McRae Industries, Inc. Reports Earnings for Fiscal 2009

MOUNT GILEAD, N.C., Nov. 18 /PRNewswire-FirstCall/ -- McRae Industries, Inc. (Pink Sheets: MRINA and MRINB) reported consolidated net revenues for fiscal 2009 of $62,213,000 as compared to $80,021,000 for fiscal 2008. The net loss for fiscal 2009 totaled ($514,000). Due to the inclusion of dividends paid, fiscal 2009 per share net income was $0.11 per diluted Class A common share as compared to net earnings of $5,041,000, or $2.27 per diluted Class A common share for fiscal 2008.

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