UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.  20549

                                    FORM 10-Q
(Mark One)
[X]       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

          For the quarterly period ended August 27, 2005
OR

[_]       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

          For the transition period from _____________ to ______________

          Commission File No. 0-5815

                            AMERICAN CONSUMERS, INC.
                            ------------------------
             (Exact name of registrant as specified in its charter)

                GEORGIA                                58-1033765
                -------                                ----------
    (State or other jurisdiction of          (I.R.S. Employer Identification
     Incorporation or organization)                      Number)

                55 Hannah Way, Rossville, GA             30741
                ----------------------------------------------
          (Address of principal executive offices)     (Zip Code)

       Registrant's Telephone Number, including Area Code: (706) 861-3347
       ------------------------------------------------------------------
        (Former name, former address and former fiscal year, if changed
                               since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90  days.  YES  [X]  NO  [_]

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act). [_] YES   [X]  NO

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [_] YES   [X]  NO

                      APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

               Class                             Outstanding at October 5, 2005
COMMON STOCK - $ .10 PAR VALUE                              801,292
NON VOTING COMMON STOCK - $ .10 PAR VALUE                    ----


<PAGE>
ITEM 1.   FINANCIAL STATEMENTS
<TABLE>
<CAPTION>
                 FINANCIAL INFORMATION
                AMERICAN CONSUMERS, INC.
  CONDENSED STATEMENTS OF INCOME AND RETAINED EARNINGS
                      (UNAUDITED)


                                  THIRTEEN WEEKS ENDED
                               --------------------------
                                August 27,    August 28,
                                   2005          2004
                               ------------  ------------
<S>                            <C>           <C>
NET SALES                      $ 7,995,089   $ 8,025,971
COST OF GOODS SOLD               6,040,175     6,096,749
                               ------------  ------------
Gross Margin                     1,954,914     1,929,222
OPERATING, GENERAL AND
  ADMINISTRATIVE EXPENSES        1,969,789     2,063,419
                               ------------  ------------

Operating Loss                     (14,875)     (134,197)

OTHER INCOME (EXPENSE)
  Interest income                    2,600           947
  Other income                      21,576        23,047
  Interest expense                 (13,202)      (14,681)
                               ------------  ------------
Loss Before Income Taxes            (3,901)     (124,884)
INCOME TAXES                             -             -
                               ------------  ------------

NET LOSS                            (3,901)     (124,884)

RETAINED EARNINGS:
  Beginning                        943,462     1,275,445

  Redemption of common stock             -          (106)
                               ------------  ------------

  Ending                       $   939,561   $ 1,150,455
                               ============  ============

PER SHARE:
  Net loss                     $    (0.005)  $    (0.154)
                               ============  ============
  Cash dividends               $         -   $         -
                               ============  ============
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING            803,988       811,910
                               ============  ============
</TABLE>

                        See Notes to Financial Statements


                                        2
<PAGE>
<TABLE>
<CAPTION>
                               FINANCIAL INFORMATION
                             AMERICAN CONSUMERS, INC.
                             CONDENSED BALANCE SHEETS


                                                         August 27,     May 28,
                                                            2005          2005
                                                        ------------  ------------
                                                         (Unaudited)
<S>                                                     <C>           <C>
                               --A S S E T S--
CURRENT ASSETS
  Cash and short-term investments                       $   447,341   $   298,759
  Certificate of deposit                                    303,993       302,848
  Accounts receivable                                       126,792       112,698
  Inventories                                             2,100,861     2,207,089
  Prepaid expenses                                           95,583        67,655
                                                        ------------  ------------
Total current assets                                      3,074,570     2,989,049
                                                        ------------  ------------
PROPERTY AND EQUIPMENT - at cost
  Leasehold improvements                                    292,842       290,586
  Furniture, fixtures and equipment                       3,264,298     3,258,304
                                                        ------------  ------------
                                                          3,557,140     3,548,890
  Less accumulated depreciation                          (2,997,477)   (2,931,312)
                                                        ------------  ------------
                                                            559,663       617,578
                                                        ------------  ------------
TOTAL ASSETS                                            $ 3,634,233   $ 3,606,627
                                                        ============  ============

