For Better Living 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 net income for the three months ended Sept. 30, 1995, of $48,000 or $.05 per share as compared with a net income of $12,000 or $.01 per share for the comparable period of the prior year. The net income for the nine months ended Sept. 30, 1995, was $389,000 or $.44 per share as compared with a net loss of $421,000 or $.48 per share for the comparable period of the prior year.
For Better Living
Summary of Operations
Three Months Ended Nine Months Ended
Sept. 30, Sept. 24, Sept. 30, Sept. 24,
1995 1994 1995 1994
Net revenues $21,841,000 $18,389,000 $59,060,000 $52,157,000
Costs and expenses:
Cost of sales 13,849,000 11,267,000 36,821,000 32,738,000
Selling, general
and administrative
expenses 7,545,000 6,890,000 20,624,000 19,421,000
Interest expense 336,000 214,000 884,000 636,000
Total Cost and expenses: 21,730,000 18,371,000 58,329,000 52,795,000 Income (loss) before benefit for taxes 111,000 18,000 731,000 (638,000) Provision (benefit) for taxes 63,000 6,000 342,000 (217,000) Net income (loss) $48,000 $12,000 $389,000 $(421,000) Net income (loss) per common share $0.05 $0.01 $0.44 $(0.48)
For Better Living
Summary Balance Sheet
Sept. 30, Sept. 24,
1995 1994
Assets:
Current assets $28,206,000 $26,032,000
Property - net 10,744,000 11,421,000
Available-for-sale securities 1,645,000 3,053,000
Other assets 817,000 755,000
Total Assets $41,412,000 $41,261,000
Liabilities and Stockholders' Equity:
Current liabilities $13,588,000 $13,069,000
Long-term debt and capital
lease obligations 10,058,000 7,520,000
Other (primarily deferred
compensation) 1,083,000 505,000
Stockholders' equity - net 16,683,000 18,369,000
Total liabilities and
stockholders' equity $41,412,000 $41,261,000
For Better Living
Summary Statement of Cash Flows
Nine Months Ended
Sept. 30, Sept. 24,
1995 1994
Net cash used in
operating activities $(3,707,000) $(2,608,000)
Net cash provided by
(used in) investing
activities 575,000 (1,773,000)
Net cash provided by
financing activities 2,608,000 1,531,000
Net decrease in cash and
cash equivalents $(524,000) $(2,850,000)
CONTACT: For Better Living Inc. Karl Karl. For German and Swedish kings thus named, use Charles. M. Stockbridge/Jennifer Ewing Ew·ing , James 1866-1943. American pathologist. An authority on cancer, he established oncology as a clinical specialty. , 916/823-9600 |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion