Newspapers / The News-Journal (Raeford, N.C.) / Nov. 4, 1982, edition 1 / Page 12
Part of The News-Journal (Raeford, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Burlington Sales, Earnings Down D uring Fourth Quarter This Year Burlington Industries, Inc. re cently reported lower sales and earnings for the fourth quarter of its 1982 fiscal year compared with the final quarter of fiscal 1981 . Consolidated net earnings for the quarter ended October 2, 1982 were $8,007,000 or 28 cents per share on net sales ot 5676,972,000. In the fourth quarter of 1981, consolidated net earnings were S35.174.000 or J1.2S per share on net sales of $876.541 ,000. Foreign currency items, while not comparable to 1981 results because of the adoption of FASB Statement No. 52 at the start of fiscal 1982, reduced earnings by 1 cent per share for the quarter. In the fourth quarter of last year, currency items under FASB State ment No. 8 increased earnings by 22 cents per share. For the 1982 fiscal, year ended October 2 net sales were S2, 876, 205, 000 compared to $3,262,886,000 reported for fiscal 1981. Net eanings for fiscal 1982 were $52,487,000 or $1.85 per share on 28,354,434 average shares outstanding, compared to $115, 314,000 or $4.10 per share in 1981. The 1982 fiscal year earnings included a charge for foreign currency items, largely related to Mexican peso devaluations, of 9 cents per share which, as noted above, is not directly comparable to the 90 cents per share gain re corded from foreign currency items under FASB Statement No. 8 in Fiscal 1981. The full year results include a 10 cent gain from an exchange of cash and stock for debt completed in the March quarter of 1982. William A. Klopman. chairman and chief executive officer, stated. "Fiscal 1982 was a year in which most areas of the Company were affected by adverse economic and market conditions. Reduced volume, price pressure f and increased abnormal costs asso ciated with modernization pro grams were the chief factors caus ing the decline in operating results. 9-9 Daily 1-6 Sunday ? AC K S Eden borough Center Raeford, N.C. 59th Anniversary SALE FREE PLANTS COME EARLY! Be one of the first SO customers and get a beautiful houseplant FREE during our 59th Anniversary Sale! WEDNESDA Y thru SA iURDA Y WINTUK YARN Reg. $1.37 The Shapekeeper, Orion1* Acrylic, 4 Ply, 3T4 oz. Skein, *Dupont Certification Mark. LIMIT 12 ATHLETIC SOCKS $100 Reg. $6.97 6 Pair To A Package, White With Stripes In Assorted Sizes. Potting Soil PARXTOM NUHMRICt POTTING SOIL 87* M Reg. $1.47 8 qt. Bag, Sterile And Ready To Use. Subject To Early Sell out. ALCOHOL Reg. 57* 70% Isopropyl Alcohol In 16 oz. Size. LIMIT 3 HI-DRI TOWELS Reg. 67? Soft And Absorbent, Single Rolls, Subject To Early Sell out. LIMIT 4 MISS BRECK $1 00 Reg. $1.69 9 oz. Size ALUMINUM FOIL Reg. 64c 25 sq. ft. Subject To Early Sell Out. LIMIT 3 SCRIPTO LIGHTER 34* Reg. 57e Mighty Match, Adjustable, Disposable Butane, LIMIT 6 Subject To Early Sell-Out. n^Per 8/fi^ '"?? $1 c*a?a<?//v *1*0 *??- #1.1 ?<**?'?' J?A i o A Package, aqueezably Soft, Subject To Early Sell-Out. LIMIT 2 NO DOWN PAYMENT W jj JH ir N')W IS THI II Ml TO I AVAWAY TOYS AND WEARABLES FOR CHRISTMAS IMF Ml J Ok WW H^FV^F ^FB !wil Hi no so handling charge during this very special FOUR HOUR SAI I |Jt^ MM AT MACKS WF CARE ABOUT OUR CUSTOMERS /=? ID A Y 6 PM TO 9 PM
The News-Journal (Raeford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 4, 1982, edition 1
12
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75