SMART & FINAL 3RD-QUARTER SALES, NET UP

LOS ANGELES -- Smart & Final here reported increased sales and earnings for the third quarter ended Oct. 9.

te. Same-store sales were up 4.7% for the quarter and 5.6% for the 40 weeks.

Net income for the quarter rose 11.5% to $5.8 million and included a loss of $600,000, or 2 cents per share, resulting from last January's earthquake in Southern California.

For the year to date, the company reported net income of $13.5 million, compared with a loss of $785,000, or 63 cents per share, a year ago resulting from a nonrecurring first-quarter charge relating to adoption of new accounting standards. Excluding that charge, net income of $13.5 million for the 40 weeks reflected an increase of 11.9%, the company said.

Smart & Final plans to expand its Port Stockton, Calif., distribution center -- from a $65 million capacity to $300 million.

3rd-QUARTER RESULTS

Qtr Ended 10/9/94 10/10/93

Sales $289.2 million $264.8 million

Change 9.2%

Same-store 4.7%

Net Income $5.8 million $5.2 million

Change 11.5%

Inc/Share 28 cents 25 cents

40 Weeks 1994 1993

Sales $705 million $636.6 million

Change 10.7%

Same-store 5.6%

Net Income $13.5 million ($185,000)

Inc/Share 66 cents (4 cents)