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BIG B, INC. REPORTS RESULTS

 BESSEMER, Ala., May 25 /PRNewswire/ -- Big B, Inc. (NASDAQ announced today record sales and earnings for the 14 week first quarter which ended May 8.
 For the period, net earnings rose 25.5 percent to a record $3,332,000 from $2,654,000 in the first quarter of the prior year. Earnings per common share rose to $.42 from $.35 for the respective periods. Sales for the period rose to a record $150,793,000 up 9.9 percent from $137,157,000 in the prior year.
 In his address to shareholders at the company's annual meeting, Anthony Bruno, chairman, noted that this strong sales and earnings growth makes 10 consecutive quarters of both sales and earnings increases. Bruno stated that he was pleased with the results and is optimistic that the excellent results of the first quarter will continue throughout the year.
 In view of the earnings gains and as an expression of their confidence in the outlook for the future, Big B's board of directors voted to increase the company's quarterly dividend by 20 percent. The board declared a dividend of $.06 per share payable June 18 to shareholders of record on June 4.
 Bruno also reported on the company's expansion plans noting that in addition to the 45 Treasury stores acquired near quarter end, located primarily in Atlanta, the company also opened four stores which were located in Atlanta and Macon, Ga.; Chattanooga, Tenn.; and Tallahassee, Fla. Big B plans to open a total of 10 to 12 stores in the current fiscal year in addition to the acquired stores and 15 to 20 new stores in the next fiscal year.
 Big B, Inc. operated stores in Alabama (151), Florida (21), Georgia (151), Mississippi (8), and Tennessee (19).
 BIG B, INC.
 14 wks. ended 5/8/93 5/9/92
 Sales $150,793,000 $137,157,000
 Net income 3,332,000 2,654,000
 Net income per common share $ .42 $ .35
 Average shares outstanding 8,371,000 7,675,000
 -0- 5/25/93
 /CONTACT: Arthur M. Jones Sr. of Big B, 205-424-3421, ext. 202/
 (BIGB)


CO: Big B, Inc. ST: Alabama IN: REA SU: ERN DIV

BR-BN -- AT007 -- 2146 05/25/93 12:04 EDT
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Publication:PR Newswire
Date:May 25, 1993
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