Smart & Final Stores, Inc. reports third quarter 2018 financial results

Smart & Final Stores, Inc., the value-oriented food and everyday staples retailer, reported financial results for the fiscal third quarter ended October 7, 2018. Third Quarter Highlights: Net...

November 14, 2018

1 minute read

Smart & Final Stores, Inc., the value-oriented food and everyday staples retailer, 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
Debt reduction of $23 million in the quarter and $46 million year-to-date

To access this information directly from the company, click here.

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