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For Better Living Inc. makes announcement.


Fabian Fa·bi·an  
adj.
1.
a. Of or relating to the caution and avoidance of direct confrontation typical of the Roman general Quintus Fabius Maximus.

b. Cautious or dilatory, as in taking action.

2.
, chairman of the board of For Better Living Inc., reported a net income for the three months ended July July: see month.  1, 1995, of $198,000 or $.23 per share as compared with a net income of $162,000 or $.18 per share for the comparable period of the prior year.
                        For Better Living Inc.
                        Summary of Operations


                         Three Months Ended        Six Months Ended
                        July 1,     June 25,      July 1,     June 25,
                         1995         1994         1995         1994


NET REVENUES          $19,503,000  $18,554,000  $37,219,000  $33,768,000


COST AND
  EXPENSES:
  Cost of sales        12,223,000   11,741,000   22,972,000   21,471,000
  Selling, general
    and
    administrative
    expenses            6,590,000    6,352,000   13,079,000   12,531,000
  Interest expense        309,000      216,000      548,000      422,000


Total Cost and
  Expenses:            19,122,000   18,309,000   36,599,000   34,424,000


INCOME(LOSS) BEFORE
  BENEFIT FOR TAXES       381,000      245,000      620,000     (656,000)


PROVISION(BENEFIT)
  FOR TAXES               183,000       83,000      279,000     (223,000)


NET INCOME(LOSS)      $   198,000  $   162,000  $   341,000  $  (433,000)


NET INCOME(LOSS) PER
  COMMON SHARE        $      0.23  $      0.18  $      0.39  $     (0.49)


SUMMARY BALANCE SHEET:


                                             July 1,    December 31,
                                              1995         1994


ASSETS:
  Current Assets                             $26,861,000  $26,336,000
  Property -net                               10,895,000   10,834,000
  Available-for-sale securities                1,575,000    1,605,000
  Other assets                                   786,000      729,000


TOTAL ASSETS                                 $40,117,000  $39,504,000


LIABILITIES AND STOCKHOLDERS' EQUITY:
Current liabilities                          $13,053,000  $15,390,000
Long-term debt and capital lease obligations   9,331,000    5,790,000
Other(primarily deferred compensation)         1,140,000    1,356,000
Stockholders' equity-net                      16,593,000   16,968,000


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $40,117,000  $39,504,000




SUMMARY STATEMENT OF CASH FLOWS:


                                          Six Months Ended
                                      July 1,           June 25,
                                       1995               1994


NET CASH PROVIDED BY (USED IN)
  OPERATING ACTIVITIES               $(3,118,000)   $(2,507,000)


NET CASH PROVIDED BY (USED IN)
  INVESTING ACTIVITIES                   849,000     (1,474,000)


NET CASH PROVIDED BY FINANCING
  ACTIVITIES                           2,055,000      1,012,000


NET INCREASE (DECREASE) IN CASH
  AND CASH EQUIVALENTS               $  (214,000)   $(2,969,000)


CONTACT: For Better Living Inc., Auburn Auburn (ô`bərn).

1 City (1990 pop. 33,830), Lee co., E Ala.; inc. 1839. The city's economy centers around Auburn Univ.; there is some manufacturing.

2 City (1990 pop. 24,309), seat of Androscoggin co.


Karl Karl. For German and Swedish kings thus named, use Charles.  M. Stockbridge Stockbridge, town, United States
Stockbridge, resort town (1990 pop. 2,408), Berkshire co., W Mass., on the Housatonic River, in the Berkshire Mts.; inc. 1739. It is a year-round tourist resort with nearby lake, ski, and recreational areas.
, 916/823-9600
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 15, 1995
Words:379
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