SLOANS SUPERMARKETS INC
10-Q/A, 1997-07-11
GROCERY STORES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-Q/A


   (Mark One)

[X]         QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
               OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 1, 1996.

[ ]         TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d)
               OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from .............to ............

Commission File Number 1-7013

                           SLOAN'S SUPERMARKETS, INC.
                           --------------------------
             (Exact Name of Registrant as Specified in its Charter)

          Delaware                                13-1829183
          --------                                ----------
(State or Other Jurisdiction of              (I.R.S. Employer
Incorporation or Organization)                Identification No.)

                  823 Eleventh Avenue, New York, New York 10019
                  ---------------------------------------------
                    (Address of Principal Executive Offices)

                                 (212) 956-5803
                                 --------------
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
                                       ---
              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)

Indicate by check mark  whether the  registrant  (1) has filed all reports to be
filed  by  Section  13 or 15 (d) of  the  Securities  Exchange  Act  during  the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days.

Yes [X]    No [ ]

At October 15, 1996, the registrant had issued and outstanding  3,132,289 shares
of common stock.

<PAGE>


                           SLOAN'S SUPERMARKETS, INC.


PART II.          OTHER INFORMATION

Item 6.     Exhibits and Reports on Form 8-K

     1.   Section (a) of Item 6 is amended to add as Exhibit 27,  Financial Data
          Schedule.

     2.   The  following  document  is being  filed  herewith  as  Exhibit 27 in
          accordance with Item 601 of Regulation S-K:

               Exhibit 27. Financial Data Schedule

<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  Amendment  to be signed on its behalf by the
undersigned, thereunto duly authorized.


                              Sloan's Supermarkets, Inc.

                              By:  /s/ John A. Catsimatidis
                              -----------------------------
                                   John A. Catsimatidis
                                   Chairman of the Board and
                                   Chief Executive Officer

Dated:  July 11, 1997



                              By:  /s/ Mark S. Kassner
                              ------------------------
                                   Mark S. Kassner
                                   Vice President and
                                   Chief Financial Officer

Dated:  July 11, 1997


<TABLE> <S> <C>

<ARTICLE>                             5
       
<S>                                   <C>
<PERIOD-TYPE>                         6-MOS
<FISCAL-YEAR-END>                     Mar-02-1997         
<PERIOD-START>                        Mar-04-1996
<PERIOD-END>                          Sep-01-1996
<CASH>                                $85,188
<SECURITIES>                          $0
<RECEIVABLES>                         $373,619
<ALLOWANCES>                          $30,000
<INVENTORY>                           $5,869,674
<CURRENT-ASSETS>                      $7,588,234
<PP&E>                                $17,168,951
<DEPRECIATION>                        $3,735,399
<TOTAL-ASSETS>                        $22,409,447
<CURRENT-LIABILITIES>                 $9,359,270
<BONDS>                               0
                 0
                           0
<COMMON>                              62,646
<OTHER-SE>                            $18,248,286
<TOTAL-LIABILITY-AND-EQUITY>          $22,409,447
<SALES>                               $11,984,838
<TOTAL-REVENUES>                      $11,984,838
<CGS>                                 $6,965,651
<TOTAL-COSTS>                         $6,965,651
<OTHER-EXPENSES>                      $9,121,785
<LOSS-PROVISION>                      $0
<INTEREST-EXPENSE>                    $186,970
<INCOME-PRETAX>                       $136,617
<INCOME-TAX>                          $10,987
<INCOME-CONTINUING>                   $136,617
<DISCONTINUED>                        $0
<EXTRAORDINARY>                       $0
<CHANGES>                             $0
<NET-INCOME>                          $125,630
<EPS-PRIMARY>                         $0.04
<EPS-DILUTED>                         $0.04
        


</TABLE>


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