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CAGLE'S, INC. ANNOUNCES EARNINGS

 ATLANTA, Nov. 3 /PRNewswire/ -- J. Douglas Cagle, chairman and chief executive officer, today announced the following earnings for Cagle's, Inc. (AMEX: CGLA) for the quarter and 26-week period ended Oct. 2:
 CAGLE'S, INC.
 (In thousands, except per share amounts)
 13 weeks ended 10/2/93 9/26/92
 Net sales $81,827 $69,665
 Income before cumulative prior year's
 effect of the change in
 accounting principle $ 2,112 $ 1,307
 Cumulative prior year's effect of change
 in accounting for income taxes $ --- $ ---
 Net income $ 2,112 $ 1,307
 Per common share:
 Income before cumulative prior year's
 effect of the change in
 accounting principle $ 1.01 $ .62
 Cumulative prior year's effect of the
 change in accounting for income taxes $ --- $ ---
 Net income per share $ 1.01 $ .62
 26 weeks ended 10/2/93 9/26/92
 Net sales $157,655 $131,750
 Income before cumulative prior year's
 effect of the change in
 accounting principle $ 4,242 $ 2,163
 Cumulative prior year's effect of change
 in accounting for income taxes $ --- $ 490
 Net income $ 4,242 $ 2,653
 Per common share:
 Income before cumulative prior year's
 effect of the change in
 accounting principle $ 2.02 $ 1.03
 Cumulative prior year's effect of the
 change in accounting for income taxes $ --- $ .23
 Net income per share $ 2.02 $ 1.26
 Mr. Cagle reported that market prices had remained strong through the quarter, exceeding year-ago levels by approximately 7 percent and 8 percent respectively for the quarter and six-month periods. He indicated a cautious optimism for future earnings prospects, tempered with the reality that the impact of the summer flooding in the grain belt and drought in the Southeast are currently impacting grain prices and are expected to do so into next summer.
 -0- 11/3/93
 /CONTACT: Kenneth R. Barkley, senior vice president - Finance, treasurer, Cagle's, Inc., 404-355-2820/
 (CGLA)


CO: Cagle's, Inc. ST: Georgia IN: FOD SU: ERN

RA-BN -- AT006 -- 0003 11/03/93 09:15 EST
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Publication:PR Newswire
Date:Nov 3, 1993
Words:320
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