                   --LIABILITIES AND STOCKHOLDERS' EQUITY--
CURRENT LIABILITIES
  Accounts payable                                      $   847,748   $   752,028
  Short-term borrowings                                     434,685       434,119
  Current maturities of long-term debt                      189,352       227,309
  Accrued sales tax                                         101,012       111,996
  Other                                                     192,933       187,917
                                                        ------------  ------------
Total current liabilities                                 1,765,730     1,713,369
                                                        ------------  ------------
LONG-TERM DEBT                                              178,081       198,935
                                                        ------------  ------------

STOCKHOLDERS' EQUITY
  Nonvoting preferred stock - authorized 5,000,000
    shares of no par value; no shares issued                      -             -
  Nonvoting common stock - authorized 5,000,000
    shares-$.10 par value; no shares issued                       -             -
  Common stock - $.10 par value; authorized 5,000,000
    shares; shares issued of 803,988                         80,399        80,399
  Additional paid-in capital                                670,462       670,462
  Retained earnings                                         939,561       943,462
                                                        ------------  ------------
Total Stockholders' Equity                                1,690,422     1,694,323
                                                        ------------  ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $ 3,634,233   $ 3,606,627
                                                        ============  ============
</TABLE>

                        See Notes to Financial Statements


                                        3
<PAGE>
<TABLE>
<CAPTION>
                              FINANCIAL INFORMATION
                            AMERICAN CONSUMERS, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


                                                        THIRTEEN WEEKS ENDED
                                                     --------------------------
                                                      August 27,    August 28,
                                                         2005          2004
                                                     ------------  ------------
<S>                                                  <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                             $    (3,901)  $  (124,884)
Adjustments to reconcile net loss to net cash
  provided by operating activities:
    Depreciation and amortization                         66,165        75,748
    Change in operating assets and liabilities:
      Accounts receivable                                (14,094)       38,833
      Inventories                                        106,228       167,196
      Prepaid expenses                                   (27,928)      (49,696)
      Accounts payable                                    95,720        10,198
      Accrued sales tax                                  (10,984)        1,428
      Other accrued liabilities                            5,016        12,046
                                                     ------------  ------------
Net cash provided by operating activities                216,222       130,869
                                                     ------------  ------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Decrease (increase) in certificate of deposit           (1,145)       23,488
  Purchase of property and equipment                      (8,250)      (15,452)
                                                     ------------  ------------
Net cash provided by (used in) investing activities       (9,395)        8,036
                                                     ------------  ------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Net increase in short-term borrowings                      566        25,416
  Principal payments on long-term debt                   (58,811)      (60,765)
  Redemption of common stock                                   -        (1,608)
                                                     ------------  ------------
Net cash used in financing activities                    (58,245)      (36,957)
                                                     ------------  ------------
Net increase in cash                                     148,582       101,948
Cash and cash equivalents at beginning of period         298,759       335,135
                                                     ------------  ------------
Cash and cash equivalents at end of period           $   447,341   $   437,083
                                                     ============  ============
</TABLE>

                        See Notes to Financial Statements


                                        4
<PAGE>
                            AMERICAN CONSUMERS, INC.
                          NOTES TO FINANCIAL STATEMENTS

(1)  Basis  of  Presentation.

     The financial statements have been prepared in conformity with United
     States generally accepted accounting principles.

     The interim financial statements have not been audited and should be read
     in conjunction with the notes to the financial statements presented in the
     Corporation's 2005 Annual Report to Shareholders. The quarterly financial
     statements reflect all adjustments which are, in the opinion of management,
     necessary for a fair presentation of the results for interim periods. All
     such adjustments are of a normal recurring nature. The results for the
     interim periods are not necessarily indicative of the results to be
     expected for the complete fiscal year.

(2)  Commitments  and  Contingencies.

