date:Jun 23, 2014
ise of 13 percent in net sales to $3.2 billion between 2011 and 2013. Net income fell to $8.2 million from $10.5 million during the same period.
The company, headed by 59-year-old David Hirz, a former executive of Kroger, plans to use the proceeds from the offering for debt repayment and general corporate purposes.
California-based Smart Final listed Credit Suisse and Morgan Stanley as lead underwriters to the IPO.
Smart Final's filing with the U.S. Securities and Exchange Commission did no