Smart & Final sees 2Q sales move upward

Smart & Final Inc reported sales of $493.7 million for its 12-week second quarter ended June 18, 2006, an increase of $9.6 million, or 2.0%, over second quarter 2005 sales of $484.1 million. Income from continuing operations was $5.8 million for the second quarter 2006, compared with $8.2 million for the second quarter 2005.

The company has engaged Goldman Sachs & Co as financial advisor in studying potential strategic alternatives, in light of an announcement by the company’s majority shareholder, Casino Guichard-Perrachon SA, that it is considering the sale of non-core portfolio assets.

Founded in 1871 in downtown Los Angeles CA, Smart & Final operates 250 non-membership warehouse stores for food and foodservice supplies in California, Oregon, Washington, Arizona, Nevada, Idaho, and northern Mexico.

TAGS: Foodservice
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