
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, April 18, 1991                   TAG: 9104180109
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

Winn-Dixie Stores Inc. the Jacksonville, Fla., supermarket chain with outlets in the Roanoke Valley, said Wednesday that sales for the 12 weeks ended April 3, the company's third quarter, totaled $2.4 billion, a $66.3 million increase, or 2.9 percent, over the comparable quarter a year earlier.

For the 40 weeks ended April 3, 1991, sales were $7.8 billion, an increase of $285.3 million, or 3.8 percent over the previous year. Identical store sales increased 2.1 percent year-to-date while store average sales increased 4.2 percent year-to-date.

Net earnings for the quarter were $48 million, or 62 cents per share, compared with $42 million, or 53 cents per share, a 14.1 percent increase. For the 40 weeks net earnings were $121.4 million or $1.56 per share, as compared with $108.9 million, or $1.37 per share in 1990, an 11.5 percent increase.

- Associated Press

> Ethyl Corp.

Ethyl Corp., the Richmond-based chemicals and packaging company and parent of Lynchburg-based First Colony Life Insurance Co., on Wednesday reported net income for the first quarter of 1991 was $52.9 million, up 1 percent from first-quarter 1990 net income of $52.4 million. Net income in 1991 benefited from a lower effective income tax rate, which more than offset a one-percent decline in 1991 pre-tax income compared to the same quarter in 1990, the company said. A strong increase in First Colony Life Insurance's earnings did not overcome the decline in chemicals profits, however.

Earnings per share for the 1991 first quarter were 45 cents, compared with 44 cents a share a year earlier.

Total chemicals net sales and insurance revenues were $653.9 million for the first quarter of 1991, up 7 percent from $609.7 million for the first quarter of 1990.

- Associated Press

Gannett

Gannett Co. Inc., the Arlington-based newspaper company publishing USA Today, on Wednesday reported earnings of $50.1 million or 32 cents per share for the first three months of 1991, down 33 percent compared to $75 million or 47 cents per share for the same period in 1990. Operating revenues for the first quarter slid 3 percent to $786.5 million from $813.4 million for the same period a year earlier because of reduced advertising, according to the company.

- Associated Press

by CNB