BRUNO'S ANNOUNCES UNAUDITED FOURTH QUARTER AND FISCAL 1995 FINANCIAL HIGHLIGHTS.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--July 27, 1995--Bruno's, Inc. today announced unaudited fourth quarter and fiscal 1995 sales, gross margin, and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before net interest expense, income taxes, depreciation and amortization) results. For the fourth quarter of fiscal 1995, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 1.2% to $668,554,000 compared with $660,931,000 for the fourth quarter of the prior year. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increased 2% for the fourth quarter of fiscal 1995. The gross margin for the fourth quarter was $156,814,000, or 23.46%, compared with $155,033,000, or 23.46%, in the prior year. EBITDA for the fourth quarter was $36,633,000 compared with $34,406,000 in the year-earlier period. For the 52-week fiscal year ended July 1, 1995, revenues were $2,869,569,000 compared with revenues of $2,834,688,000 for the fiscal year ended July 2, 1994. The gross margin for fiscal 1995 was $673,013,000, or 23.45%, compared with $649,101,000, or 22.90%, in the prior year. EBITDA for fiscal 1995 was $128,043,000 compared with $137,038,000 for fiscal 1994. Fiscal 1995 EBITDA results include a $22.2 million adjustment (of which an estimated $19.2 million is non-recurring) recorded in the third quarter to increase the Company's self-insurance self-insurance, n the setting aside of funds by an individual or organization to meet anticipated dental care expenses or dental care claims, and accumulation of a fund to absorb fluctuations in the amount of expenses and claims. reserves for worker's compensation and general liability claims. During fiscal 1995, Bruno's, Inc. opened six new stores and remodeled 15 stores. At year-end, the company operated 252 stores. As previously announced, the proposed merger between Bruno's and Crimson Acquisition Corp. will be submitted to Bruno's shareholders for approval at a special meeting of shareholders to be held on August 18, 1995. Any offering of securities in connection with the merger will be made only by means of a prospectus. Bruno's is a leading regional food retailer operating supermarkets in Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). , Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. , Mississippi, Florida, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , and Tennessee. -0-
BRUNO'S, INC.
Unaudited Financial Highlights
12 Weeks Ended 12 Weeks Ended
7/1/95 7/2/94
Net sales $ 668,554,000 $ 660,931,000
Gross margin 156,814,000 155,033,000
EBITDA 36,633,000 34,406,000
52 Weeks Ended 52 Weeks Ended
7/1/95 7/2/94
Net sales 2,869,569,000 2,834,688,000
Gross margin 673,013,000 649,101,000
EBITDA 128,043,000 137,038,000
CONTACT: Bruno's, Inc., Birmingham 205/940-9400 |
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