VOLUME RISES, INCOME SLIDES AT FOODARAMA

Supermarket News

Mon, 1997-09-22 12:00

FREEHOLD, N.J. -- Foodarama Supermarkets here said sales for the 13-week third quarter ended Aug. 2 were $161.1 million, up 8.9% from $147.8 million in the year-ago period. ales from the 18 units operated for 13 weeks in both periods increased 2.6%.Net income in the quarter was $245,000, or 22 cents per share, a decrease of 23% compared with $320,000, or 25 cents per share, in the previous third quarter.3RD-QUARTER

FREEHOLD, N.J. -- Foodarama Supermarkets here said sales for the 13-week third quarter ended Aug. 2 were $161.1 million, up 8.9% from $147.8 million in the year-ago period.

ales from the 18 units operated for 13 weeks in both periods increased 2.6%.

Net income in the quarter was $245,000, or 22 cents per share, a decrease of 23% compared with $320,000, or 25 cents per share, in the previous third quarter.

3RD-QUARTER RESULTS

Qtr Ended 8/2/97 7/27/96

Sales $161.1 million $147.8 million

Change + 8.9%

Same-store + 2.6%

Net Income $245,000 $320,000

Change - 23%

Inc/Share 22 cents 25 cents

39 Weeks 1997 1996

Sales $480.5 million $434.9 million

Change + 10.5%

Same-store + 2.0%

Net Income $493,000 $1.19 million

Change - 58.6%

Inc/Share 39 cents 97 cents

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