Piper Jaffray Raises price Target on Smart & Final Stores (SFS) Following 3Q
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Smart & Final Stores, Inc. Reports Third Quarter 2015 Financial Results
November 11, 2015 4:10 PM ESTCOMMERCE, Calif., Nov. 11, 2015 /PRNewswire/ --Â Smart & Final Stores, Inc. (the "Company") (NYSE: SFS) today reported financial results for the sixteen week fiscal third quarter ended October 4, 2015.
Third Quarter Highlights:
Net sales increased 10.1% to $1,246.1 million Comparable store sales growth of 4.8% Net income of $12.4 million, or $0.16 per diluted share Adjusted net income increased 13.6% to $16.9 million, or $0.22 per diluted share Adjusted EBITDA increased 4.8% to $59.8 million 270 stores at quarter-end, including 120 Smart & Final Extra! stores Increased Adjusted EBITDA guidance for 2015... More