Smart & Final Stores (SFS) Tops Q1 EPS by 1c; Withdraws FY19 Guidance Due to Pending Apollo Global Management Tender Offer

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Go back to Smart & Final Stores (SFS) Tops Q1 EPS by 1c; Withdraws FY19 Guidance Due to Pending Apollo Global Management Tender Offer

Smart & Final Stores, Inc. Reports First Quarter 2019 Financial Results

May 1, 2019 7:00 AM EDT

COMMERCE, Calif., May 1, 2019 /PRNewswire/ -- Smart & Final Stores, Inc. (the "Company") (NYSE: SFS), the value-oriented food and everyday staples retailer, today reported financial results for the fiscal first quarter ended March 24, 2019.

First Quarter Highlights:

Net sales increased 2.8% to $1,044.8 million, with a comparable store sales increase of 2.2% Gross margin increased 7.0% to $156.3 million Adjusted EBITDA increased 3.6% to $29.6 million 2019 Guidance withdrawn due to pending Apollo Global Management tender offer

"We had a strong start to the year, with sales growth of 2.8% despite... More