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Smart & Final Stores posts 4Q loss

COMMERCE, Calif. (AP) _ Smart & Final Stores Inc. (SFS) on Wednesday reported a fourth-quarter loss of $253,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Commerce, California-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.

The warehouse store operator posted revenue of $1 billion in the period.

For the year, the company reported profit of $12.9 million, or 17 cents per share. Revenue was reported as $4.34 billion.

Smart & Final Stores expects full-year earnings in the range of 50 cents to 55 cents per share.

Smart & Final Stores shares have dropped 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.40, a drop of 22 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


Keywords: Smart & Final Stores, Earnings Report