-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DRO7u66liWQUzgVSQB/8BG3yON4DX40TX8Cnk13Hyx2hXZkK2qdh7m40iHj0+UXt ospCaG5ntdAfkmhJkvp4qQ== 0001005408-97-000002.txt : 19970221 0001005408-97-000002.hdr.sgml : 19970221 ACCESSION NUMBER: 0001005408-97-000002 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970104 FILED AS OF DATE: 19970210 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: JITNEY JUNGLE STORES INC CENTRAL INDEX KEY: 0001005408 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 133863017 STATE OF INCORPORATION: DE FISCAL YEAR END: 0429 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 033-80833 FILM NUMBER: 97521521 BUSINESS ADDRESS: STREET 1: 126 EAST 56TH STREET STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125594333 FORMER COMPANY: FORMER CONFORMED NAME: JJ ACQUISITIONS CORP DATE OF NAME CHANGE: 19951227 10-Q 1 FORM 10-Q JITNEY JUNGLE STORES OF AMERICA, INC FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Quarterly Report Pursuant To Section 13 or 15 (d)of The Securities and Exchange Act of 1934 QUARTER ENDED January 4, 1997 COMMISSION FILE NO. 33-80833 JITNEY-JUNGLE STORES OF AMERICA, INC. (Exact name of registrant as specified in its charter) STATE OF INCORPORATION I.R.S. EMPLOYER I.D. NO. Mississippi 64-0280539 ADDRESS OF PRINCIPAL EXECUTIVE OFFICE 1770 Ellis Avenue, Suite 200, Jackson, MS 39204 REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE 601-965-8600 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, and (2) has been subject to such filing requirements for the past 90 days. YES (X) NO The number of shares of Registrant's Common Stock, par value one cent ($.01) per share, outstanding at January 4, 1997, was 425,000. JITNEY-JUNGLE STORES OF AMERICA, INC. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Page ---- Item 1. Financial Statements: Condensed Consolidated Balance Sheets January 4, 1997 (Unaudited) and April 27, 1996 2 Condensed Consolidated Statements of Operations Thirty-six (36) and Twelve (12) Week Periods Ended January 4, 1997 (Unaudited) and Thirty-six (36) and Twelve (12) Week Periods Ended January 6, 1996 (Unaudited) 3 Condensed Consolidated Statements of Changes in Stockholders' Deficit Thirty-six (36) Week Periods Ended January 4, 1997 (Unaudited) and January 6, 1996 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows Thirty-six (36) Week Periods Ended January 4, 1997 (Unaudited) and January 6, 1996 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements January 4, 1997 (Unaudited) and January 6, 1996 (Unaudited) 6-7 Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations 8-11 PART II. OTHER INFORMATION Item 1. Legal Proceedings 11 Item 2. Change in Securities 11 Item 3. Defaults Upon Senior Securities 11 Item 4. Submission of Matters to a Vote of Security Holders 11 Item 5. Other Information 12 Item 6. Exhibits and Reports on Form 8-K 12 PART I. ITEM 1. FINANCIAL STATEMENTS JITNEY-JUNGLE STORES OF AMERICA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands)
January 4, April 27, 1997 1996 (Unaudited) ----------- ---------- ASSETS Current assets: Cash and cash equivalents $ 7,642 $ 5,676 Short-term investments 337 Receivables 7,638 4,892 Inventories at LIFO 80,623 77,445 Prepaid expenses and other 4,777 6,783 Deferred income taxes 376 376 --------- --------- Total current assets 101,056 95,509 --------- --------- PROPERTY AND EQUIPMENT - net 171,642 173,787 --------- --------- OTHER ASSETS - net 8,858 9,707 --------- --------- TOTAL ASSETS $ 281,556 $ 279,003 ========= ========= LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 47,014 $ 44,118 Accrued expenses 26,420 19,055 Current portion of capitalized leases 4,260 4,259 --------- --------- Total current liabilities 77,694 67,432 --------- --------- Noncurrent liabilities: Long-term debt 233,590 239,059 Obligations under capitalized leases 56,746 59,143 Deferred income taxes 7,986 8,196 --------- --------- Total noncurrent liabilities 298,322 306,398 --------- --------- Commitments and contingencies Redeemable Preferred stock (aggregate liquidation preference value of $54,929) 52,718 49,988 --------- --------- Stockholders' deficit: Class C Preferred stock - Series 1 7,604 7,604 Common stock ($.01 par value, authorized 5,000,000 shares, issued and outstanding 425,000 shares) 4 4 Additional paid-in capital (302,312) (302,326) Retained earnings 147,526 149,903 --------- --------- Total stockholders' deficit (147,178) (144,815) --------- --------- TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 281,556 $ 279,003 ========= ========= See notes to condensed consolidated financial statements.
