Smart & Final Inc., which operates 250 food warehouses in California, other Western states and Mexico, said second-quarter profit sank 29% as higher operating costs outweighed modest sales growth.
Net income declined to $5.8 million, or 18 cents a share, from $8.1 million, or 25 cents, a year earlier. The City of Commerce-based company said a strategic review resulted in a charge of 2 cents a share.
