OverviewSuggest Edit

Smart & Final Stores operates as a food retailer. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The Company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies. It also provides various private label products under a number of brands. The Company sells its products to household and business customers, restaurants, caterers, and various other foodservice businesses.

TypePublic
Founded1871
HQCommerce, US
Websitesmartandfinal.com
Employee Ratings3

Latest Updates

Employees (est.) (Dec 2018)3,610(+11%)
Job Openings679
Revenue (FY, 2018)$4.7 B(+4%)
Share Price (Jun 2019)$6.5

Key People/Management at Smart & Final

Richard N. Phegley

Richard N. Phegley

Senior Vice President and Chief Financial Officer
Leland P. Smith

Leland P. Smith

Senior Vice President and General Counsel
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Smart & Final Office Locations

Smart & Final has an office in Commerce
Commerce, US (HQ)
600 Citadel Dr
Show all (1)

Smart & Final Financials and Metrics

Smart & Final Revenue

Smart & Final's revenue was reported to be $4.74 b in FY, 2018
USD

Revenue (Q1, 2019)

1.0b

Gross profit (Q1, 2019)

156.3m

Gross profit margin (Q1, 2019), %

15%

Net income (Q1, 2019)

(6.7m)

EBIT (Q1, 2019)

1.3m

Market capitalization (19-Jun-2019)

497.2m

Closing stock price (19-Jun-2019)

6.5

Cash (24-Mar-2019)

57.9m

EV

2.0b
Smart & Final's current market capitalization is $497.2 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.5b4.0b4.3b4.6b4.7b

Revenue growth, %

12%9%5%

Cost of goods sold

3.9b4.0b

Gross profit

673.7m717.6m
Quarterly
USDQ3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017Q3, 2018Q1, 2018Q3, 2018Q1, 2019

Revenue

1.1b822.2m905.1m1.2b908.5m1.0b1.4b967.0m1.1b1.5b1.0b1.5b1.0b

Cost of goods sold

1.3b888.5m

Gross profit

232.4m156.3m

Gross profit Margin, %

16%15%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

106.8m59.3m54.2m71.7m67.2m

Accounts Receivable

33.0m36.8m

Prepaid Expenses

54.2m32.3m

Inventories

223.4m234.3m278.7m289.7m301.9m
Quarterly
USDQ3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017Q3, 2018Q1, 2018Q3, 2018Q1, 2019

Cash

110.1m124.1m121.4m122.3m63.1m67.4m54.0m50.4m63.2m60.9m55.8m62.2m57.9m

Accounts Receivable

(3.9m)37.9m37.8m

Prepaid Expenses

41.1m25.7m

Inventories

211.0m211.1m214.6m232.2m235.3m245.9m255.5m266.7m266.6m271.3m287.7m292.0m286.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

33.1m38.3m12.9m(138.9m)(112.2m)

Depreciation and Amortization

64.2m38.6m51.4m98.4m99.5m

Inventories

(13.9m)(10.9m)(44.4m)(11.0m)(12.2m)

Accounts Payable

(31.3m)9.3m31.1m19.8m(5.3m)
Quarterly
USDQ3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Net Income

23.8m4.9m15.9m28.3m(2.0m)6.2m13.2m(4.6m)2.5m7.6m(7.1m)9.7m(6.7m)

Depreciation and Amortization

49.0m10.2m21.8m75.0m23.3m76.2m23.4m

Inventories

(1.5m)211.1m214.6m232.2m(961.0k)(11.6m)255.5m266.7m7.4m2.0m(2.3m)15.0m

Accounts Payable

12.3m165.1m180.3m191.5m(8.7m)18.2m205.3m216.8m(758.0k)(24.3m)(9.5m)(30.2m)
USDY, 2019

EV/EBIT

1.5 k x

EV/CFO

164.5 x

Financial Leverage

8.5 x
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Smart & Final Operating Metrics

Smart & Final's Stores was reported to be 313 in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2016FY, 2016Q1, 2016Q2, 2016Q3, 2017FY, 2017Q1, 2017Q2, 2017

SKUs per Store (Extra!)

14.50 k15.80 k16.40 k

Stores

254 258 263 270 276 290 306 304 305 308 313

Stores (Cash & Carry)

53 55 59

Stores (Smart & Final)

201 221 246
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Smart & Final Revenue Breakdown

Embed Graph

Smart & Final revenue breakdown by business segment: 77.8% from Smart & Final and 22.2% from Cash & Carry

Smart & Final Online and Social Media Presence

Embed Graph

Smart & Final News and Updates

Smart & Final Stores, Inc. and Funds Managed by Affiliates of Apollo Global Management Announce Successful Completion of Previously Announced Transaction

COMMERCE, Calif. and NEW YORK, June 20, 2019 (GLOBE NEWSWIRE) -- Smart & Final Stores, Inc. (NYSE: SFS) (“Smart & Final”) and First Street Merger Sub, Inc. (the “Purchaser”), an entity controlled by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (NYSE: AP…

Smart & Final changes on US$340m loan could mean losses for banks

NEW YORK, June 18 (LPC) - A US$340m term loan backing Apollo Global Management’s purchase of supermarket chain Smart & Final priced on Tuesday morning but not before lead banks added a series of changes to the loan after failing to attract enough investors under the original terms, sources said.…

Smart & Final agrees to be re-acquired by Apollo for $6.50 a share

Smart & Final Stores Inc. announced Tuesday afternoon that it has agreed to be acquired by private-equity firm Apollo Global Management LLC for $6.50 a share in cash. Smart & Final stock closed Tuesday at $5.39 a share, and popped more than 18% higher in after-hours trading to reflect the a…

Exclusive: Buyout firm Apollo to buy Smart & Final Stores - sources

Apollo Global Management LLC has agreed to acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm would own the U.S. food retailer, people familiar with the matter said on Tuesday.

Exclusive: Food retailer Smart & Final explores sale - sources

Smart & Final Stores Inc, a U.S. food retailer controlled by private equity firm Ares Management Corp, is exploring options that include a sale of the company, according to people familiar with the matter.
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Smart & Final Blogs

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Smart & Final Frequently Asked Questions

  • When was Smart & Final founded?

    Smart & Final was founded in 1871.

  • Who are Smart & Final key executives?

    Smart & Final's key executives are Richard N. Phegley and Leland P. Smith.

  • How many employees does Smart & Final have?

    Smart & Final has 3,610 employees.

  • What is Smart & Final revenue?

    Latest Smart & Final annual revenue is $4.7 b.

  • What is Smart & Final revenue per employee?

    Latest Smart & Final revenue per employee is $1.3 m.

  • Who are Smart & Final competitors?

    Competitors of Smart & Final include Albertsons, WinCo Foods and Stater Bros.

  • Where is Smart & Final headquarters?

    Smart & Final headquarters is located at 600 Citadel Dr, Commerce.

  • Where are Smart & Final offices?

    Smart & Final has an office in Commerce.

  • How many offices does Smart & Final have?

    Smart & Final has 1 office.