-2- JITNEY-JUNGLE STORES OF AMERICA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in Thousands Except Per Share Amounts)
Thirty-six Weeks Ended Twelve Weeks Ended ------------------------ ------------------------ January 4, January 6, January 4, January 6, 1997 1996 1997 1996 (Unaudited) (Unaudited) (Unaudited) (Unaudited) ----------- ----------- ----------- ----------- NET SALES $ 832,905 $ 822,513 $ 279,905 $ 278,162 ---------- ---------- ---------- ---------- COSTS AND EXPENSES: Cost of goods sold 637,296 629,474 214,915 211,067 Direct store, warehouse and administrative expenses 169,839 169,067 56,767 57,204 Interest expense - net 25,207 7,057 8,478 2,368 ---------- ---------- ---------- ---------- Total costs and expenses 832,342 805,598 280,160 270,639 ---------- ---------- ---------- ---------- Earnings (loss) before taxes on income 563 16,915 (255) 7,523 Income tax expense (benefit) 210 6,341 (95) 2,821 ---------- ---------- ----------- ---------- NET EARNINGS (LOSS) $ 353 $ 10,574 $ (160) $ 4,702 ========== ========== ========== ========== EARNINGS (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE $ (11.08) $ 519.15 $ (4.41) $ 230.85 ========== ========== ========== ========== See notes to condensed consolidated financial statements.
-3- JITNEY-JUNGLE STORES OF AMERICA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT FOR THE THIRTY-SIX (36) WEEK PERIODS ENDED JANUARY 4, 1997 (Unaudited) AND JANUARY 6, 1996 (Unaudited) (Dollars in thousands)
Class C Redeemable Preferred Stock, Preferred Stock Series 1 Common Stock Additional No. of No. of No. of Paid-In Retained Shares Amount Shares Amount Shares Amount Capital Earnings ------ ------ ------ ------ ------ ------ --------- -------- Balance Apr 29, 1995 20,368 $1,061 $ 1,807 $137,348 Net earnings 10,574 Dividends paid (1,878) ------- ------ --------- -------- Balance Jan 6, 1996 20,368 $1,061 $ 1,807 $146,044 ======= ====== ========= ======== Balance Apr 27, 1996 523,418 $49,988 76,042 $7,604 425,000 $ 4 $(302,326) $149,903 Net earnings 353 Accretion of discount on Class A Preferred stock 143 (143) Cumulation of dividends on Class A Preferred stock 2,587 (2,587) Merger costs 14 ------- ------- ------ ------ ------- ------ --------- -------- Balance Jan 4, 1997 523,418 $52,718 76,042 $7,604 425,000 $ 4 $(302,312) $147,526 ======= ======= ====== ====== ======= ====== ========= ======== See notes to condensed consolidated financial statements.
-4- JITNEY-JUNGLE STORES OF AMERICA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in thousands)
Thirty-six Weeks Ended ------------------------- January 4, January 6, 1997 1996 (Unaudited) (Unaudited) OPERATING ACTIVITIES: ----------- ----------- Net earnings $ 353 $ 10,574 Adjustment to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 21,531 18,217 Gain (loss) on disposition of property and other assets (87) 479 Deferred income tax expense 970 Changes in assets and liabilities (net): Notes and accounts receivable (2,746) (3,259) Store and warehouse inventories (3,178) 4,164 Prepaid expenses 2,006 1,852 Accounts payable 2,896 (3,217) Accrued expenses 7,390 2,692 --------- --------- Net cash provided by operating activities 28,165 32,472 --------- --------- INVESTING ACTIVITIES: Capital expenditures (19,836) (17,504) Disposal of property and other assets 1,151 1,268 Purchases of short-term investments (23,000) Maturities of short-term investments 337 27,300 --------- --------- Net cash used in investing activities (18,348) (11,936) --------- --------- FINANCING ACTIVITIES: Payments on long-term debt - net (5,469) (3,486) Merger costs 14 Payments on capitalized lease obligations (2,396) (3,526) Dividends paid (1,878) --------- --------- Net cash used in financing activities (7,851) (8,890) --------- --------- INCREASE IN CASH AND CASH EQUIVALENTS 1,966 11,646 CASH AND CASH EQUIVALENTS - BEGINNING 5,676 20,159 --------- --------- CASH AND CASH EQUIVALENTS - ENDING $ 7,642 $ 31,805 ========= ========= See notes to condensed consolidated financial statements.
