Super Rite Corp.

BY THE NUMBERS

July 03, 1992

The Harrisburg, Pa.-based parent of the Basics grocery chain reported a 42 percent increase in after-tax operating earnings in its first fiscal quarter, which ended May 30, on the strength of higher sales in its wholesale business.

During the period, the company posted a net loss of $5.8 million, or 65 cents per common share, compared with earnings of $321,000, or 5 cents per common share, the previous year. The net loss was largely the result of extraordinary charges related to the refinancing of debt, as well as a preferred stock dividend payout of $4.17 million.

After-tax operating earnings, which exclude the one-time items, came to $1.8 million, compared with $1.25 million in last year's first quarter.

The Randallstown-based Basics division showed a decline in sales and earnings compared with 1991 because of a decline in the number of stores it operates in the Washington area. In recent years, the Basics chain has shifted its emphasis to the Baltimore market.

Besides the 24-store Basics chain, Super Rite operates a wholesale grocery business serving Pennsylvania, New Jersey, Maryland, Delaware, Virginia and West Virginia.

Three months ended 5/30/92

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

... 313,796,000. . ...... (5,848,000). . . (.0.65)

'91. ...... 257,041,000. ......... . 321,000. ...... 0.05

change... +22.1. . .................. --. ........... --

Applicable to common stock

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