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 |
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