-5- JITNEY-JUNGLE STORES OF AMERICA, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JANUARY 4, 1997 (Unaudited) AND JANUARY 6, 1996 (Unaudited) (Dollars in thousands) 1. BASIS OF PRESENTATION The unaudited condensed consolidated financial statements include those of Jitney-Jungle Stores of America, Inc. and its wholly-owned subsidiaries, Southern Jitney Jungle Company, Interstate Jitney-Jungle Stores, Inc., McCarty-Holman Co., Inc. and subsidiary, and Jitney-Jungle Bakery, Inc. All material intercompany profits, transactions and balances have been eliminated. These interim financial statements have been prepared on the basis of accounting principles used in the annual financial statements ended April 27, 1996. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (all of which were of a normal recurring nature) necessary for a fair statement of consolidated financial position and results of operations of the Company for the interim periods. The results of operations of the Company for the thirty-six weeks ended January 4, 1997, are not necessarily indicative of the results which may be expected for the entire year. 2. MERGER On March 5, 1996, JJ Acquisitions Corp. ("JJAC") merged with and into the Company with the Company continuing as the surviving corporation (the "Merger"). JJAC was a wholly-owned subsidiary of Bruckmann, Rosser, Sherrill & Co., L. P. (the "Fund"). Upon consummation of the Merger, the Fund and related investors received 83.82% of the Company's Common Stock and 11.76% was retained by the shareholders at the time of the Merger. The Merger was accounted for as a recapitalization which resulted in a charge to equity of $312,541 to reflect the redemption of Common Stock of the Company outstanding immediately prior to the Merger and related merger costs, including a closing fee of $4,000 paid to the Fund Manager, an affiliate of the Fund's sole General Partner. -6- 3. LONG-TERM DEBT Long-term debt consisted of the following:
January 4, April 27, 1997 1996 --------- --------- Senior notes @ 12%, maturing in 2006 ............... $ 200,000 $ 200,000 Revolving credit loans ............................. 33,590 39,059 --------- --------- Long-term debt ..................................... $ 233,590 $ 239,059 ========= =========
The Company has available a Credit Facility of $98,750 (the original total commitment of $100,000 reduced by $1,250 on December 31, 1996 as per the terms of the revolving credit agreement) under which letters of credit aggregating $10,481 and borrowings of $33,590 were outstanding at January 4, 1997. 4. EARNINGS (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE Earnings (loss) per common and common equivalent share is based on net income (loss) after preferred stock dividend requirements and the weighted average number of shares outstanding during each interim period. Cumulative dividends not declared or paid on preferred shares amounted to $5,060 for the thirty-six weeks ended January 4, 1997. The number of shares used in computing the earnings per share was 425,000 for the thirty-six weeks and the twelve weeks ended January 4, 1997 and 20,368 for the thirty-six weeks and the twelve weeks ended January 6, 1996. Incremental shares attributed to outstanding warrants were not included in the computation as their effect on earnings (loss) per share would be antidilutive. 5. COMMITMENTS AND CONTINGENCIES The Company is a party to certain litigation incurred in the normal course of business. In the opinion of management, the ultimate liability, if any, which may result from this litigation will not have a material adverse effect on the Company's financial position or results of operations. In connection with the Merger, the Company entered into an agreement whereby the Fund Manager is entitled to receive $250 per year from the Company as a management fee for the performance of strategic and financial planning services. The amount of the annual management fee may be increased by up to an additional $750 per year based upon certain performance criteria. -7- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Dollars in thousands) The following is management's discussion and analysis of significant factors affecting the Company's earnings during the periods included in the accompanying condensed consolidated statements of operations. A table showing the percentage of net sales represented by certain items in the Company's condensed consolidated statements of operations is as follows:
Thirty-six Weeks Ended Twelve Weeks Ended January 4, January 6, January 4, January 6, 1997 1996 1997 1996 --------- --------- --------- --------- Net sales ........................... 100.0% 100.0% 100.0% 100.0% Gross profit ........................ 23.5 23.5 23.2 24.1 Direct store, warehouse and administrative expenses ............ 20.4 20.6 20.3 20.6 Operating income .................... 3.1 2.9 2.9 3.6 Interest expense, net ............... 3.0 0.9 3.0 0.9 Earnings (loss) before income taxes . 0.1 2.1 (0.1) 2.7 Provisions for income taxes ......... 0.8 1.0 Net earnings (loss) ................. 0.1 1.3 (0.1) 1.7 EBITDA .............................. 5.7 5.1 5.5 5.5
