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UNI-MARTS, INC. ANNOUNCES THIRD QUARTER FISCAL 1993 RESULTS

 STATE COLLEGE, Pa., July 20 /PRNewswire/ -- Uni-Marts, Inc. (AMEX: UNI) today reported a significant increase in net earnings for the third fiscal quarter of 1993 over the comparable fiscal 1992 period.
 Net earnings for the third quarter ended July 1, 1993, were $602,826 compared to net earnings of $58,947 in the third fiscal quarter of 1992. Earnings per share increased from $0.01 to $0.09 for the comparable period. Revenues were $87.3 million compared to $88.0 million in the third fiscal quarter of 1992. The decrease in revenues is a result of 34 fewer stores in operation during the current quarter. Merchandise sales at comparable stores were 1.00 percent higher and petroleum gallons sold at comparable stores were 6.04 percent higher than the previous year's third fiscal quarter. Higher merchandise and petroleum margins along with a reduction in total expenses contributed to the increase in net earnings for the third fiscal quarter.
 For the first nine months of fiscal 1993, net earnings increased 103 percent to $1,934,319 from $952,773 for the first nine months of fiscal 1992 and revenues increased from $237.4 million to $251.6 million, or 5.98 percent. Merchandise sales at comparable stores were 2.08 percent higher and petroleum gallons sold at comparable stores were 5.29 percent higher than the previous year's first nine months. Earnings per share were $0.28 vs. $0.14 for the comparable period.
 Henry D. Sahakian, president and chief executive officer of Uni-Marts, Inc., stated, "Continued improvements in margins combined with expense reductions have contributed to the increase in comparable net earnings during each of the past three fiscal quarters." Sahakian added, "We are pleased by the strength of our earnings growth during our current fiscal year and we anticipate continued strong performance."
 Uni-Marts currently operates 444 convenience stores in Pennsylvania, Virginia, New York, New Jersey, Delaware and Maryland. Self-service gasoline is offered at 305 locations. In addition to operating convenience stores, Uni-Marts also processes and distributes milk and ice cream products through its dairy operations and home heating oil and gasoline through its petroleum operations.
 UNI-MARTS, INC.
 Condensed Statements of Earnings
 Third Quarter Ended: July 1, 1993 July 2, 1992
 Revenues:
 Merchandise sales $ 48,483,019 $ 49,921,108
 Petroleum sales 32,977,755 31,916,404
 Dairy sales 5,171,338 5,462,990
 Other income 670,826 721,554
 Total 87,302,938 88,022,056
 Net Earnings 602,826 58,947
 Net Earnings per common share $0.09 $0.01
 Weighted average common shares
 outstanding 6,862,027 6,922,404
 Nine Months Ended:
 Revenues:
 Merchandise sales $136,327,844 $131,393,863
 Petroleum sales 97,947,291 86,514,284
 Dairy sales 15,299,954 16,673,615
 Other income 2,036,890 2,839,969
 Total 251,611,979 237,421,731
 Net Earnings 1,934,319 952,773
 Net Earnings per common share $0.28 $0.14
 Weighted average common shares
 outstanding 6,853,675 6,915,079
 /delval/
 -0- 7/20/93
 /CONTACT: J. Kirk Gallaher, senior vice president and chief financial officer of Uni-Marts, 814-234-6000/
 (UNI)


CO: Uni-Marts, Inc. ST: Pennsylvania IN: REA SU: ERN

KC-CD -- PG005 -- 6720 07/20/93 10:56 EDT
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Date:Jul 20, 1993
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