NEW STORES BOOST SALES AT FOODARAMA

FREEHOLD, N.J. -- Foodarama Supermarkets here said its sales for the fourth quarter ended Nov. 1 rose 13.6% to $266.7 million, in large part because of four new stores that the company opened between December 2002 and October 2003.

es were up 8.8% to $1.05 billion, same-store sales grew 1.5%, net income declined 28.1% to $2.3 million, and earnings per share were $2.26, vs. $3.01 the previous year.

4th-Quarter Results

Qtr Ended 11/1/031 1/2/02

Sales $266.7 million $234.8 million

Change +13.6%

Same-store +3.5%

Net Income $1.23 million $0.59 million

Change +108.5%

Inc/Share $1.22 57 cents

52 Weeks 2003 2002

Sales $1.05 billion $0.96

Change +8.8%

Same-store +1.5%

Net Income $2.3 million $3.2 million

Change -28.1%

Inc/Share $2.26 $3.01