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STOP & SHOP ANNOUNCES STRONG OPERATING PERFORMANCE

 BOSTON, March 8 /PRNewswire/ -- Stop & Shop (NYSE: SHP) today announced a substantial increase in earnings from continuing operations for its fourth quarter and Fiscal Year 1992.
 Sales for the 12 weeks ending Jan. 30, 1993, were $810,000,000, compared with $768,000,000 for the same period last year, a five percent increase. Comparable store sales increased one percent over the prior year. Earnings from continuing operations were $14,700,000 in the fourth quarter, compared with $8,000,000 in the same period last year, an 84 percent increase. Fourth quarter earnings per share from continuing operations were 28 cents in 1992, based on 51.7 million shares outstanding, compared with 16 cents in 1991, based on 48.6 million shares outstanding. Net earnings for the quarter were $14,700,000, or 28 cents per share. Net earnings for the prior year's quarter were $22,500,000 or 46 cents per share, after including Bradlees which became a discontinued operation and the extraordinary loss due to early retirement of high interest debt.
 Sales for the 52 weeks ending Jan. 30, 1993, were $3,352,000,000, compared with $3,238,000,000 for the same period last year, a four percent increase. Comparable store sales for the year were level with the prior year. Annual earnings from continuing operations were $54,400,000 in 1992, compared with $37,500,000 for the same period last year, a 45 percent increase. Earnings per share from continuing operations for 1992 were $1.05 per share, based on 51.6 million shares outstanding, compared with $1 per share in 1991, based on 37.6 million shares outstanding.
 The net loss for the 52 weeks was $169,000,000, or $3.28 per share. These results include the previously reported loss of $194,500,000, or $3.77 per share, on the disposition of discontinued operations resulting primarily from non-cash charges associated with the Bradlees divestiture. Also included is an extraordinary loss of $14,900,000, or 29 cents per share, due to the early retirement of high interest debt. Net earnings for 1991 were $23,800,000, or 63 cents per share, including a 14 cents per share loss from discontinued operations and a 23 cents per share extraordinary loss from the early retirement of debt.
 During the fourth quarter, Stop & Shop opened superstores in Newington, Conn., Waterbury, Conn., and Braintree, Mass., thus achieving its goal of adding nine new Super Stop & Shop's to the chain during fiscal 1992. Stop & Shop's 1993 objective of opening 12 new superstores is on schedule, with 11 stores already under construction.
 The company operates 118 Stop & Shop Supermarkets, including 72 superstores, in Connecticut, Massachusetts, Rhode Island and New York.
 THE STOP & SHOP COMPANIES, INC.
 AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 (In Thousands Except Per Share Amounts)
 12 Weeks Ended 52 Weeks Ended
 Jan. 30, Feb. 1 Jan. 30 Feb. 1
 1993 1992 1993 1992
 Retail sales $810,357 $768,104 $3,352,327 $3,238,009
 Cost and expenses:
 Cost of goods sold,
 buying and warehousing
 costs 594,403 569,114 2,471,036 2,405,378
 Selling, store operating
 and administrative
 expenses 154,468 148,253 628,417 602,297
 Depreciation and
 amortization 14,122 12,039 59,373 52,410
 Amortization of goodwill
 and lease interests 1,959 1,881 8,225 8,147
 Costs and expenses 764,952 731,287 3,167,051 3,068,232
 Operating profit 45,405 36,817 185,276 169,777
 Interest expense, net 17,513 21,445 81,672 97,603
 Earnings from continuing
 operations, before income
 tax provision 27,892 15,372 103,604 72,174
 Income tax provision 13,192 7,378 49,207 34,643
 Earnings from continuing
 operations 14,700 7,994 54,397 37,531
 Earnings (loss) from
 discontinued operations,
 net of income tax
 provision --- 23,106 (13,958) (5,131)
 Loss on disposition of
 discontinued operations --- --- (194,539) ---
 Earnings (loss) before
 extraordinary loss 14,700 31,100 (154,100) 32,400
 Extraordinary loss, net of
 income tax benefit --- (8,600) (14,900) (8,600)
 Net earnings (loss) 14,700 22,500 (169,000) 23,800
 Net earnings (loss) per
 common share and share
 equivalents:
 Earnings from continuing
 operations 28 cents 16 cents $1.05 $1.00
 Earnings (loss) from
 discontinued operations,
 net of income tax
 provision --- 48 cents (27 cents) (14 cents)
 Loss on disposition
 of discontinued
 operations --- --- (3.77) ---
 Earnings (loss) before
 extraordinary loss 28 cents 64 cents (2.99) 86 cents
 Extraordinary loss,
 net of income tax
 benefit --- (18 cents) (29 cents) (23 cents)
 Net earnings(loss) 28 cents 46 cents $(3.28) 63 cents
 Weighted average number
 of shares and share
 equivalents
 outstanding (a) 51,737 48,606 51,587 37,621
 (a) Reflects the initial public stock offering in Nov. 1991.
 -0- 3/8/93
 /CONTACT: S. Terry Vandewater of Stop & Shop Companies, Inc., 617-380-7043/
 (SHP)


CO: Stop & Shop Companies, Inc. ST: Massachusetts IN: REA SU: ERN

DJ -- NE003 -- 3828 03/08/93 08:58 EST
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Date:Mar 8, 1993
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