     We do not anticipate that capital expenditures will exceed $150,000 for the
     year. This estimate is based on the anticipated replacement of two or three
     vehicles during the fiscal year, as well as anticipated equipment failures
     that would be replaced in the ordinary course of business during the year
     (estimated based on prior experience). As of August 27, 2005, capital
     expenditures for the fiscal year to date totaled $8,250 and, apart from any
     other ordinary course replacements that might arise, there are no capital
     expenditures budgeted or expected, except for the replacement of vehicles.
     Capital expenditures are normally funded from a combination of funds
     generated by operations and, to the extent necessary, additional borrowings
     under our bank line of credit or, in the case of new vehicles, manufacturer
     financing where appropriate.

     The Company adopted a retirement plan effective January 1, 1995. The plan
     is a 401(k) plan administered by BISYS Qualified Plan Services.
     Participation in the plan is available to all full-time employees after one
     year of service and age 19. Any contribution by the Company is at the
     discretion of the Board of Directors, which makes its decision annually at
     the quarterly meeting in January. The Board voted to contribute $7,500 to
     the plan for both calendar years 2004 and 2003.

     None of the Company's employees are represented by a union.

(3)  Cost  of  Goods  Sold.

     Cost of goods sold is comprised of the cost of purchasing the Company's
     products (such as groceries and other vendor-supplied products) which are
     sold during the period. Cost of goods sold is equal to the beginning
     inventory, plus the cost of goods purchased during the period, less the
     amount comprising ending inventory. The cost of goods sold shown on the
     Company's Statement of Income and Retained Earnings is presented net of
     rebates from suppliers. These rebates represent cash consideration received
     from suppliers based primarily on the Company's volume of purchases from
     such suppliers. These rebates do not include reimbursement of costs
     incurred to sell the supplier's products. In accordance with EITF 02-16,
     the Company applies rebates from suppliers (excluding rebates for
     advertising costs) as a reduction in cost of goods sold.


                                        5
<PAGE>
ITEM 2
<TABLE>
<CAPTION>
                                                     THIRTEEN WEEKS ENDED
                                                  --------------------------
                                                   August 27,    August 28,
                                                      2005          2004
                                                  ------------  ------------
<S>                                               <C>           <C>

Sales                                             $ 7,995,089   $ 8,025,971
% Sales Increase (Decrease)                            (0.38)%         9.44%
Gross Margin %                                          24.45%        24.04%
Operating, General and Administrative Expenses:
  Amount                                          $ 1,969,789   $ 2,063,419
  % of Sales                                            24.64%        25.71%
Net Loss                                          $    (3,901)  $  (124,884)
</TABLE>


Overview:
--------

American Consumers, Inc. (the "Company"), operates eight (8) self-service
supermarkets within a compact geographical area that comprises Northwest
Georgia, Northeast Alabama, and Southeast Tennessee.  All of our supermarkets
are operated under the name "Shop-Rite," and are engaged in the retail sale of
groceries including meats, fresh produce, dairy products, frozen foods, bakery
products, tobacco products, and miscellaneous other non-food items.

The Company realized a net loss for the thirteen weeks (quarter) ended August
27, 2005, of $3,901, a significant improvement over the loss of $124,884 for the
same period last year even though sales remained essentially flat for the
current quarter as compared to the prior year period. The improvement is
partially due to the fact that we succeeded during the quarter in strategically
adjusting our retail pricing mix to recapture the increase that our principal
supplier implemented in its wholesale markup during the third quarter of the
Company's fiscal 2005. The completion of this retail pricing adjustment is
reflected in the slight improvement in the gross margin percentage presented
above for the current quarter as compared to the prior year period.

Management actively monitors both the gross margin and the Company's retail
pricing structure in an attempt to maximize profitability.  Management began
working on the Company's gross margin during the quarter ended August 31, 2002,
at which time the gross margin stood at 22.79% for the fiscal year ended June 1,
2002.  While occasional improvements in gross profit have been seen in recent
periods, as we have previously noted, it is difficult to maintain a trend of
consistent improvement in the gross margin due to competitive conditions which
often delay the Company's ability to pass through price increases experienced at
the wholesale level.  Our principal supplier, subsequent to the quarter ended
August 27, 2005, has implemented a fuel surcharge at a rate of 0.05% on grocery
items.  As with the supplier's previous wholesale price increase, management
will attempt to offset the effect of this surcharge through strategic
adjustments to our pricing mix going forward.

