DRUG EMPORIUM INC
10-Q/A, 1995-01-06
DRUG STORES AND PROPRIETARY STORES
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<PAGE>   1



                                FORM 10-Q/A-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



   [X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
               AUGUST 27, 1994       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 Number   0-16998  
                                -----------


                              DRUG EMPORIUM, INC.                             
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          DELAWARE                                       31-1064888          
- -----------------------------------------------------------------------------
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                       Identification No.)


155 HIDDEN RAVINES DRIVE, POWELL, OHIO                         43065         
- -----------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)


Registrant's telephone number, including area code        (614) 548-7080     
                                                  ---------------------------

_____________________________________________________________________________
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
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 
                               ---      ---
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the close of the period covered by this report.


          CLASS                             Outstanding at      8/27/94     
- ----------------------------                               -----------------
Common Stock, $.10 par value                         13,170,585   shares
                                                  ---------------       

The undersigned 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 August 27, 1994 as set forth in the pages attached
hereto:

<PAGE>   2


                                   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.


                                                DRUG EMPORIUM, INC.
                                        ---------------------------------
                                            (Registrant)


                                        


Date   January 6, 1995                 By     /s/ David L. Kriegel           
     ------------------------              -----------------------------------
                                              David L. Kriegel
                                              Chairman
                                              Chief Executive Officer
                                        
                                        
                                        
Date   January 6, 1995                 By     /s/ Timothy S. McCord           
    ------------------------              ------------------------------------
                                              Timothy S. McCord
                                              Chief Financial Officer
                                        
                                        



                                      
<PAGE>   3


                                Exhibit Index


   Official
Exhibit Number                  Description
- --------------                  -----------

      11*                       Statement Re: Computation 
                                of earnings per share

      27                        Financial Data Schedule


*Previously filed


<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-25-1995
<PERIOD-START>                             FEB-27-1994
<PERIOD-END>                               AUG-27-1994
<EXCHANGE-RATE>                                      1
<CASH>                                             833
<SECURITIES>                                         0
<RECEIVABLES>                                   11,271
<ALLOWANCES>                                         0
<INVENTORY>                                    151,936
<CURRENT-ASSETS>                               167,285
<PP&E>                                          57,505
<DEPRECIATION>                                  29,860
<TOTAL-ASSETS>                                 201,898
<CURRENT-LIABILITIES>                           83,910
<BONDS>                                         65,952
<COMMON>                                         1,317
                                0
                                          0
<OTHER-SE>                                      50,719
<TOTAL-LIABILITY-AND-EQUITY>                   201,898
<SALES>                                        372,847
<TOTAL-REVENUES>                               372,847
<CGS>                                          294,784
<TOTAL-COSTS>                                  368,685
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,340
<INCOME-PRETAX>                                    822
<INCOME-TAX>                                       325
<INCOME-CONTINUING>                                497
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       497
<EPS-PRIMARY>                                      .04
<EPS-DILUTED>                                      .04
        

</TABLE>


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