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Smart & Final Stores swings to loss in fiscal Q4

4913028 said its normalized net income for the fiscal fourth quarter ended Jan. 1 was a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

The per-share result swung to a loss from the prior-year profit of 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.2 million, compared with income of $10.0 million in the prior-year period.

The normalized profit margin declined to negative 0.1% from 1.0% in the year-earlier period.

Total revenue totaled $1.00 billion, compared with $997.6 million in the year-earlier period, and total operating expenses rose from the prior-year period to $994.9 million from $974.2 million.

Reported net income came to a loss of $75,170, or a loss of 0 cents per share, compared to income of $10.1 million, or 13 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 13 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 57 cents.

EPS declined 75.8% from 53 cents in the prior year.

Normalized net income was $9.9 million, a fall of 75.5% from $40.6 million in the prior year.

Full-year total revenue grew 9.3% year over year to $4.34 billion from $3.97 billion, and total operating expenses increased 10.8% on an annual basis to $4.29 billion from $3.87 billion.

he company said reported net income decreased 65.6% year over year to $13.3 million, or 17 cents per share, in the full year, from $38.6 million, or 50 cents per share.Smart & Final Stores Inc.

4913028 said its normalized net income for the fiscal fourth quarter ended Jan. 1 was a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.