UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION



                              Washington D.C. 20549

                                    FORM 10-Q

                Quarterly report pursuant to Section 13 or 15 (d)
                     of the Securities Exchange Act of 1934

                  For the Quarterly period ended August 1, 1998

                    Commission file number 1-5745-1 FOODARAMA
                               SUPERMARKETS, INC.
             (Exact name of registrant as specified in its charter)

                              New Jersey 21-0717108
                (State or other jurisdiction of (I.R.S. Employer
               incorporation or organization) identification No.)

                      922 Highway 33, Freehold, N.J. 07728
                    (Address of principal executive offices)

                             Telephone #732-462-4700
              (Registrant's telephone number, including area code)

     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 and (2) has been subject to
     the filing requirements for at least the past 90 days.

                                    Yes X No

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
         classes  of common  stock,  as of the close of the  latest  practicable
         date.

                                                         OUTSTANDING AT
            CLASS                                        September 4, 1998

         Common Stock                                    1,117,150 shares
         $1 par value


<PAGE>






                          FOODARAMA SUPERMARKETS, INC.


                      PART I.   FINANCIAL INFORMATION

                         Item 1.              Financial Statements

                             Unaudited Consolidated Balance Sheets
                             August 1, 1998 and November 1, 1997

                             Unaudited Consolidated Statements of Operations for
                             the  thirteen   weeks  ended
                             August 1, 1998 and August 2, 1997

                             Unaudited Consolidated Statements of 
                             Operations for the thirty  nine weeks ended
                             August 1, 1998 and August 2, 1997

                             Unaudited Consolidated Statements of
                             Cash Flows for the thirty  nine weeks ended
                             August 1, 1998 and August 2, 1997

                             Notes to the Unaudited Consolidated Financial
                             Statements

                         Item 2.   Management's Discussion and Analysis of
                                   Financial Condition and Results of Operations


                    PART II.  OTHER INFORMATION


                        Item 6.              Exhibits and Reports on Form 8-K


                Certain information included in this report and other Registrant
filings  (collectively,  "SEC  filings")  under the  Securities  Act of 1933, as
amended,  and the  Securities  Exchange  Act of  1934,  as  amended  (as well as
information  communicated  orally or in  writing  between  the dates of such SEC
filings)  contain or may contain  forward-looking  information that is (i) based
upon  assumptions  which,  if changed,  could  produce  significantly  different
results;  or (ii) subject to certain risks,  trends and uncertainties that could
cause actual results to differ  materially  from expected  results.  Among these
risks,  trends and  uncertainties  are  matters  related to  national  and local
economic conditions, the effect of certain governmental regulations and programs
on the  Registrant,  year 2000  issues  related  to  computer  applications  and
competitive conditions in the

                                        2

<PAGE>



marketplace in which the Registrant operates. The forward-looking statements are
made as of the date of this Form 10-Q and the  Registrant  assumes no obligation
to update the  forward-looking  statements or update the reasons  actual results
could  differ  from those  projected  in such  forward-looking  statements.  See
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operation."



                                        3

<PAGE>




PART I FINANCIAL INFORMATION
FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands)
                                                           August 1, November 1,
                                                               1998       1997
                                                         (Unaudited)       (1)
ASSETS

Current assets:
 Cash and cash equivalents ...........................     $  3,634     $  3,678
 Merchandise inventories .............................       35,553       33,585
 Receivables and other current assets ................        2,808        3,576
 Prepaid income taxes ................................          252          392
 Related party receivables - Wakefern ................        3,971        5,389
 Related party receivables - other ...................          134          238
                                                           --------     --------

                                                             46,352       46,858
                                                           --------     --------

Property and equipment:
 Land ................................................          308           93
 Buildings and improvements ..........................        1,220          829
 Leaseholds and leasehold improvements ...............       33,143       32,064
 Equipment ...........................................       72,766       65,935
 Property and equipment under capital leases .........       19,464       19,443
 Construction in progress ............................        4,214            0
                                                           --------     --------
                                                            131,115      118,364
 Less accumulated depreciation and
 amortization ........................................       67,535       62,210
                                                           --------     --------

                                                             63,580       56,154
                                                           --------     --------

Other assets:
 Investments in related parties ......................        9,256        9,256
 Intangibles .........................................        4,697        5,100
 Other ...............................................        2,106        2,847
 Related party receivables - Wakefern ................        1,268        1,191
 Related party receivables - other ...................          222           94
                                                           --------     --------

                                                             17,549       18,488
                                                           --------     --------

                                                           $127,481     $121,500
                                                           ========     ========

                                                                     (continued)

(1) Derived  from the Audited  Consolidated  Financial  Statements  for the year
ended  November  1,  1997.
See  accompanying  notes to  consolidated  financial statements.

                                        4

<PAGE>
FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands - except share data)
                                                           August 1, November 1,
                                                             1998         1997
                                                         (Unaudited)        (1)
LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities:
 Current portion of long-term debt ...................     $  6,970     $  6,647
 Current portion of long-term debt,
  related party ......................................        1,248          738
 Current portion of obligations under
  capital leases .....................................          507          469
 Deferred income tax liability .......................          945          945
 Accounts payable:
  Related party ......................................       25,962       23,723
  Others .............................................        6,801        3,763
 Accrued expenses ....................................        8,342        7,055
                                                           --------     --------

                                                             50,775       43,340
                                                           --------     --------

Long-term debt .......................................       16,436       17,874
Long-term debt, related party ........................          846        1,797
Obligations under capital leases .....................       16,961       17,325
Deferred income taxes ................................        3,658        3,828
Other long-term liabilities ..........................        6,194        6,021
                                                           --------     --------

                                                             44,095       46,845
                                                           --------     --------

Shareholders' equity:
 Common stock, $1.00 par; authorized
   2,500,000 shares; issued 1,621,627 shares .........        1,622        1,622
 Capital in excess of par ............................        2,351        2,351
 Retained earnings ...................................       35,267       33,971
                                                           --------     --------

                                                             39,240       37,944
 Less 504,477 shares held in treasury,
 at cost .............................................        6,629        6,629
                                                           --------     --------
                                                             32,611       31,315
                                                           --------     --------

                                                           $127,481     $121,500
                                                           ========     ========

(1) Derived  from the Audited  Consolidated  Financial  Statements  for the year
ended November 1, 1997.

