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UNITED STATES SEC File Number
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Cusip Number
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) __ Form 10-K __ Form 20-F __ Form 11-K _X_ Form 10-Q __ Form N-SAR
For Period Ended: August 2, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:____________________________
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
DAIRY MART CONVENIENCE STORES, INC.
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Full Name of Registrant
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Former Name if Applicable
210 BROADWAY EAST
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Address of Principal Executive Office (STREET AND NUMBER)
CUYAHOGA FALLS, OHIO 44222
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City, State and Zip Code
PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check appropriate box)
_X_ (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
_X_ (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report of transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following
the prescribed due date; and
__ (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
During the second fiscal quarter ended August 2, 1997, the Company completed
the sale of 156 convenience store and retail gasoline locations in the
northeastern United States. The Company required additional time to
appropriately reflect the transaction in the financial statements and
footnotes thereto. Accordingly, the Company was unable to file the Form 10-Q
for the fiscal quarter ended August 2, 1997 by the required due date.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Gregory G. Landry 330 922-7206
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such reports been
filed? If answer is no identify report(s).
_X_ Yes __ No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? _X_ Yes ___ No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made:
It is anticipated that the results of operations will reflect an
approximate $1.1 million decrease in net income for the current second fiscal
quarter ended August 2, 1997 in comparison to the corresponding second fiscal
quarter of the prior year. Additionally, it is anticipated that net income will
decrease approximately $0.7 million for the current two fiscal quarters ended
August 2, 1997 in comparison to the corresponding year-to-date period of the
prior year. These decreases in net income are due in part to the sale of 156
convenience store and retail gasoline locations by the Company in the current
year second fiscal quarter in comparison to their inclusion for the second
fiscal quarter and year-to-date period of the prior year.
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Dairy Mart Convenience Stores, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date September 16, 1997 By /s/ Gregory G. Landry
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Gregory G. Landry, Executive
Vice President and Chief
Financial Officer
