SAME-STORE SALES UP AT EAGLE FOOD

MILAN, Ill. -- Eagle Food Centers here reported that same-store sales rose 1.9% in the second quarter ended July 29 -- the company's first positive increase since the third quarter of 1990.

raordinary charge of $625,000 related to the refinancing of a revolving credit facility and a one-time charge of $1.2 million related to a lease termination and severance payments.

For 24 weeks, sales decreased 1.5% to $494.6 million. Same-store sales increased 0.6%. Net loss was $9.8 million, compared with a loss of $6.7 million in 1994.

During the quarter, the 94-store chain secured a new $40 million revolving credit facility with Congress Financial Corp., Chicago.

Howard Goldberg, vice president of high-yield research at Smith Barney, New York, attributed Eagle's improved quarterly results to better in-stock positions in health and beauty care and increased use of in-store signs.

2ND-QUARTER RESULTS

Qtr Ended 7/29/95 7/30/94

Sales $249 million $252.2 million

Change - 1.3%

Same-store 1.9%

Net Income ($5.3 million) ($6.3 million)

Inc/Share (48 cents) (58 cents)

24 Weeks 1995 1994

Sales $494.6 million $502.3 million

Change - 1.5%

Same-store 0.6%

Net Income ($9.8 million) ($6.7 million)

Inc/Share (88 cents) (61 cents)