Company Quick10K Filing
Smart & Final Stores
10-Q 2019-03-24 Filed 2019-05-03
10-K 2018-12-30 Filed 2019-03-15
10-Q 2018-10-07 Filed 2018-11-15
10-Q 2018-06-17 Filed 2018-07-26
10-Q 2018-03-25 Filed 2018-05-03
10-K 2017-12-31 Filed 2018-03-16
10-Q 2017-10-08 Filed 2017-11-16
10-Q 2017-06-18 Filed 2017-07-26
10-Q 2017-03-26 Filed 2017-05-04
10-K 2017-01-01 Filed 2017-03-17
10-Q 2016-10-09 Filed 2016-11-17
10-Q 2016-06-19 Filed 2016-07-29
10-Q 2016-03-27 Filed 2016-05-04
10-K 2016-01-03 Filed 2016-03-15
10-Q 2015-10-04 Filed 2015-11-12
10-Q 2015-06-14 Filed 2015-07-23
10-Q 2015-03-22 Filed 2015-04-29
10-K 2014-12-28 Filed 2015-03-25
10-Q 2014-10-05 Filed 2014-11-17
8-K 2019-06-18 M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-04-16 Enter Agreement, Officers, Other Events, Exhibits
8-K 2019-03-13 Earnings, Exhibits
8-K 2018-11-19 Officers
8-K 2018-11-14 Earnings, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-21 Shareholder Vote
8-K 2018-05-18 Officers, Exhibits
8-K 2018-05-08 Officers, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-03-14 Earnings, Exhibits

Smart & Final Stores Financials

SFS Metrics, Comps, Filings

Quarterly | Annual

Business

We are a value-oriented food retailer serving a diverse and dynamic demographic of household and business customers through two complementary store banners. Our Smart & Final stores focus on both household and business customers, and our Smart Foodservice (formerly known as Cash & Carry Smart Foodservice) stores focus primarily on business customers. As of December 30, 2018, we operated 326 convenient, non-membership, smaller-box, warehouse-style stores throughout the Western United States, with an additional 15 stores in Northwestern Mexico operated through a joint venture. We have a differentiated merchandising strategy that emphasizes high quality perishables, a wide selection of private label products, products tailored to business and foodservice customers and products offered in a broad range of product sizes, all at "everyday low prices."

As of December 30, 2018, we operated 260 Smart & Final stores in California, Arizona and Nevada, which offer extensive selections of fresh perishables and everyday grocery items, together with a targeted selection of foodservice, packaging and janitorial products, under both national and private label brands. Customers can choose from a broad range of product sizes, including an assortment of standard-sized products typically found at conventional grocers, and a broad selection of larger sized offerings (including uniquely sized national brand products) more typical of warehouse club style stores. Pricing in our Smart & Final stores is targeted to be substantially lower than that of conventional grocers and competitive with that of large discount store operators and warehouse clubs. We believe we offer higher quality produce at lower prices than typically found at large discounters. We also believe our Smart & Final stores provide a better everyday value to household and business customers than typical warehouse clubs by offering greater product selection at competitive prices, with no membership fee requirement, in a convenient easy-to-shop format.