Further improvements in the gross margin may not be achievable at this time,
however, and deterioration in the Company's gross margin is possible.
Management believes that competitive pressures on the Company, which have led to
the losses experienced in recent periods, will continue to increase over time as
a result of competitors opening more new stores in the Company's trade area.
These competitors have greater financial resources than those of the Company,
and may be able to obtain preferential treatment from suppliers in the form of


                                        6
<PAGE>
advertising allowances, lower prices and other concessions not available to the
Company.  These factors allow our competitors to engage in aggressive pricing
and promotional activities that the Company cannot match, putting us at a
competitive disadvantage.  In response to these developments, management will
continue seeking to improve the gross margin and increase profitability by
working to obtain the lowest cost for the Company's inventory, and as
competition permits, by periodically implementing adjustments in the Company's
overall mix of retail prices.

Our gross margins may not be directly comparable to those of our larger
competitors, since some of those companies may include the costs of their
internal distribution networks in cost of goods sold - thus impacting the gross
margin - while others reflect such costs elsewhere (such as in operating,
general and administrative expenses).  Unlike many of the larger grocery store
chains with which we compete, the Company does not have an internal distribution
network.  Inventory is delivered directly to our individual store locations by
our wholesale supplier, which recovers its distribution costs through the markup
that it charges to the Company.

Management has been working to reduce operating and administrative expenses. As
reflected in the table above, the reduction of these expenses by $93,630 (or
1.07% of sales) in the current quarter as compared to the prior year period is
the other major reason for the improvement in the Company's net loss for the
first quarter of fiscal 2006. This improvement is attributable to the decreases
which are detailed below under the caption Operating, General and Administrative
Expenses. In addition to the fuel surcharge recently added by our principal
supplier, we anticipate that our inventory cost also may increase in the near
term due to similar cost increases being passed on to us by our other vendors.
Further, it is difficult to anticipate the additional direct costs that the
Company will incur as a result of increased fuel and natural gas prices during
the coming year. These factors, combined with the relatively fixed nature of
certain of our expenses, mean that any future decrease in sales due to the
effects of ongoing competition will likely erode that improvement experienced in
these expenses as a percentage of sales during the current quarter, which could
intensify the Company's operating losses.


Sales:
-----

Sales for the three months ended August 27, 2005 remained relatively flat
compared to the same quarter last year. The slight decline of $30,882 amounts to
a sales decrease of only 0.38%. Three of our stores experienced sales increases
ranging from 2.13% to 5.90%, while the five remaining stores experienced sales
declines ranging from 1.40% to 3.54%. The 9.44% increase in sales for the first
quarter of the fiscal 2005 period as compared to the first quarter of fiscal
2004 is nearly all attributable to the addition of the Company's eighth grocery
store in December 2003, as sales remained essentially flat at the other seven
locations. Management believes that the difficulties experienced by the Company
in increasing its sales volume, apart from the addition of new store locations,
are indicative of the effects of ongoing price competition from larger
competitors with greater financial resources than the Company.


Gross Margin:
------------

The Company's gross margin percentage for the three months ended August 27, 2005
increased by 0.41% from 24.04% to 24.45% as compared to the three months ended
August 28, 2004. This increase is attributable to the fact that we successfully
adjusted our retail pricing mix to offset the effect of our principal supplier's
increase in its wholesale


                                        7
<PAGE>
markup which occurred during the quarter ended February 26, 2005.  However,
subsequent to the end of the first quarter, our principal supplier implemented a
0.05% fuel surcharge with respect to grocery items, excluding meat, produce and
certain other items.  To the extent the Company is not able to increase retail
prices to recover this additional increase in cost, the gross margin will be
negatively affected.  Price increases are also expected from other vendors soon,
due to recent increases in fuel costs.  In response to these developments,
management will continue seeking to improve the gross margin and increase
profitability by obtaining the lowest cost for the Company's inventory, and as
competition permits, by periodically implementing strategic adjustments in the
Company's overall mix of retail prices.  The gross margin of 24.04% for the
quarter ended August 28, 2004 increased only slightly over the 23.82% gross
margin for the corresponding quarter of fiscal 2004, but remained relatively
flat as compared to the 23.97% gross margin for the full fiscal year ended May
29, 2004.


