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DELCHAMPS REPORTS RECORD SALES AND INCREASED EARNINGS

 MOBILE, Ala., Aug. 2 /PRNewswire/ -- Delchamps, Inc. (NASDAQ-NMS: DLCH) reported today that net earnings for the 53-week fiscal year ended July 3 were $14,373,000, compared with $5,799,000 for the preceding year's 52-week fiscal year, an increase of 147.9 percent.
 Net earnings per weighted average share outstanding were $2.02 compared with the $0.81 reported last year.
 Sales for the 53-week fiscal year ended July 3 were a company record $1,034,531,000, an increase of 8.9 percent over sales of $949,849,000 for the 52-week fiscal year ended June 27, 1992. Same store sales (sales for stores open in both the 53-week fiscal year ended July 3 and the 52-week fiscal year ended June 27, 1992) increased 5.7 percent. Same store sales, based on a comparable 53-week period for fiscal year 1992, increased 3.2 percent.
 For the 14-week period ended July 3, net earnings were $4,312,000 compared with $2,669,000 for the 13-week period ended June 27, 1992, an increase of 61.6 percent. Net earnings per share for 1993 were $0.61, compared with $0.37 for the corresponding quarter of 1992.
 Sales for the 14-week period ended July 3 were $282,408,000 compared with $245,321,000 for the 13-week period ended June 27, 1992, an increase of 15.1 percent. Same store sales for the 14-week period ended July 3 increased 10.5 percent over the 13-week period ended June 27, 1992. Same store sales for the 14-week period ended July 3 increased 1 percent over a comparable 14-week period for fiscal year 1992.
 Randy Delchamps, chairman, president and chief executive officer, said: "While we're delighted with the success of 1993 as reflected by record sales and dramatically increased profits, the year was even more significant because it was one in which groundwork was laid that will enable Delchamps to grow and be even more competitive in 1994 and beyond.
 "During this new year we will be opening three new supermarkets, one of which is scheduled to open in Baton Rouge on Aug. 4. We also have plans to remodel and enlarge nine supermarkets and open two new liquor stores. This will increase our total selling space of 3,341,000 square feet by 5.5 percent or 185,000 square feet."
 He further commented that: "We will continue to aggressively expand and remodel in order to satisfy the new service needs of consumers. Our operations have become more efficient so that now we are better able to deliver what the customer wants at a lower cost."
 Delchamps had previously announced an expanded management structure beginning with the new year which included the addition of board member Jesse A. Lewis as executive vice president and chief operating officer and the naming of six vice presidents from within the company.
 During the year, four supermarkets, of which one was a replacement for a smaller store, were opened and seven were remodeled and expanded. At the fiscal year's end, the company operated 118 supermarkets in Alabama, Florida, Mississippi and Louisiana and 10 liquor stores in Florida and employed 8,765 associates.
 DELCHAMPS, INC. AND SUBSIDIARY
 Condensed Statements of Earnings
 (In thousands except per share amounts)
 (Audited)
 14 weeks ended 13 weeks ended
 7/3/93 6/27/92
 Amount Pct. sales Amount Pct. sales
 Sales $282,408 100.00 $245,321 100.00
 Cost of sales 211,443 74.87 183,904 74.96
 Gross profit 70,965 25.13 61,417 25.04
 Selling, general and
 administration expenses 62,895 22.27 56,399 23.00
 Operating income 8,070 2.86 5,018 2.04
 Other expense 1,162 .41 1,281 .52
 Earnings before income taxes 6,908 2.45 3,737 1.52
 Income taxes 2,596 .92 1,068 .43
 Net earnings $ 4,312 1.53 $ 2,669 1.09
 Net earnings per common
 share $ .61 $ .37
 Weighted average number
 of common shares 7,114 7,114
 Dividend declared per
 common share $ .11 $ .11
 53 weeks ended 52 weeks ended
 7/3/93 6/27/92
 Amount Pct. sales Amount Pct. sales
 Sales $1,034,531 100.00 $949,849 100.00
 Cost of sales 770,457 74.47 713,865 75.16
 Gross profit 264,074 25.53 235,984 24.84
 Selling, general and
 administration expenses 236,180 22.83 223,099 23.49
 Operating income 27,894 2.70 12,885 1.35
 Other expense 5,156 .50 4,880 .51
 Earnings before income taxes 22,738 2.20 8,005 .84
 Income taxes 8,365 .81 2,206 .23
 Net earnings $ 14,373 1.39 $ 5,799 .61
 Net earnings per common
 share $ 2.02 $ .81
 Weighted average number
 of common shares 7,114 7,126
 Dividend declared per
 common share $ .44 $ .44
 -0- 8/2/93
 /CONTACT: George Waldron, VP, marketing & corporate relations of Delchamps, 205-433-0431, ext. 240, or, fax, 205-433-0437, ext. 1287/
 (DLCH)


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

BN-RA -- AT001 -- 8129 08/02/93 07:34 EDT
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Date:Aug 2, 1993
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