Smart & Final reports net sales up 3.7% in 2018
Smart & Final reported financial results for the fourth quarter and full year ended 30 December 2018. Net sales were USD1,102.4 million in the 12 week quarter, representing a 3.2% increase as compared to USD1,067.9 million for the same period of 2017.
Full-year net sales were USD4,741.8 million, an increase of 3.7% as compared to USD4,570.6 million in 2017. Net sales for Smart & Final banner stores were USD3,672.2 million, an increase of 3.2% as compared to USD3,557.7 million in 2017. Full-year 2018 comparable store sales for the Smart & Final banner increased by 0.5%.