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Article: Tops Markets Inc. reports results of operations for the 13-week period ended September 27.
- Article from:
- PR Newswire
- Article date:
- November 3, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BUFFALO, N.Y., Nov. 3 /PRNewswire/ -- Tops Markets, Inc. (NASDAQ: TPPS) today reported on results of operations for the 13-week period ended Sept. 27, 1986.
Consoldiated net sales and other operating revenues for the quarter increased to $196,473,429 from $193,450,255 for the comparable quarter last year. Consoldiated net earnings were up 52 percent to $2,952,065 from $1,938,419 last year. Earnings per share were 50 cents per share compared with 49 cents per share for the first quarter last year, after giving effect to the recapitalization and stock split which was accomplished as part of a public stock offering in March 1986.
Savino P. Nanula, ...