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BIG B, INC. REPORTS RESULTS

 BIG B, INC. REPORTS RESULTS
 BESSEMER, Ala., Nov. 20 /PRNewswire/ -- Big B, Inc. (NASDAQ: BIGB)


announced today that sales and profits have continued their upward trends.
 Net income for the 38 weeks ended Oct. 26 reached $3,279,000 or $.43 per share, vs. a prior year loss of $3,920,000 or $.52 per share. For the 12-week third quarter, Big B earned $393,000 or $.05 per share, vs. a loss of $959,000 or $.13 per share in the prior year.
 For the 38 weeks, the company achieved record sales of $347,924,000, up 6.3 percent from $327,347,000 in the prior year. For the most recent 12 weeks sales reached a record $108,425,000, up 5.1 percent from $103,208,000 in the prior year. These sales were achieved despite Big B currently operating 304 stores vs. 311 during the third quarter of the prior year.
 During the third quarter a new store was opened in Prattville, Ala. During the fourth quarter two new stores are planned to open in Fairhope, Ala., and Tallapoosa, Ga.
 Big B's board of directors announced a $.04 quarterly dividend which will be payable Dec. 20 to shareholders of record on Dec. 6.
 Big B, Inc. operates stores in Alabama (147), Florida (20), Georgia (109), Mississippi (9), and Tennessee (19).
 BIG B, INC.
 38 wks. ended 10/26/91 10/27/90
 Sales $347,924,000 $327,347,000
 Net income (loss) 3,279,000 (3,920,000)
 Earnings (loss) per
 common share $ .43 $ (.52)
 Average shares outstanding 7,641,000 7,520,000
 12 wks. ended 10/26/91 10/27/90
 Sales $108,425,000 $103,208,000
 Net income (loss) 393,000 (959,000)
 Earnings (loss) per
 common share $ .05 $ (.13)
 Average shares outstanding 7,658,000 7,559,000
 -0- 11/20/91
 /CONTACT: Arthur M. Jones Sr. of Big B, 205-424-3421/
 (BIGB) CO: Big B, Inc. ST: Alabama IN: REA SU: ERN DIV


BR-BN -- AT006 -- 5453 11/20/91 12:54 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 20, 1991
Words:341
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