Smart & Final reports increases in quarterly profit and sales

Commerce, Calif. --Smart & Final Stores, Inc. reported that profit for the third quarter edged up 1.9% to $10.2 million. Sales surged 10.8% to $1.13 billion, and same-store sales leapt 6.6%.



“We continue to grow sales in both of our store banners--Smart & Final and Cash & Carry--and this has translated into strong financial results.," said Dave Hirz, president and CEO.



Hirz said the chain plans to continue a robust program of new store openings during the balance of this year and during 2015.



During the third quarter of fiscal 2014, the company opened six new Smart & Final Extra! stores and completed four conversions of legacy Smart & Final to the Smart & Final Extra! store format. As of Oct. 5, 2014, the company operated a total of 90 Smart & Final Extra! and 110 legacy Smart & Final stores, and 52 Cash & Carry stores.