Printer Friendly

BIG B, INC. REPORTS EARNINGS

 BESSEMER, Ala., March 5 /PRNewswire/ -- Big B, Inc. (NASDAQ: BIGB) announced today record sales and earnings for both the fourth quarter and the fiscal year that ended Jan. 30.
 Earnings for the year rose 40.7 percent to $9,205,000 from $6,542,000 in the prior year while earnings per common share rose to $1.20 from $.86. For the 14-week fourth quarter, earnings rose 34.3 percent to $4,382,000 from $3,263,000 in the comparable prior year quarter. Earnings per common share rose to $.57 from $.43.
 Sales topped the one-half-billion mark for the first time, reaching a record $502,712,000, up 3.0 percent from $487,890,000 in the prior year. For the fourth quarter sales rose 5.0 percent, reaching $146,916,000 as compared to $139,966,000 in the comparable prior year period.
 Anthony Bruno, chairman of the board, stated that he was very pleased with the results for the year and noted that these results mark nine consecutive quarters of increased earnings as compared to the same quarters in the previous years.
 Big B's board of directors approved a $.05 per share quarterly dividend payable April 2 to shareholders of record on March 19.
 Big B, Inc. is currently the country's 12th-largest drug store chain operating 305 stores in the five states of Alabama (151), Georgia (107), Florida (20), Mississippi (9), and Tennessee (18).
 BIG B, INC.
 Year ended 1/30/93 2/1/92
 Sales $502,712,000 $487,890,000
 Net income 9,205,000 6,542,000
 Net income per common share $ 1.20 $ .86
 Average shares outstanding 7,688,000 7,647,000
 14 weeks ended 1/30/93 2/1/92
 Sales $146,916,000 $139,966,000
 Net income 4,382,000 3,263,000
 Net income per common share $ .57 $ .43
 Average shares outstanding 7,708,000 7,661,000
 -0- 3/5/93
 /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 -- AT003 -- 3349 03/05/93 09:51 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 5, 1993
Words:356
Previous Article:CHARMING SHOPPES REPORTS FEBRUARY SALES
Next Article:NORFOLK SOUTHERN ANNOUNCES OFFICER ASSIGNMENTS
Topics:


Related Articles
BIG B REPORTS RESULTS
BIG B, INC. REPORTS RESULTS
EQUIFAX POSTS 20 PERCENT INCREASE IN FIRST QUARTER REVENUE
MAVESA S.A. ANNOUNCES FIRST QUARTER 1995 RESULTS
BIG B, INC. REPORTS RECORD SALES AND EARNINGS; INCREASES QUARTERLY DIVIDEND 25%
ESSENTIAL RESOURCES, INC. ANNOUNCES QUARTERLY RESULTS
BIG B, INC. ANNOUNCES THAT SALES AND EARNINGS WILL FALL BELOW CURRENT MARKET ESTIMATES
ENNIS BUSINESS FORMS, INC. REPORTS FIRST QUARTER OPERATING RESULTS
ALPHANET SOLUTIONS ANNOUNCES PRELIMINARY SECOND QUARTER OPERATING RESULTS
MEDQUIST REPORTS 33.3% GROWTH IN REVENUE

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters