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COMCOA REPORTS YEAR-END RESULTS

 COMCOA REPORTS YEAR-END RESULTS
 WICHITA, Kan., March 27 /PRNewswire/ -- COMCOA Inc. (NASDAQ: CCOA)


today reported that revenues for the year ended Jan. 26, 1992, were $52,876,240 and resulted in net earnings of $4,053,497 or 81 cents per share. In the prior year, revenues totaled $53,060,908 and net earnings were $3,500,405 or 70 cents per share.
 COMCOA, is a franchisee of Rent-A-Center Inc. and currently owns and operates 76 Rent-A-Center stores in Florida, Alabama, Mississippi and Georgia.
 COMCOA INC.
 Summary Financial Data
 Fiscal Years Ended
 Jan. 26, Jan. 27,
 1992 1991
 Statement of Earnings Data:
 Revenues $52,876,240 $53,060,908
 Costs and expenses 45,776,820 46,918,669
 Operating income 7,099,420 6,142,239
 Interest expense 599,382 1,100,160
 Earnings before income
 taxes and extraordinary item 6,500,038 5,042,079
 Income taxes 2,446,541 1,847,371
 Earnings before
 extraordinary item 4,053,497 3,194,708
 Income tax benefit of net
 operating loss carryforwards --- 305,697
 Net earnings $4,053,497 $3,500,405
 Net earnings per common and
 common equivalent share-
 primary and fully diluted $.81 $.70
 Weighted average common and
 common equivalent shares
 outstanding 5,000,926 4,978,395
 Selected balance sheet data:
 Current assets $1,708,628 $1,377,966
 Total assets 22,035,205 21,539,908
 Current liabilities 5,388,319 5,562,965
 Total liabilities 10,888,319 14,541,109
 Stockholders' equity 11,146,886 6,998,799
 -0- 3/27/92
 /CONTACT: Gary L. Simmons of COMCOA, 316-683-4411/
 (CCOA) CO: COMCOA Inc. ST: Kansas IN: REA SU: ERN


MC -- DV004 -- 2300 03/27/92 10:37 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 27, 1992
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