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WOLOHAN LUMBER CO. REPORTS DECEMBER SALES INCREASED 28.2 PERCENT

 SAGINAW, Mich., Jan. 5 /PRNewswire/ -- Wolohan Lumber Co. (NASDAQ-NMS: WLHN) said its sales for December increased to $29,197,000 from $22,767,000 for December 1992, a 28.2% increase. Comparable store sales increased 23.7%. For the month of December, consumer (DIY) sales were up 25.8% and professional contractor sales were up 30.2% from last December.
 Twelve-month sales were up 10.7% to $380,683,000 from $343,936,000 for the same period of 1992 and comparable-store sales were up 8.2%.
 While sales improvements were very gratifying for the fourth quarter, FIFO gross margins have shown no improvement over the third quarter. In addition, gross margins will be further reduced due to a LIFO charge of approximately $2,700,000 ($.24 per share) compared to a fourth quarter 1992 charge of $700,000 ($.06 per share). This has resulted from significant cost increases in dimension lumber and other wood products during the fourth quarter. This non-cash charge for 1993 is estimated at approximately $3,700,000 compared with $1,700,000 for 1992.
 Wolohan Lumber Co. is a publicly held company operating 54 lumber and building material retail stores in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio and Wisconsin.
 Wolohan Lumber Co.'s common stock is traded over the counter and quoted daily in The Wall Street Journal on the NASDAQ Over-The-Counter Market National Market Issues. Its NASDAQ symbol is WLHN.
 -0- 1/5/94
 /CONTACT: Robert F. Anderson or Edward J. Dean of Wolohan Lumber, 517-793-4532/
 (WLHN)


CO: Wolohan Lumber Co. ST: Michigan IN: REA SU: SLS

KE -- DE043 -- 9489 01/05/94 16:51 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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