For Better Living Inc. reports results.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. , Calif.--(BUSINESS WIRE)--Nov. 12, 1996--Richard G. 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 net income for the three months ended Sept. 28, 1996, of $94,000, or 11 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared with net income of $48,000, or 5 cents per share, for the comparable period of the prior year. The net income for the nine months ended Sept. 28, 1996, was $473,000, or 54 cents per share, compared with a net income of $389,000, or 44 cents per share, for the comparable period of the prior year. -0-
SUMMARY OF OPERATIONS
Three Months Ended Nine Months Ended
Sept. 28, Sept. 30, Sept. 28, Sept. 30,
1996 1995 1996 1995
NET REVENUES $24,126,000 $21,841,000 $71,437,000 $59,060,000
COST AND EXPENSES:
Cost of sales 15,646,000 13,849,000 46,627,000 36,821,000
Selling, general
and administra-
tive expenses 7,927,000 7,545,000 22,859,000 20,624,000
Interest expense 396,000 336,000 1,161,000 884,000
Total Cost and
Expenses 23,969,000 21,730,000 70,647,000 58,329,000
INCOME BEFORE PROVISION
FOR TAXES 157,000 111,000 790,000 731,000
PROVISION FOR TAXES 63,000 63,000 317,000 342,000
NET INCOME $ 94,000 $ 48,000 $ 473,000 $ 389,000
NET INCOME PER
COMMON SHARE: $0.11 $0.05 $0.54 $0.44
-0-
SUMMARY BALANCE SHEET
Sept. 28, Dec. 30,
1996 1995
ASSETS:
Current assets $33,043,000 $29,052,000
Property - net 10,375,000 11,353,000
Available-for-sale securities 144,000 1,700,000
Other assets 541,000 477,000
TOTAL ASSETS $44,103,000 $42,582,000
LIABILITIES AND STOCKHOLDERS' EQUITY:
Current liabilities $12,581,000 $13,182,000
Long-term debt and capital
lease obligations 13,664,000 11,718,000
Other (primarily deferred
compensation) 1,024,000 1,039,000
Stockholders' equity - net 16,834,000 16,643,000
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $44,103,000 $42,582,000
-0-
SUMMARY STATEMENT OF CASH FLOWS
Nine Months Ended
Sept. 28, Sept. 30,
1996 1995
NET CASH USED IN
OPERATING ACTIVITIES $(3,414,000) $(3,707,000)
NET CASH PROVIDED BY
INVESTING ACTIVITIES 1,424,000 575,000
NET CASH PROVIDED
BY FINANCING ACTIVITIES 1,764,000 2,608,000
NET DECREASE IN CASH AND
CASH EQUIVALENTS $ (226,000) $ (524,000)
CONTACT: For Better Living Inc., Auburn 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. Jennifer Jennifer became a common first name for females in English-speaking countries during the 20th century. The name Jennifer is a Cornish variant of Guinevere, deriving ultimately from Proto-Celtic *windo-seibaro- "white ghost", via Brythonic *wino-hibirā (cf. P. Ewing Ew·ing , James 1866-1943. American pathologist. An authority on cancer, he established oncology as a clinical specialty. 916/823-9600 |
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