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HARRY'S FARMERS MARKET SEES FISCAL '99 AS 'MAKE-OR-BREAK'

ROSWELL, Ga. -- The upcoming 1999 fiscal year will be a make-it-or-break-it year for Harry's Farmers Market here, said Harry Blazer, chief executive officer.zer said."We are looking forward to a return to growth and we hope profitability is in the future after years of investment, hard work and effort expended overcoming numerous challenges."The company, based here, said sales for the 13 weeks ended

ROSWELL, Ga. -- The upcoming 1999 fiscal year will be a make-it-or-break-it year for Harry's Farmers Market here, said Harry Blazer, chief executive officer.

zer said.

"We are looking forward to a return to growth and we hope profitability is in the future after years of investment, hard work and effort expended overcoming numerous challenges."

The company, based here, said sales for the 13 weeks ended Oct. 29 decreased 3.6% to $32.6 million, compared with $33.8 million in the year-ago quarter.

Comparable-store sales declined 2.2% in the quarter and 2.1% in the 39-week period ended Oct. 29, the company said, primarily because sales were unusually strong in the year-ago quarter because of the 1996 Olympic and Paralympic Games in Atlanta.

Increased competition in the Atlanta area also contributed toward lower sales during the current third quarter, the company said.

3RD-QUARTER RESULTS

Qtr Ended 10/29/97 10/30/96

Sales $32.6 million $33.8 million

Change - 3.6%

Same-store - 2.2%

Net Income ($5.0 million) ($18,000)

Inc/Share (81 cents) 0 cents

39 Weeks19971996

Sales $102.4 million $105.6 million

Change - 3%

Same-store - 2.1%

Net Income ($5.97 million) $3,000

Inc/Share (97 cents) 0 cents