Deflation blunts traffic growth at Smart & Final in 3Q

Smart & Final Stores late Wednesday said that cannibalization from new stores and deflating prices continue to put sales, comps and earnings under pressure during its fiscal third quarter.

The results prompted the Commerce, Calif.-based operator of value-oriented Smart & Final and Cash & Carry stores to adjust its annual guidance for the second time since July, saying that sales growth and earnings per share will come in at a lower range than previously expected.

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