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

 UNI-MARTS, INC. ANNOUNCES FIRST QUARTER FISCAL 1992 RESULTS
 STATE COLLEGE, Pa., Jan. 22 /PRNewswire/ -- Uni-Marts, Inc., (NASDAQ: UNMA A) today announced results for the first quarter of fiscal year 1992.
 Revenues for the first fiscal quarter ended Jan. 2., 1992, were $71.8 million, a 2.5 percent increase over revenues of $70.1 million for the previous year's first quarter ended Jan. 3, 1991. Net earnings were $896,812, compared to last year's first quarter net earnings of $954,625. Earnings per share were $0.13 versus $0.14 in the first quarter of fiscal 1991.
 Henry D. Sahakian, president and chief executive officer of Uni-Marts, Inc., stated, "The increase in revenues reflects the addition of the 141 GettyMart stores that were acquired on Dec. 6, 1991. Both merchandise sales and petroleum gallons sold at comparable stores were essentially the same as last year, while retail petroleum pump prices declined. We are extremely pleased that net earnings were almost equal to last year's record first quarter net earnings despite a recession that continues to affect our markets."
 "We are confident that the remainder of fiscal 1992 will improve and that we will achieve record sales and net earnings for the fiscal year. Uni-Marts will benefit from increased revenues and economies of scale as a result of the GettyMart acquisition," said Sahakian.
 The GettyMart stores have been fully assimilated. This acquisition has enabled the company to enter the Virginia market with 63 stores and strengthen its market share in eastern and central Pennsylvania.
 Uni-Marts currently operates 480 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
 First Quarter Ended Jan. 2, 1992 Jan. 3, 1991
 Revenues:
 Merchandise sales $38,685,152 $35,575,921
 Petroleum sales 26,401,671 28,572,157
 Dairy sales 5,656,402 5,722,399
 Other income 1,073,156 192,189
 Total $71,816,381 $70,062,666
 Net Earnings $896,812 $954,625
 Net Earnings per common share $0.13 $0.14
 Weighted average common shares
 outstanding 6,909,398 6,963,498
 /delval/
 -0- 1/22/92
 /CONTACT: J. Kirk Gallaher, senior vice president, finance, of Uni-Marts, Inc., 814-234-6000/
 (UNMA) CO: Uni-Marts, Inc. ST: Pennsylvania IN: REA SU: ERN


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Publication:PR Newswire
Date:Jan 22, 1992
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