Operating, General and Administrative Expenses:
----------------------------------------------

The Company's operating expenses are comprised primarily of operating, general
and administrative expenses, including personnel salary costs and related
payroll costs, depreciation expense, lease expense, professional fees, bank
services charges and credit card fees, costs for office supplies, insurance
expense, advertising expense, telephone and utilities expense, repairs and
maintenance and other minor miscellaneous expenses. For the quarter ended August
27, 2005, the primary components of the $93,630 decrease in these expenses were
decreases in grocery store wages ($38,128), supplies expense ($36,668),
insurance expense ($12,801), and professional fees ($10,553), partially offset
by increases aggregating to $4,520 in other operating, general and
administrative expense items, principally taxes and licenses. In accordance with
EITF 02-16, advertising rebates received from suppliers are deducted from
advertising expense within this category.

For the quarter ended August 28, 2004, operating, general and administrative
expenses increased to 25.71% of sales, as compared to 24.19% for the quarter
ended August 30, 2003. This increase reflected the continuation of a trend which
saw operating and administrative expenses equal to 25.65% of sales for the
quarter ended February 26, 2004 and 25.40% of sales for the quarter ended May
29, 2004. The overall increase in operating and administrative expenses during
these periods was due primarily to increases in store payroll, repairs and
insurance. A portion of these increases resulted from the addition of the
Company's eighth grocery store in December 2003, while the remainder reflected
an increase in these expenses at the Company's other seven stores while same
store sales remained essentially flat as compared to the quarter ended August
30, 2003.


Other Income:
------------

Other income decreased from $23,047 for the quarter ended August 28, 2004 to
$21,576 for the quarter ended August 27, 2005.  The components of other income
for the quarters ended August 27, 2005 and August 28, 2004 were as follows:


                                        8
<PAGE>
<TABLE>
<CAPTION>
                                                        THIRTEEN WEEKS ENDED
                                                 ----------------------------------
     Description                                 August 27, 2005   August 28, 2004
     ------------------------------------------  ----------------  ----------------
<S>                                              <C>               <C>
     Check cashing fees                          $         14,983  $         13,450
     Funds received for handling money orders               1,017             2,863
     Vendor's compensation from the States of
       Alabama and Georgia for collecting and
       remitting sales taxes on a timely basis              3,552             3,547
     Returned check fees                                      290             2,190
     Revenue related to Fed-Ex shipments/other              1,734               997
                                                 ----------------  ----------------
     TOTAL                                       $         21,576  $         23,047
                                                 ================  ================
</TABLE>

Income Taxes:
------------

The Company accounts for income taxes in accordance with the provisions of SFAS
No. 109, "Accounting for Income Taxes," which requires that deferred income
taxes be determined based on the estimated future tax effects of differences
between the financial statement and tax bases of assets and liabilities given
the provisions of the enacted tax laws.  Valuation allowances are used to reduce
deferred tax assets to the amount considered likely to be realized.

No  amounts  have  been  provided for current and deferred federal and state tax
expense in the statements of income for the thirteen weeks ended August 27, 2005
or  August  28,  2004,  as  a  result  of continued net operating losses and the
related  full  valuation  of  the  Company's  net  deferred  tax  assets.


Inflation:
---------

Although currently not a significant factor, the Company continues to seek ways
to cope with the threat of renewed inflation.  To the extent permitted by
competition, increased costs of goods and services to the Company are reflected
in increased selling prices for the goods sold by the Company.

                               FINANCIAL CONDITION

Liquidity and Capital Resources:
-------------------------------

Changes in the Company's liquidity and capital resources during the periods
presented resulted primarily from the following:

During the thirteen weeks ending August 27, 2005, the Company increased its cash
and cash equivalents in the amount of $148,582, primarily as a result of the
effects of depreciation (which is a non-cash expense), a decrease in the
Company's overall inventory levels and an increase in accounts payable.  Funds
generated from operations were utilized to reduce the Company's long-term debt
by approximately $58,800 during this thirteen week period.  Purchases of
property and equipment approximated $8,250 for this thirteen week period, and
also were funded by cash generated from operations.


