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COMCOA REPORTS THIRD QUARTER RESULTS

 COMCOA REPORTS THIRD QUARTER RESULTS
 WICHITA, Kan., Nov. 6 /PRNewswire/ -- COMCOA Inc. (NASDAQ: CCOA)


today reported that revenues for its third quarter, a 12 week period ended Oct. 4, 1992, increased 12.1 percent to $13,293,946. Net earnings were $940,293 or 18 cents per share. For the corresponding period in the prior year, revenues and net earnings were $11,854,691 and $899,640, respectively. The per share computations resulted in net earnings of 18 cents per share in the prior year.
 Revenues for the first 36 weeks of the current fiscal year were $40,108,343 versus $37,212,338 for the like period in the preceding year, a 7.8 percent increase. The current year-to-date net earnings were $3,573,539, or 71 cents per share, an 18.3 percent increase over the like period last year.
 COMCOA is a franchisee of Rent-A-Center Inc. and owns and operates 78 Rent-A-Center stores in Florida, Georgia, Alabama and Mississippi at Oct. 4, 1992. One store opened subsequent to quarter-end, and the company currently operates 79 stores.
 COMCOA INC.
 Summary Financial Data
 12 Weeks Ended 36 Weeks Ended
 Oct. 4, Oct. 6, Oct. 4, Oct. 6,
 1992 1991 1992 1991
 Statement of Earnings Data:
 Revenues $13,293,946 $11,854,691 $40,108,343 $37,212,338
 Costs and
 expenses 11,730,862 10,293,358 34,544,702 31,914,843
 Operating income 1,563,084 1,561,333 5,563,641 5,297,495
 Other income -
 lawsuit settlement --- --- 400,000 ---
 Interest expense,
 net 57,208 118,982 235,402 475,184
 Earnings before
 income taxes 1,505,876 1,442,351 5,728,239 4,822,311
 Income taxes 565,583 542,711 2,154,700 1,814,586
 Net earnings $940,293 $899,640 $3,573,539 $3,007,725
 Net earnings -
 per common share -
 (primary and
 fully diluted) $.18 $.18 $.71 $.60
 Weighted average
 common and common
 equivalent shares
 outstanding 5,085,277 5,008,411 5,049,151 4,997,106
 Selected Balance Sheet Data: Oct. 4, 1992 Jan. 26, 1992
 Current assets $2,570,840 $1,708,628
 Total assets 25,510,111 22,035,205
 Current liabilities 10,335,796 5,388,319
 Total liabilities 10,335,796 10,888,319
 Stockholders' equity 15,174,315 11,146,886
 -0- 11/6/92
 /CONTACT: Gary L. Simmons of COMCOA, 316-683-4411/
 (CCOA) CO: COMCOA Inc. ST: Kansas IN: REA SU: ERN


BB -- DV002 -- 8171 11/06/92 12:16 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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