Big B, Inc. reports record sales and earnings; increases quarterly dividend 25%.BESSEMER, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--May 30, 1995--Big B, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). symbol BIGB) reported today that it once again had achieved both record sales and earnings. Based on these earnings and as an expression of confidence in the outlook for the fiscal year, Big B's, Board of Directors voted to increase the quarterly dividend 25% to $.05 per share. The dividend is payable June 23, 1995 to shareholder of record on June 9, 1995. For the fourteen week first quarter which ended May 6, 1995, net earnings reached a record $4,807,000 up 17.4% from $4,094,000 in the prior year. Earnings per share rose to $.28 from $.24. Sales rose to a record $195,183,000 up 8.8% from $179,315,000 previously. Anthony Bruno, Chairman of Big B, in his annual address to shareholders stated that he was gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the positive reception the Company received during its recently completed stock offering. He also stated that the first quarter results make eighteen consecutive quarters of sales and earnings increases, and that he was optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that the record results of the first quarter would continue throughout the year. Reporting on store expansion, Mr. Bruno stated that three stores were opened during the first quarter and one store was closed bring the total stores in operation to 369. The new stores are located in Dothan and Piedmont, Alabama Piedmont is a small, rural town in Calhoun County, Alabama, United States. At the 2000 census the population was 5,120. It is included in the Anniston-Oxford, Alabama Metropolitan Statistical Area. , and Augusta, 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. . Mr. Bruno noted that the Company will open approximately twenty-five stores this fiscal year. Big B is the nation's 10th largest drug chain and operates 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). (160), Georgia (157), Florida (24), Mississippi Mississippi, state, United States Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by (7), and Tennessee (21). -0-
BIG B, INC.
Year to Date
5-06-95 5-07-94
Sales $195,183,000 $179,315,000
Net Income $4,807,000 $4,094,000
Net Income Per Share
Primary $0.31 $0.26
Fully Diluted $0.28 $0.24
Average Shares Outstanding
Primary 15,718,609
Fully Diluted 19,051,885
Actual Shares Outstanding
Primary 18,542,979
Fully Diluted 21,842,159
CONTACT: Big B, Inc., Bessemer Mike Tortorice, 205/424-3421 |
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