Gristede's Foods, Inc. announced the results of operations for the first quarter (13 weeks) ended February 27, 2000 and the fiscal year (52 weeks) ended November 28, 1999: Results for the First Quarter Ended February 27, 2000 1st Quarter 1st Quarter (13 weeks) (13 weeks) ended ended Feb. 27, 2000 Feb. 28, 1999 Sales $ 53,747,897 $ 44,187,791 Adjusted EBITDA* 3,620,185 2,273,355 Net Income 1,006,376 406,696 EPS $0.05 $0.02 Weighted average number of shares outstanding 19,636,574 19,636,574