018 /PRNewswire/ -- Smart & Final Stores, Inc. (the "Company") (NYSE: SFS), the value-oriented food and everyday staples retailer, today reported financial results for the fiscal third quarter ended October 7, 2018.
Third Quarter Highlights:
Net sales increased 2.8% to $1,497.7 million with a comparable store sales increase of 0.6% Gross margin increased 8.7% to $232.4 million Adjusted EBITDA of $62.3 million Net income of $10.2 million or $0.14 per share, including benefit of lower tax rate Adjusted net income of $16.9 million or $0.23 per share, including benefit of lower tax rate... More