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Smart & Final Stores: 4Q Earnings Snapshot

COMMERCE, Calif. (AP) _ Smart & Final Stores Inc. (SFS) on Wednesday reported a loss of $121.8 million in its fourth quarter.

On a per-share basis, the Commerce, California-based company said it had a loss of $1.66. Earnings, adjusted for asset impairment costs and pretax expenses, were 8 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The warehouse store operator posted revenue of $1.1 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.09 billion.

For the year, the company reported that its loss narrowed to $112.2 million, or $1.54 per share. Revenue was reported as $4.74 billion.

Smart & Final Stores expects full-year earnings in the range of 41 cents to 46 cents per share.

Smart & Final Stores shares have climbed 33 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.29, a decline of 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFS at https://www.zacks.com/ap/SFS