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FOODARAMA REGISTERS PROFIT, BUT SHOWS DECLINE IN VOLUME

FREEHOLD, N.J. -- Sales at Foodarama Supermarkets here dropped 4.5% in the second quarter and 4.4% in the half ended April 27.in reported. Foodarama plans to open two stores in the third quarter. In the 26 weeks, sales decreased to $287.1 million vs. $300.2 million last year. Same-store sales for the 18 units rose 4.3% for the quarter and 4.9% for the half. Quarterly net income was $374,000 vs. a

FREEHOLD, N.J. -- Sales at Foodarama Supermarkets here dropped 4.5% in the second quarter and 4.4% in the half ended April 27.

in reported. Foodarama plans to open two stores in the third quarter. In the 26 weeks, sales decreased to $287.1 million vs. $300.2 million last year. Same-store sales for the 18 units rose 4.3% for the quarter and 4.9% for the half. Quarterly net income was $374,000 vs. a $1.2 million loss a year ago. In the half, net income was $870,000 vs. a $1.4 million loss a year before.

2ND-QUARTER RESULTS

Qtr Ended 4/27/96 4/29/95

Sales $140.8 million $147.4 million

Change - 4.5%

Same-store + 4.3%

Net Income $374,000 ($1.2 million)

Inc/Share 31 cents ($1.12)

26 Weeks 1996 1995

Sales $287.1 million $300.2 million

Change - 4.4%

Same-store + 4.9%

Net Income $870,000 ($1.4 million)

Inc/Share 72 cents ($1.30)