RICHFOOD SALES, EARNINGS RISE IN SECOND QUARTER

RICHMOND, Va. -- Richfood Holdings here said a smooth integration of its retail acquisitions helped boost sales and earnings for the second quarter ended Oct. 17.

sition of the Farm Fresh and Shoppers Food Warehouse chains.

Second-quarter sales include $743.4 million in wholesale income, a 7.8% increase, and $404.2 million in retail income, a 466.1% increase, reduced by $238.4 million in intersegment sales -- sales to Richfood-owned stores, the company said.

Net income rose 0.6% to $15.1 million for the quarter and slipped 3.9% to $28.4 million for the 24 weeks, the company said.

According to John Stokely, chairman, "The solid performance demonstrated in our second quarter proves that Richfood is building on its legacy as a wholesaler and is successfully integrating the acquisitions of Farm Fresh and Shoppers Food Warehouse."

2ND-QUARTER RESULTS

Qtr Ended 10/17/98 10/18/97

Sales $909.2 million $719.5 million

Change 26.4%

Net Income $15.1 million $15 million

Change 0.6%

Inc/Share 32 cents 32 cents

24 Weeks 1998 1997

Sales $1.8 billion $1.5 billion

Change 20%

Net Income $28.4 million $29.5 million

Change - 3.9%

Inc/Share 60 cents 62 cents