Smart & Final Stores, Inc. Reports Second Quarter 2018 Financial Results
SMART & FINAL STORES INC (SFS)
Last smart & final stores inc earnings: 5/1 07:00 am
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Source: PR Newswire
COMMERCE, Calif., July 25, 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 second quarter ended June 17, 2018. Second Quarter Highlights:Net sales increased 4.4% to $1,125.5 million with a comparable store sales increase of 1.3% Business customer sales penetration in the Smart & Final banner increased to 30.1% of sales Gross margin increased 4.6% to $169.7 million Adjusted EBITDA increased 2.5% to $49.3 million Net income of $6.6 million or $0.09 per share Adjusted net income of $11.4 million or $0.16 per share"In the second quarter, we were pleased to deliver positive comparable store sales in both our Smart & Final and Smart Foodservice Warehouse store banners. This reflects how our unique assortment of business and club-pack items, our high-quality private label offerings, and rapidly expanding e-commerce channels resonate with shoppers," said David Hi
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