Within the Smart & Final banner we operate both Extra! and legacy Smart & Final stores. Beginning in late 2008, we launched a transformational initiative to convert our larger legacy Smart & Final stores to our Extra! format. With a larger store footprint and an expanded merchandise selection, our Extra! format offers a one-stop shopping experience with over 16,000 SKUs, over 4,000 more SKUs than our legacy Smart & Final stores, with an emphasis on perishables and household items. As of December 30, 2018, we operated 201 Extra! stores of which 105 represent conversions or relocations of legacy Smart & Final stores and 96 represent new store openings. In recent years we have significantly increased the number of Extra! stores, facilitated primarily by our acquisition of a dedicated perishables warehouse, our acquisition of a group of stores in fiscal year 2016, and by our continued investments in distribution capabilities and in-store merchandising. The continued development of our Extra! store format, through additional new store openings and expansions and relocations of legacy Smart & Final stores to the Extra! store format, is expected to be the cornerstone of future Smart & Final banner growth.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Kroger (KR) 20,772 0% 6.4 4% 45,393 36,665 121,484 0 1,591 5,241 33,767
Sprouts Farmers Market (SFM) 2,312 33% 9.1 4% 2,765 2,205 4,270 1,426 118 245 2,231
Weis Markets (WMK) 1,030 26% 6.4 4% 1,637 589 3,534 927 62 148 954
Willdan Group (WLDN) 413 23% 34.1 0% 363 208 400 92 2 15 516
Cato (CATO) 411 38% 4.9 9% 651 319 827 314 60 78 388
Mistras Group (MG) 409 29% 15.4 1% 728 450 750 219 4 43 662
Del Taco Restaurants (TACO) 285 24% -2.8 -25% 759 560 513 121 -188 -151 428
Smart & Final Stores (SFS) 400 15% 7.9 0% 2,499 2,205 3,668 559 10 126 996
Golden Entertainment (GDEN) 397 0% 48.4 -3% 1,691 1,395 941 0 -57 30 1,437
Overstock.com (OSTK) 396 19% -2.7 -34% 400 231 1,541 298 -137 -115 310
American Public Education (APEI) 391 44% 6.7 4% 361 60 289 128 13 27 181
Natural Grocers By Vitamin Cottage (NGVC) 236 26% 5.0 3% 327 170 904 239 9 46 230
GNC Holdings (GNC) 196 34% 7.4 3% 1,684 1,648 2,146 732 57 105 780
Vitamin Shoppe (VSI) 156 33% 5.5 -1% 800 618 1,056 346 -7 25 140
Brazilian Distribution Co (CBD) 87 0% 52,849 0 0 0 0 87
iFresh (IFMK) 34 17% -13.8 -10% 105 106 107 18 -10 -2 33
Ingles Markets (IMKTA)
DAVIDsTEA (DTEA) 0% 146 117 0 69 0 0 -0
Village Super Market (VLGEA) 28% 0.8 4% 582 259 1,649 458 22 62 50

Balance Sheet ($MM)2014-10-052014-12-282015-03-222015-06-142015-10-042016-01-032016-03-272016-06-192016-10-092017-01-012017-03-262017-06-182017-10-082017-12-312018-03-252018-06-172018-10-072018-12-302019-03-24
Cash1101071241211225963675454506361725664626758
Accounts Receivable24242021232725283032273334333032383738
Inventory211223211215232234235246255279267267271290288285292302287
PP&E400422448477522555596627663694717752817840859892916910934
Assets1,7041,7291,7321,7441,7891,8211,8521,8751,8981,9521,9281,9321,9751,8101,7821,7991,8291,7122,499
Accounts Payable166185165180192194185212205225217231229245221222236240209
Long-Term Debt588595588589590600616617652689685666683706688677653655654
Liabilities1,1651,2121,2091,2081,2361,2551,2891,3031,3371,4001,3821,3771,4171,4071,3831,3891,4051,4042,205
Stockholders' Equity539517523536552567563572561552546556558403399410423308294
Income Statement ($MM)2014-10-052014-12-282015-03-222015-06-142015-10-042016-01-032016-03-272016-06-192016-10-092017-01-012017-03-262017-06-182017-10-082017-12-312018-03-252018-06-172018-10-072018-12-302019-03-24
Revenue1,1328398229051,2469989081,0381,3941,0019671,0781,4571,0681,0161,1251,4981,045
Cost of Revenue9627147007641,0598507808811,1918608349161,2439038709561,265888
Gross Profit170125122142187148128157203141133162214164146170232156
R&D
SG&A
Tax54379503-2-2-643-24-33-02
Net Income1095111210-287-0-575-147-7710-7
Cash Flow ($MM)2014-10-052014-12-282015-03-222015-06-142015-10-042016-01-032016-03-272016-06-192016-10-092017-01-012017-03-262017-06-182017-10-082017-12-312018-03-252018-06-172018-10-072018-12-302019-03-24
Cash Operating25383344311249261121744118474412
Cash Investing-28-21-34-42-99-31-43-46-33-27-41-46-29-36-43-26
Cash Financing-1-0-1-0522-17232-2016-5-2-45