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UNI-MARTS, INC., ANNOUNCES THIRD QUARTER FISCAL 1992 RESULTS

 UNI-MARTS, INC., ANNOUNCES THIRD QUARTER FISCAL 1992 RESULTS
 STATE COLLEGE, Pa., July 31 /PRNewswire/ -- Uni-Marts, Inc. (NASDAQ: UNMA A) today announced results for the third quarter of fiscal year 1992.
 Revenues for the third quarter ended July 2, 1992, were $88.0 million, a 36.4 percent increase over revenues of $64.6 million for the third quarter ended July 4, 1991. Net earnings were $58,947 compared to the previous year's third quarter net earnings of $566,930. Earnings per share were $0.01 vs. $0.08 in the third quarter of fiscal 1991.
 For the nine months ended July 2, 1992, revenues were $237.4 million, a 20.8 percent increase over revenues of $196.5 million for the nine months ended July 4, 1991. Net earnings were $952,773 compared to the previous year's nine month's net earnings of $1,528,485. Earnings per share were $0.14 vs. $0.22 for the comparable 1991 period.
 The increases in third quarter revenues and in revenues for the nine months are primarily the result of merchandise and petroleum sales in the additional stores in operation from the December 1991 acquisition of 140 stores from GettyMart Inc. Gallons of petroleum sold at comparable stores increased 3.8 percent over the third quarter of fiscal 1991, while merchandise sales at comparable stores decreased 1.8 percent.
 Henry D. Sahakian, president and chief executive officer of Uni-Marts, Inc., stated, "During our third fiscal quarter, Uni-Marts continued to respond to the slow economic conditions and strong competitive pressures in our marketing area, which resulted in less than anticipated gross margins and earnings." Sahakian added, "We plan to improve our earnings by closing, selling or franchising approximately 50 of our company-operated stores that are marginal and not performing to our expectations. Additional steps are also being taken to further reduce costs of operations. Furthermore, the company is engaged in discussions for restructuring its existing debt in order to take advantage of lower interest costs."
 Commenting further, Sahakian said, "Uni-Marts has achieve record revenues for the first three quarters of fiscal 1992, largely as a result of acquired stores. However, due to continuing weak economic conditions, less than anticipated earnings for our second and third fiscal quarters and the economies of scale resulting from the Getty acquisition being offset by recessionary and competitive pressures, we now believe that fiscal year 1992 results will be lower than fiscal year 1991."
 Uni-Marts currently operates 473 stores in Pennsylvania, Virginia, New York, New Jersey, Delaware and Maryland. Of these stores, 315 offer self-service gasoline. The company also processes and distributes milk products through its dairy division and distributes home heating oil through its petroleum division.
 UNI-MARTS, INC.
 Condensed Statements of Earnings
 Period Third Quarter
 Ended 7/2/92 7/4/91
 Revenues:
 Merchandise sales $49,921,108 $37,309,294
 Petroleum sales 31,916,404 21,797,765
 Dairy sales 5,462,990 5,188,035
 Other income 721,554 257,140
 Total 88,022,056 64,552,234
 Net earnings 58,947 566,930
 Net earnings per common share $0.01 $0.08
 Weighted average common shares
 outstanding 6,922,404 6,963,074
 Period Nine Months
 Ended 7/2/92 7/4/91
 Revenues:
 Merchandise sales $131,393,863 $105,420,093
 Petroleum sales 86,514,284 74,272,850
 Dairy sales 16,673,615 16,008,848
 Other income 2,839,969 796,963
 Total 237,421,731 196,498,754
 Net earnings 952,773 1,528,485
 Net earnings per common share $0.14 $0.22
 Weighted average common shares
 outstanding 6,915,079 6,963,359
 /delval/
 -0- 7/31/92
 /CONTACT: J. Kirk Gallaher, senior vice president and chief financial officer of Uni-Marts, Inc., 814-234-6000/
 (UNMA) CO: Uni-Marts, Inc. ST: Pennsylvania IN: REA SU: ERN


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Date:Jul 31, 1992
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