BIRMINGHAM, Ala. -- (Business Wire)
Golden Enterprises, Inc.’s Board of Directors today declared a quarterly
dividend of $.03125 per share payable October 29, 2014 to stockholders
of record as of October 6, 2014.
Golden Enterprises, Inc. saw a 3% decrease in Net sales from the first
quarter of 2014 to the first quarter of 2015. Net sales for the first
quarter were $34,125,036 compared to $35,141,838. Selling general and
administrative costs decreased $228,099 during the first quarter which
reflected the impact of the restructuring which occurred in 2014 fiscal
year. The Company completed the sale of extra property in Decatur,
Georgia for a gain of $229,044 in the first quarter 2015.
Net income per share for the quarter ended August 29, 2014 was $767,226
or $.07 compared to $771,528 or $.07 last year for the same time period.
The following is a summary of net sales and income information for the
thirteen weeks ended August 29, 2014 and August 30, 2013:
|
| | |
| |
|
THIRTEEN WEEKS ENDED
|
| | |
August 29,
|
| |
August 30,
|
| |
|
2014
| |
|
2013
|
|
Net sales
| |
$
|
34,125,036
| |
$
|
35,141,838
|
| | | | | |
|
|
Income before income taxes
| |
$
|
1,217,785
| |
$
|
1,379,049
|
|
Income taxes
| | |
450,559
| | |
607,521
|
| | | | | |
|
|
Net income
| |
$
|
767,226
| |
$
|
771,528
|
| | | | | |
|
|
Basic earnings per share
| |
$
|
.07
| |
$
|
.07
|
| | | | | |
|
|
Basic weighted shares outstanding
| | |
11,732,632
| | |
11,732,632
|
| | | | | |
|
This News Release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Actual
results could differ materially from those forward-looking statements.
Factors that may cause actual results to differ materially include price
competition, industry consolidation, raw material costs and
effectiveness of sales and marketing activities, as described in the
Company’s filings with the Securities and Exchange Commission.
Contacts:
Golden Enterprises, Inc.
Patty Townsend, 205-458-7132
Source: Golden Enterprises, Inc.
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