WIENER ENTERPRISES REPORTS FIRST QUARTER RESULTS
WIENER ENTERPRISES REPORTS FIRST QUARTER RESULTS HARAHAN, La., June 16 /PRNewswire/ -- Wiener Enterprises, Inc.
(AMEX: WPB) announced today results of operations for the first quarter ended May 2.
Net sales for the 13-week period were $9,649,000. For the comparable 13 weeks last year, net sales were $13,270,000. As of May 2, the company operated 72 stores compared to 110 stores in operation as of April 27, 1991. Net earnings of the company for the first quarter were $129,000, or $.06 per share. The net earnings for the corresponding quarter of last year, after an income tax expense of $11,000, were $101,000, or $.04 per share. W. Wayne Foster, president and chief executive officer, said: "The company did a good job of operating at a profit by controlling expenses in the first quarter. Future operating gains will depend on, in large part, our ability to achieve adequate inventory levels in our remaining stores." Wiener Enterprises, Inc. operates 72 shoe and apparel stores in four Southern states, primarily Louisiana. -0- 6/16/92 /CONTACT: Lynn D. Malmstrom of Wiener Enterprises, 504-733-7055/ (WPB) CO: Wiener Enterprises, Inc. ST: Louisiana IN: REA SU: ERN
EA-BN -- AT011 -- 0872 06/16/92 17:44 EDT
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|Date:||Jun 16, 1992|
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