SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Earliest Event Reported: July 27, 1995
BRUNO'S, INC.
(Exact Name of Registrant as Specified in its Charter)
Alabama
(State or Other Jurisdiction of Incorporation)
0-6544 63-0411801
(Commission File Number) (I.R.S. Employer Identification No.)
800 Lakeshore Parkway
Birmingham, Alabama 35211
(Address of Principal Executive Offices/Zip Code)
(205) 940-9400
(Registrant's Telephone Number)
<PAGE>
Item 7. Financial Statements and Exhibits.
Bruno's, Inc. announced on July 27, 1995, unaudited fourth
quarter and fiscal 1995 sales, gross margin, and earnings before
net interest expense, income taxes, depreciation and amortization
results. Press release attached as Exhibit 10.1.
Exhibits.
10.1 Press release of July 27, 1995.
<PAGE>
Signature
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: July 28, 1995
BRUNO'S, INC.
By: /s/ Glenn J. Griffin
Glenn J. Griffin, Senior
Vice President and Chief
Financial Officer
EXHIBIT 10.1
BRUNO'S, INC
800 Lakeshore Parkway
Birmingham, Alabama 35211
(205) 940-9400
PRESS RELEASE
BRUNO'S ANNOUNCES UNAUDITED FOURTH QUARTER AND FISCAL 1995
FINANCIAL HIGHLIGHTS
Birmingham, Alabama (July 27, 1995) - Bruno's, Inc. today
announced unaudited fourth quarter and fiscal 1995 sales, gross
margin, and EBITDA (earnings before net interest expense, income
taxes, depreciation and amortization) results.
For the fourth quarter of fiscal 1995, net sales increased
1.2% to $668,554,000 compared with $660,931,000 for the fourth
quarter of the prior year. Same store sales increased 2% for the
fourth quarter of fiscal 1995. The gross margin for the fourth
quarter was $156,814,000, or 23.46%, compared with $155,033,000, or
23.46%, in the prior year. EBITDA for the fourth quarter was
$36,633,000 compared with $34,406,000 in the year-earlier period.
For the 52-week fiscal year ended July 1, 1995, revenues were
$2,869,569,000 compared with revenues of $2,834,688,000 for the
fiscal year ended July 2, 1994. The gross margin for fiscal 1995
was $673,013,000, or 23.45%, compared with $649,101,000, or 22.90%,
in the prior year. EBITDA for fiscal 1995 was $128,043,000
compared with $137,038,000 for fiscal 1994.
Fiscal 1995 EBITDA results include a $22.2 million adjustment
(of which an estimated $19.2 million is non-recurring) recorded in
the third quarter to increase the Company's self-insurance reserves
for worker's compensation and general liability claims.
During fiscal 1995, Bruno's, Inc. opened six new stores and
remodeled 15 stores. At year-end, the company operated 252 stores.
As previously announced, the proposed merger between Bruno's
and Crimson Acquisition Corp. will be submitted to Bruno's
shareholders for approval at a special meeting of shareholders to
be held on August 18, 1995. Any offering of securities in
connection with the merger will be made only by means of a
prospectus.
Bruno's is a leading regional food retailer operating
supermarkets in Alabama, Georgia, Mississippi, Florida, South
Carolina, and Tennessee.
BRUNO'S, INC.
Unaudited Financial Highlights
12 Weeks Ended 12 Weeks Ended
7/1/95 7/2/94
-------------- --------------
Net sales $668,554,000 $660,931,000
Gross margin 156,814,000 155,033,000
EBITDA 36,633,000 34,406,000
52 Weeks Ended 52 Weeks Ended
7/1/95 7/2/94
-------------- --------------
Net sales $2,869,569,000 $2,834,688,000
Gross margin 673,013,000 649,101,000
EBITDA 128,043,000 137,038,000