                                        9
<PAGE>
During the thirteen weeks ending August 28, 2004, the Company increased its cash
and cash equivalents in the amount of $101,948.  The Company incurred a net loss
for the thirteen week period of $124,884.  This loss, from a cash flow
standpoint, was more than offset by $75,748 in non-cash depreciation expense
taken during this period together with a reduction in inventories of $167,196.
The Company also used cash generated from operations for the repayment of
long-term debt in the amount of $60,765 during the thirteen week period ended
August 28, 2004.

The  ratio  of current assets to current liabilities was 1.74 to 1 at the end of
the latest quarter, August 27, 2005 compared to 1.87 to 1 on August 28, 2004 and
1.74  to  1  at  the  end  of the fiscal year ended on May 28, 2005.  Cash, cash
equivalents  and  the  certificate  of  deposit  constituted 24.44% of the total
current  assets  at  August 27, 2005, as compared to 23.42% of the total current
assets  at August 28, 2004 and 20.13% at May 28, 2005.  These ratios reflect the
trends  discussed  above,  in  that  the  Company increased its reliance on bank
financing  during  recent  periods, due to increased losses which coincided with
increased  inventory  and  capital  spending  requirements  related  to  the
establishment of our eighth grocery store location.  Management has been working
to  gradually  reduce  the  Company's  inventory  level in order to moderate the
effects  of  these developments on the Company's overall liquidity, resulting in
the  improvement  in  the  proportion  of  current assets composed of cash, cash
equivalents and the certificate of deposit at August 27, 2005 as compared to May
28,  2005  and  August  28,  2004.

Historically, the Company has financed its working capital requirements
principally through its cash flow from operations.  Short-term borrowing to
finance inventory purchases is provided by the Company's $500,000 line of credit
from its bank and through borrowings from related parties, as discussed below.
The bank line of credit is secured by the Company's certificate of deposit, as
well as by a security interest in substantially all of our accounts receivable,
inventory, machines and equipment, furniture and fixtures and by personal
guarantees of Michael A. Richardson and Paul R. Cook, the Company's President
and CEO and Executive Vice President and CFO, respectively.  While we believe
that these sources will continue to provide us with adequate liquidity to supply
the Company's working capital needs, if the Company's operating losses were to
increase relative to depreciation and other non-cash charges, our operating cash
flows could be adversely affected.  If this happens, we could be required to
seek additional financing through bank loans, or other sources, in order to meet
our working capital needs.  If we were required to seek such additional
financing and were not able to obtain it, or were unable to do so on
commercially reasonable terms, we could be required to reduce the Company's
current level of operations in order to lower our working capital requirements
to a level that our present financing arrangements would support.

Short-term borrowings as of specific dates are presented below:

<TABLE>
<CAPTION>
                              August 27,     May 28,    August 28,
                                 2005         2005         2004
                              -----------  -----------  -----------
<S>                           <C>          <C>          <C>
Michael and Diana Richardson  $    12,988  $    12,776  $    13,302
Matthew Richardson                 21,697       21,343       27,164
Line of Credit                    400,000      400,000      325,000
                              -----------  -----------  -----------
TOTAL                         $   434,685  $   434,119  $   365,466
                              ===========  ===========  ===========
</TABLE>

The Company's line of credit with Northwest Georgia Bank bears interest at
prime, subject to a 6.0% floor.  Notes to Michael and Diana Richardson and to
Matthew Richardson are unsecured, payable on demand and bear interest at .25%
below the base rate charged by Northwest Georgia Bank on the line of credit.
Michael Richardson is Chairman of the Board and Chief Executive Officer of the
Company.  Diana Richardson is the wife of Michael Richardson, and Matthew
Richardson is their son.


