EARNINGS OFF AT SMART & FINAL

VERNON, Calif. -- Smart & Final here said sales rose for the second quarter and first half ended June 18, but earnings decreased in both periods due to higher than anticipated start-up costs at its new northern California distribution facility.For the 12-week quarter, the company reported net income of $3.1 million, a 38.6% drop. Net income for the first half was $6.6 million, a 14% decrease. This

VERNON, Calif. -- Smart & Final here said sales rose for the second quarter and first half ended June 18, but earnings decreased in both periods due to higher than anticipated start-up costs at its new northern California distribution facility.

For the 12-week quarter, the company reported net income of $3.1 million, a 38.6% drop. Net income for the first half was $6.6 million, a 14% decrease. This year's earnings included a net charge of $2.1 million related to the April opening

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