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/FIRST AND FINAL ADD -- MN031 -- GROW BIZ EARNINGS/

 GROW BIZ INTERNATIONAL, INC.
 STATEMENTS OF OPERATIONS
 Quarter Ended Pct.
 9/25/93 9/30/92 Change
 Revenue:
 Merchandise sales $11,704,000 $7,920,800 47.8
 Franchise fees 860,000 984,500 (12.6)
 Royalties 913,300 405,600 125.2
 Advertising and other 144,500 100,600 43.6
 Total revenue $13,621,800 $9,411,500 44.7
 Cost of merchandise sold 10,775,000 7,385,300 45.9
 Selling, general
 and administrative
 Expenses 2,676,800 1,562,200 71.3
 Income from operations 170,000 464,000 (63.4)
 Interest expenses, net 49,100 30,500 61.0
 Pretax income 120,900 433,500 (72.1)
 Income tax expense 48,000 172,000 (72.1)
 Net income $72,900 $261,50 (72.1)
 Net income per common share $.01 $.05
 Weighted average shares
 outstanding 6,143,000 5,174,000
 Nine Months Ended
 9/25/93 9/30/92 Pct.
 Change
 Revenue:
 Merchandise sales $31,492,000 $14,954,000 110.6
 Franchise fees 1,969,000 2,046,000 (3.8)
 Royalties 2,491,000 1,058,000 135.4
 Advertising and other 282,000 186,000 51.6
 Total revenue $36,234,000 $18,244,000 98.6
 Cost of merchandise sold 29,198,000 13,923,000 109.7
 Selling, general
 and administrative
 Expenses 6,485,000 3,392,000 91.2
 Income from operations 551,000 929,000 (40.7)
 Interest expense, net 165,000 91,000 81.3
 Pretax income 386,000 838,000 (53.9)
 Income tax expense 158,000 352,000 (55.1)
 Net income $228,000 $486,000 (53.1)
 Net income per common share $.04 $.10
 Weighted average shares
 outstanding 6,043,000 4,909,000
 -0- 10/21/93 AA MN031
 /END FIRST AND FINAL ADD/
 /PRNewswire -- Oct. 21


DS-CP -- MN031A -- 5457 10/21/93 16:58 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:315
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