FREEHOLD, N.J. -- Foodarama Supermarkets here said net income for the fourth quarter and full fiscal year of 1997 were positively affected by real estate transactions that netted $413,000.
e previous fiscal year.
Sales for the quarter were $156.3 million, compared with $166.2 million in the year-ago quarter.
The company operated 20 stores in both periods. Same-store sales increased 1.4% in the quarter after adjusting for the extra week in fiscal 1996, officials said.
Earnings before interest, taxes, depreciation and amortization in the quarter were $4.3 million, compared with $3.5 million in the year-ago quarter.
For the full year, net income was $1.06 million, or 90 cents per share, compared with $1.40 million, or $1.13 per share, in the prior year.
Sales were $636.7 million, an increase of 6% over $601.1 million in the 53 weeks of fiscal 1996.
Same-store sales were up 1.7% year-to-year after adjusting for the 53rd week in fiscal 1996 and the opening of two new stores in the third quarter of fiscal 1996.
EBITDA were $15.7 million in 1997, compared with $15.1 million in fiscal 1996.
Qtr Ended 11/1/97 11/2/96
Sales $156.3 million $166.2 million
Change - 6%
Same-store + 1.4%
Net Income $571,000 $206,000
Change + 177%
Inc/Share 51 cents 16 cents
53 Weeks 1997 1996
Sales $636.7 million $601.1 million