                                       10
<PAGE>
Long-Term Debt:
--------------

At August 27, 2005, long-term debt consisted of a note payable to Northwest
Georgia Bank of $105,086 to finance cash registers and peripheral equipment and
notes payable to Northwest Georgia Bank of $17,380 incurred in April 2001 to
finance the addition of the Company's seventh grocery store and $244,967
incurred in December 2003 to finance the addition of the Company's eighth
grocery store.  In addition, two vehicles were purchased and financed through
GMAC with a balance due at August 27, 2005, of zero.  Long-term debt as of
specific dates are presented below:

<TABLE>
<CAPTION>
                                             August 27,     May 28,    August 28,
                                                2005         2005         2004
                                             -----------  -----------  -----------
<S>    <C>                                   <C>          <C>          <C>
       Note payable, Bank, secured by
       all inventory, machinery and
       equipment, due $6,781 monthly
       plus interest at prime with 6% floor
       through December 2008.                $   244,967  $   261,309  $   309,226

       Note payable, Bank, secured by
       all inventory, machinery and
       equipment, due $11,381 monthly
       plus interest at the prime rate
       through September 2006.                   105,086      137,287      232,483

       Note payable, Bank, secured by
       all inventory, machinery and
       equipment, due $3,576 monthly
       plus interest at the prime rate
       plus 1.5% through April, 2006.             17,380       27,648       54,381

       Vehicle loans; collateralized by
       automobiles due $1,305 monthly
       through December 2004.                          -            -        5,223
                                             -----------  -----------  -----------
                                             $   367,433  $   426,244  $   601,313
       Less current maturities                   189,352      227,309      239,399
                                             -----------  -----------  -----------
                                             $   178,081  $   198,935  $   361,914
                                             ===========  ===========  ===========
</TABLE>

The following is a schedule by years of the amount of maturities of all
long-term debt subsequent to August 27, 2005:

<TABLE>
<CAPTION>
            Twelve Months
            Ending August      Amount
            --------------  ----------
            <S>              <C>
                 2006        $ 189,352
                 2007           71,543
                 2008           76,525
                 2009           30,013
</TABLE>

During the quarter ended August 27, 2005 retained earnings decreased as a result
of the Company's net loss for the quarter.


                                       11
<PAGE>
Critical Accounting Policies:
----------------------------

Critical accounting policies are those policies that management believes are
important to the portrayal of the Company's financial condition and results of
operations and require management's most difficult, subjective or complex
judgments, often as a result of the need to make estimates about the effect of
matters that are inherently uncertain.

Management has determined valuation of its inventories as a critical accounting
policy.  Inventories are stated at the lower of average cost or market.


Off-Balance Sheet Arrangements:
------------------------------

The Company had no significant off-balance sheet arrangements as of August 27,
2005.


Related Party Transactions:
--------------------------

Except as discussed above under "Liquidity and Capital Resources," there were no
material related party transactions during the thirteen week period ended August
27, 2005.

Forward - Looking Statements:
----------------------------

Information provided by the Company, including written or oral statements made
by its representatives, may contain "forward looking information" as defined in
Section 21E of the Securities Exchange Act of 1934, as amended.  All statements
which address activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things as expansion
and growth of the Company's business, the effects of future competition, future
capital expenditures and the Company's business strategy, are forward-looking
statements.  In reviewing such information it should be kept in mind that actual
results may differ materially from those projected or suggested in such
forward-looking statements.  This forward-looking information is based on
various factors and was derived utilizing numerous assumptions.  Many of these
factors previously have been identified in filings or statements made on behalf
of the Company, including filings with the Securities and Exchange Commission on
Forms 10-Q, 10-K and 8-K.  Important assumptions and other important factors
that could cause actual results to differ materially from those set forth in the
forward-looking statements include: changes in the general economy or in the
Company's primary markets, the effects of ongoing price competition from
competitors with greater financial resources than those of the Company, changes
in consumer spending, the nature and extent of continued consolidation in the
grocery store industry, changes in the rate of inflation, changes in state or
federal legislation or regulation, adverse determinations with respect to any
litigation or other claims, inability to develop new stores or complete remodels
as rapidly as planned, stability of product costs, supply or quality control
problems with the Company's vendors, and other issues and uncertainties detailed
from time-to-time in the Company's filings with the Securities and Exchange
Commission.


