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NOTES IN IUARTERLY REPCRT <br />THIRD QUARTER ENDED SEPTEMBER ,0, 1973 <br />BALANCE SHEET <br />INVENTORIES INCREASED 825,400. OVER 3RD QUARTER, 1972, AND $13,929. OVER 2ND QUARTER <br />1973. NET INCOME FOR THE 3RD QUARTER IS UP $35,472. OVER 2ND QUARTER, 19730 <br />INCOME STATEMENT <br />TOTAL SALES INCREASED g53,a'-4. FROM 1971, SINCE '_OST OF GOODS SCLD AND OPERATING <br />EXPENSES ARE DOWN, AND PROMOTIONAL DISCOUNTS AND OTHER INCOME ARE UP, WE HAVE A <br />NET INCOME INCREASE OF 375,165. <br />STORE ONE <br />NET SALES UP 940,220. COST OF GOODS SOLD DOWN $7,4103. PROMOTIONAL DISCOUNTS UP <br />$6,259. OPERATING EXPENSE DOWN $6,747. NET INCOME UP $61,910. <br />STORE TWO <br />NET SALES up 213,664. COST OF GOODS SOLD UP $4,076. PROMOTIONAL DISCOUNTS UP <br />96,023. OPERATING EXPENSE UP V,04 -B. NET INccME UP 211,256. <br />ON SALE <br />COMBINED SALES UP $59,243. INCOME UP 567,156. <br />STORE #1 SALES UP S69,290. INcomE UP .QgSj,[:j• <br />STORE #2 SALES UP INCOME UP <br />CFF SALE <br />COMBINED SALES DOWN 535,3 j9• INCOME UP $7,960. <br />STORE #1 SALES DOWN :29,070. INCOME UP $c, -iU'. <br />STORE #2 SALES DOWN $6,289. INCOME DOWN S-23. <br />THIRD QUARTER, 19?3. INCOME OF $106,1;9. 15 A 98.94% INCREASE OVER THIRD (SUARTLR, 1972. <br />AND IS THE HIGHEST QUARTERLY NET INCOME ST. ANTHONY HAS EVER ENJOYED. <br />