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BIG B REPORTS RECORD SALES AND EARNINGS

 BESSEMER, Ala., Aug. 24 /PRNewswire/ -- Big B, Inc. (NASDAQ: BIGB) announced today that it had achieved record sales and earnings for both the 12-week and 26-week periods ended July 31.
 For the 12-week second quarter, net earnings rose 31.6 percent to a record $1,849,000 from $1,405,000 in the prior year. Sales for the quarter rose 20.6 percent to a record $131,304,000 from $108,865,000 previously. Earnings per share rose to $.25 from $.18 in the prior year.
 During the 26-week period net earnings reached a record $5,181,000, up 27.6 percent from $4,059,000 in the prior year, while sales rose 14.7 percent to a record $282,097,000 as compared to $246,022,000 in the prior year. Earnings per share rose to $.67 from $.53 previously.
 Big B Chairman of the Board Anthony Bruno stated that this makes 11 consecutive quarters of sales and earnings growth and that he is optimistic this growth will continue during the second half of the fiscal year.
 Big B's expansion program continued with the opening of three new stores and the relocation of two stores during the quarter. The new stores are located in Birmingham, Ala.; Chattanooga, Tenn.; and Tallahassee, Fla. The two relocated stores are in Birmingham and Atlanta. Six to eight new stores are planned for the second half of this fiscal year.
 Big B's board of directors continued to express their confidence in the future outlook for Big B by approving a $.06 per share quarterly dividend payable Sept. 16 to shareholders of record on Sept. 3.
 Big B, Inc. operates 351 stores in Alabama (152), Georgia (151), Florida (21), Mississippi (8), and Tennessee (19).
 BIG B, INC.
 26 wks. ended 7/31/93 8/1/92
 Net sales $282,097,000 $246,022,000
 Net income 5,181,000 4,059,000
 Earnings per share $ .67 $ .53
 Avg. shares outstanding 7,723,000 7,675,000
 12 wks. ended 7/31/93 8/1/92
 Net sales $131,304,000 $108,865,000
 Net income 1,849,000 1,405,000
 Earnings per share $ .25 $ .18
 Average shares outstanding 7,734,000 7,679,000
 -0- 8/24/93
 /CONTACT: Mike Tortorice of Big B, 205-424-3421, ext. 213/
 (BIGB)


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

BR-BN -- AT005 -- 5446 08/24/93 12:26 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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