whytestocks
5 years ago
News: $SFS Smart & Final (SFS) Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Smart & Final Stores, Inc. is Fair to Shareholders - SFS
NEW YORK, April 17, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of Smart & Final Stores, Inc. (“Smart & Final” or the “Company”) (NYSE: SFS) to certain investment funds manag...
Find out more https://marketwirenews.com/news-releases/smart-final-sfs-merger-investigation-halper-sadeh-llp-announces-investigation-into-whether-the-sale-of-smart-final-stores-inc-is-fair-to-shareholders-sfs-8016774.html
whytestocks
5 years ago
News: $SFS Smart & Final Stores, Inc. To Announce First Quarter 2019 Financial Results On Wednesday, May 1st
COMMERCE, Calif. , April 17, 2019 /PRNewswire/ -- Smart & Final Stores, Inc. (NYSE: SFS), the value-oriented food and everyday staples retailer, today announced that it will report its financial results for the first quarter ended March 24, 2019 , on Wednesday, May 1, 2019 , after t...
Got this from https://marketwirenews.com/news-releases/smart-final-stores-inc-to-announce-first-quarter-2019-financial-results-on-wednesday-may-1st-8015650.html
whytestocks
5 years ago
News: $SFS Smart & Final (SFS) Alert: Johnson Fistel Investigates Proposed Sale of Smart & Final Stores, Inc.; Are Shareholders Getting a Fair Deal?
SAN DIEGO , April 17, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Smart & Final Stores, Inc. (NYSE: SFS) ("Smart & Final") breached their fiduciary duties in connection with the proposed sale ...
Read the whole news https://marketwirenews.com/news-releases/smart-final-sfs-alert-johnson-fistel-investigates-proposed-sale-of-smart-final-stores-inc-are-shareholders-getting-a-fair-deal--8015560.html
lecorb
10 years ago
Smart & Final Returns To Stock Market With New IPO
By PAUL WHITFIELD, INVESTOR'S BUSINESS DAILY
Posted 06:08 PM ET
California-based Smart & Final Stores (NYSE:SFS) is back on the stock market after a complicated journey.
The company had a French connection when it debuted in the stock market in 1991. France's Casino Guichard-Perrachon acquired Smart & Final's parent firm Thriftimart in 1984.
In 2007, Apollo Management took the company private, ending the French control. Five years later, Ares Management bought Smart & Final from Apollo.
And on Wednesday, the return to the stock market was completed. Smart & Final opened at 13.10 a share after its share offering priced at 12, the low end of an expected range of 12 to 14.
The company operates 250 grocery and food service stores in six Western states, 13 in northern Mexico and 52 Cash & Carry stores.
Cash & Carry is a warehouse food store and, like Smart & Final, has no membership fee.
Smart & Final is in IBD's Retail-Major Discount Chains industry group.
The timing of the IPO isn't ideal. The stock market has shown hesitation recently, and the discount chain industry group is a laggard. As of Wednesday's IBD, the group was No. 160 of 197 groups.
The retail sector was No. 20 of 33 sectors as of Wednesday's paper.
A vigorous market uptrend, a strong industry group and a leading sector can help a stock advance. Smart & Final lacks all three right now.
However, several factors could be shaping up in Smart & Final's favor.
• A new format: Smart & Final is known for its small stores, but the company is converting some outlets to a larger format and opening new stores in the big format. The company reported in SEC documents that margins and same-store sales are higher at the big stores than the traditional stores. A third of Smart & Final's stores are now large format.
• Geography: With stores in the small number of states, the company has room to grow. Management believes the U.S. market could support 1,250 stores, including 100 more in California.
• Mexico: Favorable trends south of the border could offer additional opportunities for Smart & Final.
• Revenue revving up: The company says its has delivered same-store sales growth in 24 of the past 25 years. Last year, same-store sales growth was 4%.
Earnings grew 50% to 3 cents a share in the March-ended quarter and 200% to 15 cents a share in the June quarter. Revenue grew 6% and 10% over the same period.
The June quarter was remarkable because the previous 13 quarters involved earnings gains in the 2 cents to 5 cents a share range.
Company officials were unable to comment on the strong results because of a quiet period related to the current quarter.
Investors, though, should not consider buying this stock until it forms a proper IPO base.
A historical note: When the company was taken private in mid-2007, the stock had rallied 569% from its March 2003 low.
http://news.investors.com/092414-718805-smart-and-final-ipo.htm?ven=yahoocp&src=aurlled&ven=yahoo
lecorb
10 years ago
WELCOME SFS,Smart & Final Stores, Inc
Smart & Final Celebrates IPO on the New York Stock Exchange
1:51p ET September 24, 2014 (PR NewsWire) Print
Smart & Final Stores, Inc. ("Smart & Final" or the "Company"), a value-oriented food and everyday staples retailer for household and business customers, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol "SFS" following its initial public offering. IMC Financial Markets is the Designated Market Marker for the Company's stock.
http://photos.prnewswire.com/prnvar/20140924/148195
Smart & Final Chief Executive Officer David Hirz visited the trading floor, along with his executive leadership team and representatives of majority shareholder Ares Management, to celebrate the first day of trading.
"It is with pride and excitement that we join the New York Stock Exchange today and mark another milestone in Smart & Final's rich history," said Hirz.
Scott Cutler, Executive Vice President & Head of Global Listings, NYSE said, "We are very pleased to welcome Smart & Final to the New York Stock Exchange. One of the longest continuously operated food retailers in the United States and an iconic brand in the markets it serves, Smart & Final is an excellent addition to the NYSE's community of leading companies."
About Smart & Final
Smart & Final is a value-oriented food and everyday staples retailer for household and business customers. The Company is headquartered in Los Angeles, where it was founded 140 years ago, and operates approximately 250 grocery and foodservice stores under the "Smart & Final", "Smart & Final Extra!" and "Cash & Carry Smart Foodservice" banners in California, Oregon, Washington, Arizona, Nevada, Idaho, with an additional 13 stores in northern Mexico operated through a joint venture
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