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DELCHAMPS ANNOUNCES FIRST QUARTER RESULTS

 DELCHAMPS ANNOUNCES FIRST QUARTER RESULTS
 MOBILE, Ala., Oct. 7 /PRNewswire/ -- Delchamps, Inc.


(NASDAQ-NMS: DLCH) announced today that net earnings for the 13-week period ended Sept. 26 were $2,998,000, an increase of 581.4 percent compared with $440,000 earned during the same period last fiscal year.
 Sales increased 9.2 percent to $255,374,000 compared with $233,844,000 last year.
 Net earnings per weighted average share outstanding were $0.42 compared with $0.06 reported for the first quarter of last year. Sales for stores open in both 13-week periods increased 5.84 percent.
 Randy Delchamps, chairman of the board of directors, president and chief executive officer, said: "We are pleased to be able to report improved results in difficult economic times. This reflects our controlling expenses and a more aggressive marketing program. We will maintain these efforts and we expect continued success in the near future and long-term."
 During the quarter, the company remodeled and expanded two stores and now operates 115 supermarkets in Louisiana, Mississippi, Alabama and Florida.
 DELCHAMPS, INC. AND SUBSIDIARY
 Condensed Statements of Earnings
 (In thousands except per share amounts)
 (Unaudited)
 13 weeks ended 9/26/92 9/28/91
 Amount Pct. sales Amount Pct. sales
 Sales $255,374 100.00 $233,844 100.00
 Cost of sales 191,674 75.06 176,387 75.42
 Gross profit 63,700 24.94 57,457 24.57
 Selling, general and
 administrative expenses 57,674 22.58 55,808 23.87
 Operating income 6,026 2.36 1,649 .71
 Other expense 1,320 .52 1,205 .52
 Earnings before income taxes 4,706 1.84 444 .19
 Income taxes 1,708 .67 4 ---
 Net earnings $ 2,998 1.17 $ 440 .19
 Net earnings per common
 share $ .42 $ .06
 Weighted average number of
 common shares 7,114 7,132
 Dividends declared per
 common share $ .11 $ .11
 -0- 10/7/92
 /CONTACT: James H. McDonald Jr., vice president and general counsel of Delchamps, 205-433-0431, ext. 290/
 (DLCH) CO: Delchamps, Inc. ST: Alabama IN: REA SU: ERN


BN-BR -- AT001 -- 7313 10/07/92 07:30 EDT
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Publication:PR Newswire
Date:Oct 7, 1992
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