AMERICAN CONSUMERS INC
10-Q/A, 1995-11-17
GROCERY STORES
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                                 Form 10-Q/A
                                     
                    SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.
                                   20549
                                     
(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 2, 1995
                              OR
    [   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

          For the transition period from _______ to ________

          Commission File No. 0-5815

                            AMERICAN CONSUMERS, INC.             
          (Exact name of registrant as specificied in its charter

                  GEORGIA                              58-1033765
          (State of other juridiction of    (I.R.S. Employer Identification
          incorporation or organization)                Number)

          P.O. Box 2328, 418A Battlefield Pkwy., Fort Oglethorpe, GA 30742
          (Address of principal executive offices)              (Zip Code)

          Registrant's Telephone Number, including Area Code: (706)861-3347


                               N/A                                  
    (Former name, former address and former fiscal year, if changed since
                                last report)
                                     
Indicate by check mark whether the registant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 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 ( )

                         APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.

         Class                                  Outstanding at October 6, 1995
COMMON STOCK   -  $.10 PAR VALUE                            927,224.2
NON VOTING COMMON STOCK  -  $.00 PAR VALUE                      0
NON VOTING PREFERRED STOCK  -  $.00 PAR VALUE                   0


<PAGE>

     The registrant hereby amends the following items, financial statements,
exhibits or other portions of its Quarterly Report on Form 10-Q for the 
quarterly period ended September 2, 1995, which was filed with the Commission
on October 17, 1995, as set forth below:

        Part II, Item 6(a) of the Quarterly Report on Form 10-Q is
        amended to reflect the filing of a Financial Data Schedule
        for the Company's quarterly period ended September 2, 1995
        as Exhibit (27) to such report, which exhibit is filed
        herewith.

                             
                              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.

                                        AMERICAN CONSUMERS, INC.
                                        (Registrant)


                                    /s/ Michael A. Richardson
     Date: 11/17/95                __________________________________
                                   Michael A. Richardson
                                   CHAIRMAN
                                   (Principal Executive Officer)


                                    /s/ Paul R. Cook
     Date: 11/17/95                __________________________________
                                   Paul R. Cook
                                   EXECUTIVE VICE PRESIDENT - TREASURER
                                   (Principal Financial Officer & Chief
                                   Accounting Officer)


<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF AMERICAN CONSUMERS, INC. FOR THE QUARTERLY PERIOD
ENDED SEPTEMBER 2, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-03-1995
<PERIOD-END>                               SEP-02-1995
<CASH>                                       1,011,370
<SECURITIES>                                    94,493
<RECEIVABLES>                                  254,003
<ALLOWANCES>                                         0
<INVENTORY>                                  1,647,840
<CURRENT-ASSETS>                             3,069,938
<PP&E>                                       2,305,996
<DEPRECIATION>                               1,495,834
<TOTAL-ASSETS>                               3,918,629
<CURRENT-LIABILITIES>                        1,375,133
<BONDS>                                              0
<COMMON>                                        92,722
                                0
                                          0
<OTHER-SE>                                   2,265,361
<TOTAL-LIABILITY-AND-EQUITY>                 3,918,629
<SALES>                                      7,284,621
<TOTAL-REVENUES>                             7,284,621
<CGS>                                        5,757,988
<TOTAL-COSTS>                                5,757,988
<OTHER-EXPENSES>                             1,473,387
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,946
<INCOME-PRETAX>                                 65,285
<INCOME-TAX>                                    22,243
<INCOME-CONTINUING>                             43,042
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    43,042
<EPS-PRIMARY>                                    0.046
<EPS-DILUTED>                                    0.046
        

</TABLE>


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