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CHOCK FULL O' NUTS REPORTS THIRD QUARTER RESULTS

 CHOCK FULL O' NUTS REPORTS THIRD QUARTER RESULTS
 NEW YORK, June 12 /PRNewswire/ -- Chock full o' Nuts Corporation


(NYSE: CHF) today reported net income of $281,000, or $.03 per share, for the three months ended April 30, 1992 compared to net income of $1,677,000 or $.19 per share reported in the comparable period of the prior year. Net sales were $62,969,000 compared to $66,751,000 last year.
 Net income for the nine months was $896,000 or $.09 per share versus $6,458,000 or $.74 per share. Net sales were $189.1 million compared with $201.5 million in the year earlier period.
 Leon Pordy, chairman and chief executive officer, stated, "The recessionary environment has reduced customer demand in our food service operations while price competition continues to effect both food service and retail operations. Also, as previously announced, third quarter profits from peanut operations normalized from the high 1991 levels resulting from drought occasioned shortages. The continued high profit levels in our 'Hillside' specialty coffee category were insufficient to offset these negative factors. As we expect these business conditions to continue for the balance of the fiscal year, we anticipate earnings for the fourth quarter to remain at levels of the prior three quarters of the year."
 Chock full o' Nuts Corporation roasts, packs and markets regular, instant and decaffeinated coffees under the Chock full o' Nuts label. Its best known coffee product is its premium, vacuum-packed, all-method grind coffee. Hillside Coffee of California, a leading roaster, distributor and marketer of specialty whole bean coffees provides a unique direct store delivery and full service merchandising program to supermarkets utilizing attractive end-of aisle, free-standing display kiosks with self-service grinders. The company is also one of the largest marketers of food service and private label coffees, teas and related beverage products, as well as the number one supplier of consumer packaged in-the-shell peanuts in the United States. In May 1992, Jimbo's Jumbos, a 73 percent owned public subsidiary, completed the acquisition of Los Angles Nut House and Fairhope Nut Processing which will increase its West Coast presence and add new nut products to its existing line of peanut products.
 CHOCK FULL O' NUTS CORPORATION
 Summary Financial Information
 Three months ended April 30 1992(A) 1991
 Net sales $ 62,969,000 $ 66,751,000
 Net income 281,000 1,677,000
 Net income per share
 Primary $.03 $.19
 Fully diluted(B) .03 .14
 Nine months ended April 30 1992(A) 1991
 Net sales $189,134,000 $201,505,000
 Net income 896,000 6,458,000
 Net income per share
 Primary $.09 $.74
 Fully diluted(B) .09 .50
 (A) -- Includes the results of operations of Hillside Coffee, acquired in June 1991.
 (B) -- Assuming conversion of outstanding debentures.
 -0- 6/12/92
 /CONTACT: Leon Pordy, chairman of Chock full o' Nuts, 212-532-0300, or Cynthia A. Bond of Silverman, Heller & Bond, 212-682-9222, for Chock full o' Nuts/
 (CHF) CO: Chock full o' Nuts Corporation ST: New York IN: FOD SU: ERN


TS-OS -- NY013 -- 9573 06/12/92 09:46 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
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