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DELCHAMPS CONTINUES SALES AND PROFIT GROWTH

 MOBILE, Ala., Oct. 13 /PRNewswire/ -- Delchamps, Inc. (NASDAQ-NMS: DLCH) announced today that net earnings for the 13-week period ended Oct. 2 were $4,121,000, an increase of 37.5 percent compared with $2,998,000 earned during the same period last fiscal year.
 The current period's earnings includes the effect of adopting Statement of Financial Accounting Standard No. 109, ("SFAS No. 109"), "Accounting For Income Taxes." Excluding the effect of SFAS No. 109 on the current period's results, earnings increased 7.4 percent compared with the same period last year.
 Sales for the current 13-week period were $266,570,000, an increase of 4.4 percent over last year's sales of $255,374,000. Sales of stores open in both 13-week periods increased .69 percent.
 Net earnings per weighted average shares outstanding were $0.58, compared with $0.42 reported for the first quarter of last year. Excluding the effect of SFAS No. 109 on the current quarter's results, earnings per share were $0.45.
 Randy Delchamps, chairman of the board of directors, president and chief executive officer, gave credit for the quarter's results to the company's continuing focus on more aggressive advertising and promotional plans. Delchamps said, "We're doing a more effective job in reaching consumers while maintaining our competitive pricing program and delivering the superior quality and service that our customers expect."
 During the quarter, the company opened one supermarket and remodeled and expanded one supermarket. The company now operates 119 supermarkets in Alabama, Louisiana, Mississippi and Florida, operates 10 liquor stores in Florida and employs over 8,000 associates.
 DELCHAMPS, INC. AND SUBSIDIARY
 Condensed Statements of Earnings
 (In thousands except per share amounts)
 (Unaudited)
 13 weeks ended 10/2/93 9/26/92
 Amount Pct. sales Amount Pct. sales
 Sales $266,570 100.00 $255,374 100.00
 Cost of sales 197,810 74.21 191,674 75.06
 Gross profit 68,760 25.79 63,700 24.94
 Selling, general and
 administrative expenses 62,619 23.49 57,674 22.58
 Operating income 6,141 2.30 6,026 2.36
 Other expense 1,048 .39 1,320 .52
 Earnings before income taxes
 and cumulative effect of
 change in accounting for
 income taxes 5,093 1.91 4,706 1.84
 Income taxes 1,872 .70 1,708 .67
 Earnings before cumulative
 effect of change in acct.
 for income taxes 3,221 1.21 2,998 1.17
 Cumulative effect of change
 in accounting for income
 taxes 900 .34 --- ---
 Net earnings $ 4,121 1.55 $ 2,998 1.17
 Earnings per common share:
 Earnings before cumulative
 effect of change in acctg.
 for income taxes $ .45 .42
 Cumulative effect of chg.
 in accounting for income
 taxes .13 ---
 Net earns. per common share .58 .42
 Wtd. avg. number of common
 shares 7,114 7,114
 Dividends declared per common
 share .11 .11
 -0- 10/13/93
 /CONTACT: George Waldron, vice president, Marketing & Corporate Relations, of Delchamps, 205-433-0431, ext. 240/
 (DLCH)


CO: Delchamps, Inc. ST: Alabama IN: REA SU: ERN

BR-CF -- AT001 -- 1449 10/13/93 07:33 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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