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GENOVESE DRUG STORES REPORTS RESULTS

 GENOVESE DRUG STORES REPORTS RESULTS
 MELVILLE, N.Y., June 3 /PRNewswire/ -- Leonard Genovese, chairman of


the board and president of Genovese Drug Stores, Inc. (AMEX: GDXA), a chain of 97 super drug stores with locations in New York, New Jersey and Connecticut, today reported sales and net income for its first quarter of fiscal 1993, which ended May 22, 1992.
 Sales increased 3.9 percent to $138,102,000 from $132,943,000 last year. Net income was $1,253,000, or 17 cents per common share vs. $1,448,000, or 20 cents per common share in the corresponding period a year ago.
 GENOVESE DRUG STORES, INC.
 16 weeks ended 5/22/92 5/24/91
 Sales $138,102,000 $132,943,000
 Net income 1,253,000 1,448,000
 Net income per common share $.17 $.20(A)
 Average number of common
 shares outstanding 7,516,000 7,366,000(A)
 (A) -- Adjusted retroactively to reflect the effect of a 10 percent stock dividend distributed July 8, 1991.
 -0- 6/3/92
 /CONTACT: Jerome Stengel, VP and treasurer of Genovese Drug Stores, 516-420-1900/
 (GDXA) CO: Genovese Drug Stores Inc. ST: New York IN: REA SU: ERN


TQ-CK -- NY024 -- 6566 06/03/92 10:30 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
Words:207
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