                                       12
<PAGE>
ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company does not engage in derivative transactions, nor does it hold or
issue financial instruments for trading or other speculative purposes. The
Company is exposed to market risk related to changes in interest rates primarily
as a result of its borrowing activities. The effective interest rate on the
Company's borrowings under its Line of Credit Agreements and under its
outstanding notes varies with the prime rate. The Company does not maintain any
interest rate hedging arrangements. Based on the Company's outstanding
indebtedness at August 27, 2005 (and annualized to represent a full twelve
months of results), a one percent (1.0%) increase in the prime interest rate
would increase interest expense applicable to our variable rate debt (and our
net loss) by approximately $8,000 annually. Due to the interest rate floor
provisions in a majority of the Company's variable rate debt, decreases in the
prime interest rate would have a negligible impact on the Company's annualized
interest expense. All of the Company's business is transacted in U.S. dollars
and, accordingly, foreign exchange rate fluctuations have never had a
significant impact on the Company and they are not expected to in the
foreseeable future.

ITEM 4.     CONTROLS AND PROCEDURES

As of the end of the period covered by this quarterly report, an evaluation was
performed, under the supervision and with the participation of our management,
including the Company's Chief Executive Officer and the Chief Financial Officer,
of the effectiveness of the design and operation of the Company's disclosure
controls and procedures pursuant to Exchange Act Rule 13a-15.  Based on that
evaluation, the Chief Executive Officer and Chief Financial Officer concluded
that the Company's disclosure controls and procedures are effective.  No change
in the Company's internal control over financial reporting occurred during the
period covered by this quarterly report that materially affected, or is
reasonably likely to materially affect, our internal control over financial
reporting.


                                       13
<PAGE>
                            AMERICAN CONSUMERS, INC.

                          PART II     OTHER INFORMATION


ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(c)  Issuer  Repurchases:
     -------------------

The Company did not repurchase any of its common stock during the fiscal quarter
covered by this report.


ITEM 6     EXHIBITS

     The following exhibits are filed as a part of the report.

     (11)    Statement  re:  computation  of  per  share  earnings.

     (31.1)  CEO  Certification  pursuant  to  Exchange  Act Rules 13a-14(a) and
             15d-14(a).

     (31.2)  CFO  Certification  pursuant  to  Exchange  Act Rules 13a-14(a) and
             15d-14(a).

     (32.1)  CEO  Certification  pursuant  to  Exchange  Act Rules 13a-14(b) and
             15d-14(b).

     (32.2)  CFO  Certification  pursuant  to  Exchange  Act Rules 13a-14(b) and
             15d-14(b).


                                       14
<PAGE>
                                   SIGNATURES
                                   ----------


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                            AMERICAN CONSUMERS, INC.
                                            (Registrant)


        October 11, 2005                    /s/ Michael A. Richardson
Date:  ____________________                 _________________________
                                            Michael A. Richardson
                                            CHAIRMAN OF THE BOARD AND
                                            CHIEF EXECUTIVE OFFICER
                                            (Principal Executive Officer)

        October 11, 2005                    /s/ Paul R. Cook
Date:  ____________________                 __________________________
                                            Paul R. Cook
                                            EXECUTIVE VICE PRESIDENT AND
                                            TREASURER
                                            (Principal Financial Officer &
                                            Chief Accounting Officer)


                                       15
<PAGE>
                            AMERICAN CONSUMERS, INC.

                                  EXHIBIT INDEX


Exhibits filed with this report:


     (11)    Statement  re:  computation  of  per  share  earnings.

     (31.1)  CEO  Certification  pursuant  to  Exchange  Act Rules 13a-14(a) and
             15d-14(a).

     (31.2)  CFO  Certification  pursuant  to  Exchange  Act Rules 13a-14(a) and
             15d-14(a).

     (32.1)  CEO  Certification  pursuant  to  Exchange  Act Rules 13a-14(b) and
             15d-14(b).

     (32.2)  CFO  Certification  pursuant  to  Exchange  Act Rules 13a-14(b) and
             15d-14(b).


                                       16