HARRY'S REPORTS IMPROVED NET

ROSWELL, Ga. -- Harry's Farmers Market here showed improved results for the second quarter and half-year ended Aug. 2.s, net loss improved to $1.9 million from $3.7 million last year.Net sales increased 8.8% to $40.9 million during the quarter and 4.3% to $75.9 million for the year-to-date.Harry's recorded a charge of $505,000 related to the devaluation of its Nashville property last year. The company

ROSWELL, Ga. -- Harry's Farmers Market here showed improved results for the second quarter and half-year ended Aug. 2.

s, net loss improved to $1.9 million from $3.7 million last year.

Net sales increased 8.8% to $40.9 million during the quarter and 4.3% to $75.9 million for the year-to-date.

Harry's recorded a charge of $505,000 related to the devaluation of its Nashville property last year. The company also took in some $100,000 in other earnings related to rental income.

Harry's attributed its sales increases to the opening of its fourth "megastore" in Clayton County, Ga., in May, as reported.

2ND-QUARTER RESULTS

Qtr Ended 8/2/95 8/3/94

Sales $40.9 million $37.6 million

Change + 8.8%

Net Income ($1.1 million) ($1.5 million)

Inc/Share (19 cents) (24 cents)

26 Weeks 1995 1994

Sales $75.9 million $72.7 million

Change + 4.3%

Net Income ($1.9 million) ($3.7 million)

Inc/Share (33 cents) (60 cents)

Sponsored by: Tyson Deli

SN’s Spotlight on Deli/Fresh Meals series profiles large chains and independent retailers who show innovation in their deli and fresh meals departments. Click Here

Twitter Facebook Youtube Iphone APP RSS Feeds Google Plus