VERNON, Calif. -- An earnings turnaround is under way at Smart & Final here, said Ross Roeder, chairman and chief executive officer.
tore sales improved 7.2%, while sales from the company's store division rose 7.7% to $348.1 million. Revenues from the company's food-service division were unchanged during the second quarter at $95 million.
In the first 24 weeks of the year, sales rose 3.1% to $842 million, income jumped 351% to $3.8 million, and comparable-store sales increased 4.8%.
Smart & Final, which operates 219 stores and two food-service distribution companies, is rebounding from a loss of $8.7 million for fiscal 1998.