Giant Food Inc.

BY THE NUMBERS

March 26, 1991

This Landover-based supermarket chain, Maryland's largest, posted a 2 percent increase in net income for its fourth quarter, which ended Feb. 23, compared with the same period a year ago. For the year, earnings were up nearly 10 percent higher than in fiscal 1990.

David B. Sykes, Giant treasurer and senior vice president, said that the modest increases in sales and earnings for the fourth quarter were on line with the company's projections because "things have been slow since early 1990."

Same-stores sales -- revenues of stores open a year or more -- were virtually flat, according to Giant, due in part to newer Giant stores competing for the same customers.

Mr. Sykes said that the end of the war has not increased sales at the chain, but the company anticipates an upturn within six months.

At the close of the fiscal year, Giant operated 152 supermarkets, 102 of which are food and drug stores, plus two freestanding drug stores. This compares with 149 supermarkets, 99 food and drug stores and two freestanding drug stores in the prior year.

Three months ended 2/23/91

. .. Revenue.. .. ..Net.. .. .. Share

1,058,694,000 39,725,000 0.68

'90 1,056,640,000 38,782,000 0.64

% change +0.2. .. .. +2.4 .. .. +6.3

Year-ended 2/23/91

. .. Revenue.. .. ..Net.. .. .. Share

3,349,546,000 118,981,000 2.01

'90 3,248,942,000 108,399,000 1.80

% change +3.1. .. ..+9.8. .. .. +11.7

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