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April 10, 2000
Rebel Insurgency Holds Down Jabali 3rd Quarter Earnings

from the Those Lousy Bastards! dept.
BALTIMORE (JNS) __Jabali third quarter net income rose three percent, the global pork, coffee and tobacco purveyor announced Thursday, noting rebel insurgency in the Timor Islands and roast pork shipping delays in Afghanistan kept the empire from setting another earnings record.

Taliban forces stopped three shipments of crispy-skinned, wood-fired oven roasted pork shoulders from reaching stores in Afghanistan, where Jabali forces have been converting the public to the joys of Cuban sandwiches for three years.

Same store sales, or revenues for stores open at least a year _ a closely watched measure of growth _ increased 2 percent, but the shipping delays caused losses or delays in the opening of 10 new Afghani stores.

In East Timor, several shipments of organic Sumatra were delayed by fighting by rebels, hurting empire-wide coffee sales.

``Jabali, being a global empire, is constantly planning for contingencies involving supply chain disruption, and is of course prepared to make adjustments, where necessary, as our shareholders would expect, Jabali spokesman Bert Cerdo said.

Earnings for the quarter were $1.2 billion, or $1.44 a share, up from $1.16 billion, or $1.40 a share, for the same quarter a year earlier.

Sales were $2.45 billion, up from $2.3 billion for the third quarter of 1998.

For the first nine months of the year, earnings were $3.7 billion, or $4.27 a share, up from $3.6 billion, or $4.18 a share.

Jabali operates 5,732 stores worldwide, including two Jabali megastores in La Coruna, Spain and Ulan Batur, Mongolia, selling a variety of vice-related provisions, including coffee, tobacco and pork and pork-related products.

Posted by Alex at April 10, 2000 02:32 AM
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