EXHIBIT 13(a)
Selected Financial Data
Piccadilly Cafeterias, Inc.
(Amounts in thousands--except per share data and number of employees)
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Year Ended June 30 1996 1995 1994 1993 1992
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Net sales $300,550 $287,848 $276,223 $271,460 $295,114
Cost of sales 171,224 163,830 155,411 158,777 166,900
Other operating expense 101,459 97,213 92,250 88,676 99,892
Net income (loss) 385 (A) 4,051 7,047 4,825 (24,586)(B)
Per share data:
Net income (loss) .04 (A) .40 .70 .49 (2.51)(B)
Cash dividends .48 .48 .48 .48 .48
Total assets 148,280 65,121 154,773 152,618 152,906
Cash and cash equivalents --- --- --- 14,094 9,438
Long-term debt 25,700 18,000 24,000 36,000 39,000
Shareholders' equity 73,293 76,445 75,874 72,192 71,018
Operating cash flow 21,404 20,823 23,426 16,782 23,675
Number of employees 8,500 7,600 7,300 7,600 8,700
(A) Includes $5,830,000 ($.56 per share) for the after-tax effect of the
write-down of long-lived assets in accordance with SFAS 121 (See Note 2
for further discussion).
(B) Includes $30,904,000 ($3.14 per share) for the after-tax effect of
the write-off of intangible assets related to the Ralph & Kacoo's
acquisition on December 2, 1988 and estimated disposition costs of 15
cafeteria and restaurant operating units.
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