WESTERN BEEF HAS RECORD PERIOD PROFITS

RIDGEWOOD, N.Y. -- Western Beef here, a group of warehouse-style supermarkets in the New York metro area, announced record earnings in the fourth quarter ended Dec. 30.

.3 million from $71.2 million for 13 weeks, and 6.5% to $292 million from $274.1 million for 52 weeks. The company attributed the sales increases to a full year's results from stores opened in 1993.

Western Beef operates 14 warehouse-style supermarkets primarily in lower income neighborhoods in New York City and Long Island.

Three more sites are scheduled to open by June. On Staten Island, Western Beef will take over a store vacated this winter by King Kullen, Westbury, N.Y. The other two stores are planned for Brooklyn and Long Island.

4TH-QUARTER RESULTS

Qtr Ended 12/30/94 12/31/93

Sales $72.3 million $71.2 million

Change 1.5%

Net Income $1.4 million $883,211

Change 58%

Inc/Share 25 cents 16 cents

52 Weeks 1994 1993

Sales $292 million $274.1 million

Change 6.5%

Net Income $4.7 million $4.4 million

Change 7.9%

Inc/Share 87 cents 81 cents