Why Smart & Final Stores, Inc. Stock Popped Thursday [The Motley Fool]
SMART & FINAL STORES INC (SFS)
Last smart & final stores inc earnings: 5/1 07:00 am
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Source: The Motley Fool
Results that matched consensus analyst estimates and a slight acceleration in comparable store sales growth were enough to make the Street more optimistic. Daniel Sparks ( TMFDanielSparks ) Jul 26, 2018 at 3:55PM What happened Shares of food retailer Smart & Final ( NYSE:SFS ) popped on Thursday, rising as much as 16.4%. The stock's gain follows Smart & Final Stores second-quarter earnings release. As of 3:30 p.m. EDT, the stock is up 9.9%. The stock's rise follows a challenging year for the company. Shares were down 36% year to date before Smart & Final reported its second-quarter results Wednesday afternoon. When a stock has been beaten like this, sometimes results in line with consensus analyst estimates are all that is required to make the Street more optimistic about shares. This is mostly what happened with Smart & Final, as revenue and ear
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