BIRMINGHAM, Ala., Jan. 7, 2016 /PRNewswire/ -- Golden Enterprises
Inc.'s (Nasdaq: GLDC) Board of Directors today declared a
quarterly dividend of $.03375 per
share payable January 27, 2016 to
stockholders of record on January 18,
2016.
Golden Enterprises Inc.'s total revenues for the second quarter
ending November 27, 2015 was
$32 million compared to $32 million last year. Net income increased
$558,824, $.05 compared to $.00, an increase of $.05 EPS. Selling, general, and
administrative expenses decreased $364,016 compared to the same period last
year. Favorable fuel cost, reduction in cost associated with
our fleet, and efficiencies from our ERP System contributed to the
reduction in SG&A.
Operating income increased $893,478 during the second quarter 2016 compared
to the same period last year. Significant improvements in
margins contributed to the increase in operating income.
For the twenty-six weeks ended November
27, 2015, net income per share was $.13 per share compared to $.07 per share in the twenty-six weeks ending
November 28, 2014. Total
revenues year-to-date were $66
million compared to $66
million last year.
The following is a summary of net sales and income information
for the thirteen weeks and twenty-six weeks ended November 27, 2015 and November 28, 2014.
|
|
Thirteen Weeks
Ended
|
|
Twenty-Six Weeks
Ended
|
|
|
|
November
27,
|
|
November
28,
|
|
November
27,
|
|
November
28,
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
Net sales
|
$
|
31,998,047
|
$
|
32,029,326
|
$
|
65,730,188
|
$
|
66,154,362
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
taxes
|
|
986,656
|
|
88,996
|
|
2,435,291
|
|
1,306,781
|
|
|
Income
taxes
|
|
387,105
|
|
48,269
|
|
946,142
|
|
498,828
|
|
|
Net income
|
$
|
599,551
|
$
|
40,727
|
$
|
1,489,149
|
$
|
807,953
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted
earnings per share
|
$
|
0.05
|
$
|
0.00
|
$
|
0.13
|
$
|
0.07
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted
weighted shares outstanding
|
|
11,291,757
|
|
11,732,632
|
|
11,291,757
|
|
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.
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SOURCE Golden Enterprises Inc.