A summary of the period to period changes in certain items included in the condensed consolidated statements of operations for the thirty-six week periods and twelve week periods ended January 4, 1997 and January 6, 1996 is as follows:
Period-to-Period Changes Thirty-six Weeks Ended Twelve Weeks Ended January 4, 1997 January 4, 1997 $ % $ % -------- ------- ------- ------- Net sales ........................... $ 10,392 1.26% $ 1,743 0.63% Gross profit ........................ 2,570 1.33 (2,105) (3.14) Direct store, warehouse and administrative expenses ........... 772 0.46 (437) (0.76) Operating income .................... 1,798 7.50 (1,668) (16.86) Interest expense, net ............... 18,150 n/m 6,110 n/m Earnings (loss) before income taxes . (16,352) n/m (7,778) n/m Provision for income taxes .......... (6,131) n/m (2,916) n/m Net earnings (loss) ................. (10,221) n/m (4,862) n/m EBITDA .............................. 5,369 12.87 210 1.37 (n/m = not meaningful comparison)
-8- RESULTS OF OPERATIONS NET SALES Net sales increased $1,743 or .63% in the twelve week period and $10,392 or 1.26% in the thirty-six week period ended January 4, 1997 as compared to the corresponding periods ended January 6, 1996. The net sales increase was primarily attributable to the opening of new grocery stores and gasoline stations (three supermarkets were opened and three were closed and 10 gasoline stations were opened and one closed since January 6, 1996). Same store sales decreased approximately 1.4% for the twelve week period and decreased approximately .7% for the thirty-six week period ended January 4, 1997. The Company's store count at January 4, 1997 was 105 supermarkets (27 discount stores and 78 conventional stores) and 51 gasoline stations as compared to 105 supermarkets (32 discount stores and 73 conventional stores) and 42 gasoline stations at January 6, 1996. The Company is focusing on a new frequent shopper program which was launched subsequent to the end of the third quarter. While the Company believes that this program will bring about increased sales and improved gross margins, there can be no assurances of these results. GROSS PROFIT Gross profit as a percentage of net sales was 23.2% for the third quarter ended January 4, 1997 as compared to 24.1% for the same quarter of the preceding year. The decrease in gross profit was primarily due to increased promotional activities and a LIFO credit of $757 or .3% of sales in the prior year third quarter. The gross profit percentage was even at 23.5% of net sales for the thirty-six week period ended January 4, 1997 and for the corresponding period ended January 6, 1996. The current year LIFO provision was a credit of $200 at January 4, 1997 compared to a credit of $457 at January 6, 1996. DIRECT STORE, WAREHOUSE AND ADMINISTRATIVE EXPENSES Direct store, warehouse and administrative expenses were $56,767, or 20.3% of net sales and $57,204, or 20.6% of net sales for the twelve week period and were $169,839 or 20.4% of net sales and $169,067 or 20.6% of net sales for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. The Company's continued implementation of cost reductions and improvements in many areas including reductions in advertising expense and store supplies expense and improvements in warehouse backhaul income has helped to control direct store, warehouse and administrative expenses as a percentage of sales. EBITDA EBITDA (net income before interest income, interest expense, income taxes, depreciation and amortization and LIFO charges/credits) was $15,511, or 5.5% of net sales in the third quarter of fiscal 1997 as compared to $15,301 or 5.5% of net sales in the third quarter of fiscal 1996. EBITDA was $47,101 or 5.7% of net -9- sales and $41,732 or 5.1% of net sales for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. EBITDA as presented is consistent with the definition used for covenant purposes contained in the Indenture. EBITDA is a widely accepted financial indicator of a company's ability to service debt. However, EBITDA should not be construed as an alternative to operating income, net income or cash flows from operating activities (as determined in accordance with generally accepted accounting principles) and should not be construed as an indication of the Company's operating performance or as a measure of liquidity. NET INTEREST EXPENSE Interest expense was $8,478 in the third quarter of fiscal 1997 as compared to $2,368 in the third quarter of fiscal 1996 and was $25,207 and $7,057 for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. This increase in interest expense was due to the Company's long-term debt increasing from $34,740 at April 29, 1995 to $233,590 at January 4, 1997 as a result of