ROANOKE TIMES 
                      Copyright (c) 1996, Roanoke Times

DATE: Thursday, August 22, 1996              TAG: 9608220037
SECTION: BUSINESS                 PAGE: B-6  EDITION: METRO 

REPORTED EARNINGS

Kmart Corp.

2nd qtr. ended 7-31 1996 1995

Revenues $8.31 billion $8.44 billion

Net Income $34 million ($54 million)

Share earnings 7 cents 5 cents

6 mos. ended 7-31

Revenues $15.89 billion $15.88 billion

Net Income ($65 million) ($82 million)

Share earnings (13 cents) (19 cents)

Troy, Mich.-based Kmart operates 2,277 Kmart stores and 168 Builders Square outlets, including stores in Western Virginia. In last year's second quarter, Kmart said it earned $22 million, or 5 cents a share, discounting a $76 million charge for discontinued operations.

Smithfield Foods Inc.

1st qtr. ended 7-28 1997 1996

Revenues $892.9 million $367.3 million

Net Income $746,000 ($4.4 million)

Share earnings 2 cents (27 cents)

Norfolk-based Smithfield, a hog producer and meat processor, is parent of Valleydale Foods of Salem.

*Figures in parentheses indicate a loss.

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