About SMART & FINAL STORES LLC

Smart & Final caters to caterers -- as well as small businesses, restaurants, and households across the western US. Its about 276 non-membership warehouse stores stock groceries, party supplies, paper products, cleaning supplies, and more, in bulk sizes and quantities. The stores operate under the Smart & Final, Smart & Final Extra!, and Cash & Carry banners in urban and suburban areas in Arizona, California, Idaho, Nevada, Oregon, and Washington, as well as in northern Mexico. Founded in 1871 in Los Angeles, the retailer later took the names of owners J. S. Smart and H. D. Final. The chain went public in 2015.

IPO

The company went public in 2015. It raised $167.7 million from the IPO, which it used in part to pay down its around $1 billion in debt.

Operations

In addition to 236-plus Smart & Final Warehouse stores, the retailer also operates about 55 stores under the Smart Foodservice Cash & Carry name. The stores carry a broad range of restaurant-quality food, food service supplies, and culinary equipment. In addition, the grocer operates more than 127 Smart & Final Extra! stores.

The Smart & Final business brings in around 75% of revenue each year, and Cash & Carry brings in the remainder. 

Geographic Reach

Smart & Final is headquartered in California and maintains six distribution centers in the state. It operates stores in Arizona, California, Idaho, Nevada, Oregon, and Washington. Outside the US, Smart & Final operates more than a dozen stores in Mexico through a joint venture with Calimax, a major grocery store operator there.

Sales and Marketing

Smart & Final serves several customer types, including food service and household customers. Its food service clients are typically operators of small restaurants, catering companies, businesses, clubs, and civic organizations.

Financial Performance

Note: Fiscal year 2015 consisted of 53 weeks.

Net sales have increased for the past three years, climbing 12% on prior year to $3.9 billion in 2015. Sales growth was due mostly to the addition of 20 new Extra! stores and two new Cash & Carry stores in 2015, pushing sales in the segments up 14% and 8% respectively. The extra week in fiscal 2015 also had a positive effect on sales.

Net income has likewise been increasing of late, and rose 16% to $38.3 million in 2015. The positive performance was mostly due to the increase in net sales, partially offset by an increase in employee compensation costs.

Cash flow from operations was up 16% on prior year, to $145.4 million. The increase was mainly down to higher depreciation and amortization, deferred taxes and accounts receivables.

Strategy

The company's growth strategy is based on opening new store locations, particularly its Extra! stores as well as Cash & Carry. It also plans to convert its Smart & Final stores to Extra! stores. In 2016 the company plans to open 29 net new stores, and relocate four existing stores. This builds on 2015, when the company opened 20 new stores and relocated three. In 2015, Smart & Final also acquired 32 locations from bankrupt Haggen Holdings, and will convert the acquired stores into Extra! stores.

Mergers and Acquisitions

Smart & Final acquired 32 stores from bankrupt Haggen Holdings, which it will convert into Extra! stores.

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SMART & FINAL STORES LLC

600 Citadel Dr
Commerce, CA 90040-1562
Phone: 1 (323) 869-7500

Stats

  • Employer Type: Public
  • Exec V Pres-cfo: Martin Lynch
  • Pres-chb-ceo: Ross E Roeder
  • Ceo: Etienne P Snollaerts

Major Office Locations

  • Commerce, CA
  • Los Angeles, CA

Other Locations

  • Bullhead City, AZ
  • Mesa, AZ
  • Phoenix, AZ
  • Scottsdale, AZ
  • Yuma, AZ
  • Alhambra, CA
  • Anaheim, CA
  • Antioch, CA
  • Bakersfield, CA
  • Banning, CA
  • Bell, CA
  • Bellflower, CA
  • Bishop, CA
  • Blythe, CA
  • Buena Park, CA
  • Burbank, CA
  • Capistrano Beach, CA
  • Carlsbad, CA
  • Chula Vista, CA
  • Citrus Heights, CA
  • City Of Industry, CA
  • Clovis, CA
  • Corona, CA
  • Costa Mesa, CA
  • Covina, CA
  • Delano, CA
  • El Cajon, CA
  • El Centro, CA
  • El Monte, CA
  • El Toro, CA
  • Encino, CA
  • Escondido, CA
  • Fontana, CA
  • Fremont, CA
  • Fresno, CA
  • Fullerton, CA
  • Gilroy, CA
  • Glendale, CA
  • Granada Hills, CA
  • Hanford, CA
  • Hayward, CA
  • Huntington Beach, CA
  • Inglewood, CA
  • La Habra, CA
  • La Quinta, CA
  • Lemon Grove, CA
  • Long Beach, CA
  • Lynwood, CA
  • Mission Viejo, CA
  • Modesto, CA
  • Monrovia, CA
  • Moorpark, CA
  • Mountain View, CA
  • Murrieta, CA
  • National City, CA
  • Newhall, CA
  • North Hollywood, CA
  • Norwalk, CA
  • Oakland, CA
  • Oceanside, CA
  • Ontario, CA
  • Orange, CA
  • Oxnard, CA
  • Pacoima, CA
  • Palm Springs, CA
  • Palmdale, CA
  • Pasadena, CA
  • Pomona, CA
  • Porterville, CA
  • Rancho Cucamonga, CA
  • Rancho Palos Verdes, CA
  • Redlands, CA
  • Riverside, CA
  • Sacramento, CA
  • Salinas, CA
  • San Bernardino, CA
  • San Diego, CA
  • San Fernando, CA
  • San Francisco, CA
  • San Jose, CA
  • San Mateo, CA
  • Santa Ana, CA
  • Santa Barbara, CA
  • Santa Clara, CA
  • Santa Maria, CA
  • Seaside, CA
  • Simi Valley, CA
  • Solana Beach, CA
  • South San Francisco, CA
  • Stockton, CA
  • Thousand Oaks, CA
  • Torrance, CA
  • Tujunga, CA
  • Valencia, CA
  • Vallejo, CA
  • Van Nuys, CA
  • Venice, CA
  • Ventura, CA
  • Visalia, CA
  • West Hollywood, CA
  • Whittier, CA
  • Woodland Hills, CA
  • Yorba Linda, CA
  • Yuba City, CA
  • Henderson, NV
  • Las Vegas, NV
  • Austin, TX
  • Mcallen, TX
  • San Antonio, TX
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