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MEGAFOODS STORES INC. ANNOUNCES PRELIMINARY RESULTS FOR THE THIRD QUARTER

 MESA, Ariz., Nov. 5 /PRNewswire/ -- Megafoods Stores Inc. (NASDAQ: MEGF; AMEX: MFS.A) today stated that its third quarter results to be announced on Tuesday, Nov. 9, will be below market expectations. As previously indicated, the company will incur a loss in this period primarily as a result of the cost of opening the 15 Texans' Warehouse Foods stores in San Antonio.
 While final numbers are being reviewed, including the income tax calculation, a loss of $0.60 per share is presently estimated.
 Sales for the period were $94,364,000, compared to $72,230,000 in the same quarter in 1992, an increase of 30.6 percent. Same store sales for the third quarter were up 1.2 percent.
 An investor teleconference will take place on Wednesday, Nov. 10, at 11 a.m. EST. Investors and their advisors interested in participating should call Sondra Mize for details.
 -0- 11/5/93
 /CONTACT: Jack J. Walker, CFO, 602-957-3152, or Sondra L. Mize, investor relations, 602-545-3235, both of Megafoods Stores/
 (MEGF MFS)


CO: Megafoods Stores Inc. ST: Arizona IN: REA SU: ERP

NY-JL -- LA029 -- 1325 11/05/93 15:34 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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