VERNON, Calif. -- Smart & Final Inc. here reached the billion-dollar mark in the year ended Dec. 31 when sales jumped 22.8% to $1.17 billion.
Earnings rose 27% for the quarter and 4.6% for the year. The company took a $2.6 million charge for fiscal 1995 related to startup costs of its new distribution center in northern California.
Last week the company opened in Florida the first of six stores planned for the first quarter in Dade and Broward counties. According to one se