the Merger and the decrease in interest income which was approximately $81 and $2,224 for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. INCOME TAX EXPENSE (BENEFIT) Income taxes were ($95) with an effective tax rate of 37.3% for the third quarter of fiscal 1997 and $2,821 with an effective tax rate of 37.5% for the third quarter of fiscal 1996. Income taxes were $210 with an effective tax rate of 37.3% and $6,341 with an effective tax rate of 37.5% for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. The decrease in income taxes was principally due to lower pretax earnings. LIQUIDITY AND CAPITAL RESOURCES Historically, the Company has funded its working capital requirements, capital expenditures and other needs principally from operating cash flows. Due to the Merger, however, the Company has become highly leveraged and has certain restrictions on its operations. The Company's principal sources of liquidity are expected to be cash flow from operations and borrowings under the $98,750 Credit Facility (under which letters of credit aggregating $10,481 and borrowings of $33,590 were outstanding at January 4, 1997). Cash provided by operating activities during the thirty-six week period ended January 4, 1997 was $28,165 compared to $32,472 for the thirty-six week period ended January 6, 1996. The largest component of the change in cash provided by operating activities was the decrease in net income due primarily to the increase in cash interest expense this year as a result of additional borrowing activities discussed above. In addition, inventory increased $3,178 this year as compared to a decrease of $4,164 last year. The Company also received $5,250 in May, 1996 as consideration for entering into a five year supply agreement with the purchaser of certain bakery assets from the Company. Additionally, accrued expenses increased $4,698 primarily due to an increase in accrued interest as a result of additional borrowing activities discussed above. Net cash used in investing activities was $18,348 and $11,936 for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. Cash was -10- primarily used for capital expenditures. Capital expenditures were $19,836 and $17,504 for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. Net cash used in financing activities was $7,851 and $8,890 for the thirty-six week period ended January 4, 1997 and January 6, 1996, respectively. The principal use of funds in financing activities for the thirty-six week period ended January 4, 1997 was the payment of principal on long-term debt (including the Credit Facility) and capital lease obligations. The Company believes that capital expenditures for the remainder of fiscal 1997 will be financed through cash flows from operations and borrowings under its Credit Facility. Capital expenditures for the remainder of fiscal 1997 are expected to be approximately $5,000 which will include expenditures primarily for store remodels, new gasoline stations and for the completion of the Company's MIS upgrade. Capital expenditure plans are continuously evaluated and modified from time to time depending on cash availability and other economic factors. PART II. OTHER INFORMATION (Dollars in thousands) ITEM 1. LEGAL PROCEEDINGS The Company is a party to certain litigation incurred in the normal course of business. In the opinion of management, the ultimate liability, if any, which may result from this litigation will not have a material adverse effect on the Company's financial position or results of operations. ITEM 2. CHANGE IN SECURITIES None. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS The Company held its annual meeting of shareholders on October 25, 1996. At the meeting, the number of directors was set at eleven. The shareholders also elected W. H. Holman, Jr., Roger P. Friou, Bruce C. Bruckmann, Harold O. Rosser, II, Stephen C. Sherrill, Michael E. Julian, John M. Moriarty, Jr., Peter T. Grauer, Robert R. Onstead, Ronald E. Johnson, and Bernard E. Ebbers to serve as directors until the date of the next annual shareholders meeting. Both the resolutions were approved by a vote of 424,150 shares "For", none "Against" and 850 shares "Absent". -11- ITEM 5. OTHER INFORMATION None. ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibits Exhibit No. ----------- * 27.1 Financial Data Schedule * Filed herewith. (b) Reports on Form 8-K None. -12- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. JITNEY-JUNGLE STORES OF AMERICA, INC. (Registrant) /s/ David R. Black ----------------------- David R. Black Senior Vice President - Finance, Chief Financial Officer Dated: February 10, 1997 EX-27 2 FDS 1-4-97 FINANCIALS FOR JITNEY JUNGLE
5 1,000 OTHER MAY-03-1997 OCT-13-1996 JAN-4-1997 7,642 0 7,638 0 80,623 101,056 320,985 (149,343) 281,556 77,694 0 52,718 7,604 4 (154,786) 281,556 279,905 279,905 214,915 271,682 0 0 8,478 (255) 95 (160) 0 0 0 (160) (4.41) (4.41)
-----END PRIVACY-ENHANCED MESSAGE-----