See accompanying notes to consolidated financial statements.





                                        5

<PAGE>

FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Statements of Operations - Unaudited
(in thousands - except share data)
                                                13 Weeks Ended   

                                             August 1,    August 2,
                                               1998        1997   

Sales ..................................   $  176,172   $  161,128

Cost of merchandise sold ...............      131,538      120,224
                                           ----------   ----------

Gross profit ...........................       44,634       40,904

Operating, general and
 administrative expenses ...............       43,353       39,478
                                            ----------   ----------

Income from operations .................        1,281        1,426

Other (expense) income:
               Interest expense ........         (937)      (1,075)
               Interest income .........           41           56
                                            ----------   ----------

Income before taxes ....................          385          407

Income tax provision ...................          130          162
                                            ----------   ----------

Net income .............................   $      255   $      245
                                            ==========   ==========

Per share information:

Net income per common share, basic and
  diluted ..............................   $      .23   $      .22
                                            ==========   ==========

Weighted average number of common
  shares outstanding ...................    1,117,150    1,117,150
                                            ==========   ==========

Dividends per common share .............        -0-          -0-


See accompanying notes to consolidated financial statements.






                                        6

<PAGE>



FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Statements of Operations - Unaudited
(in thousands - except share data)
                                                          39 Weeks Ended     

                                                      August 1,       August 2,
                                                        1998            1997   
                                                     ----------       ---------

Sales ........................................     $   512,648      $   480,470

Cost of merchandise sold .....................         383,155          359,212
                                                   -----------      -----------

Gross profit .................................         129,493          121,258

Operating, general and
 administrative expenses .....................         125,002          117,332
                                                   -----------      -----------

Income from operations .......................           4,491            3,926

Other (expense) income:
         Interest expense ....................          (2,786)          (3,242)
         Interest income .....................             258              137
                                                   -----------      -----------

Income before taxes ..........................           1,963              821

Income tax provision .........................             667              328
                                                   -----------      -----------


Net income ...................................     $     1,296      $       493
                                                   ===========      ===========

Per share information:

Net income per common share, basic and
  diluted ....................................     $      1.16      $       .39
                                                   ===========      ===========

Weighted average number of common
  shares outstanding .........................       1,117,150        1,117,150
                                                   ===========      ===========

Dividends per common share ...................             -0-              -0-


See accompanying notes to consolidated financial statements.








                                        7

<PAGE>
FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows - Unaudited
(in thousands)                                    39 Weeks Ended    
                                             August 1,1998 August 2,1997
Cash flows from operating activities:
  Net income .................................   $ 1,296    $   493
  Adjustments to reconcile net income to
   net cash provided by operating activities:
   Depreciation ..............................     5,868      5,951
   Amortization, intangibles .................       403        281
   Amortization, deferred financing costs ....       478        458
   Amortization, deferred rent escalation ....       200        325
   Amortization, other assets ................      --          504

   Deferred income tax benefit ...............      (170)        --
   (Increase) decrease in
     Merchandise inventories .................    (1,968)      (455)
     Receivables and other current assets ....       768       (973)
     Prepaid income taxes ....................       140         --
     Related party receivables-Wakefern ......     1,343      2,121
     Other assets ............................       263        328
   Increase (decrease) in
     Accounts payable ........................     5,277     (1,153)
     Other liabilities .......................     1,260      1,056
                                                  -------    -------
                                                  15,158      8,936
Cash flows from investing activities:
   Cash paid for the purchase of property
    and equipment ............................    (8,474)    (1,824)
   Cash paid for construction in progress ....    (4,214)      --
   (Increase) decrease in related party
    receivables-other ........................       (24)       341
   Net proceeds from sale of property ........        --      2,282
                                                  -------    -------
                                                  (12,712)      799
                                                  -------    -------
Cash flows from financing activities:
  Principal payments under long-term debt ....     (5,615)   (7,509)
  Principal payments under capital
    lease obligations ........................       (326)       19

  Proceeds from issuance of debt .............      3,894       --
  Preferred stock dividend payments ..........         --       (57)
  Principal payments under long-term debt,
    related party ............................       (443)      (39)
  Purchase of preferred stock ................         --    (1,700)
                                                  -------    -------
                                                   (2,490)   (9,286)
                                                   -------    -------
NET (DECREASE) INCREASE IN CASH AND
 CASH EQUIVALENTS ............................        (44)      449

                                        8
                                              <PAGE>



CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     3,678      3,114
                                                 -------    -------

CASH AND CASH EQUIVALENTS, END OF PERIOD .....   $ 3,634    $ 3,563
                                                 =======    =======



See accompanying notes to consolidated financial statements.


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)


Note 1    Basis of Presentation

The unaudited  Consolidated  Financial  Statements as of or for the period ended
August 1, 1998, included herein, have been prepared in accordance with generally
accepted  accounting  principles for interim financial  information and with the
instructions to Form 10-Q and rule 10-01.  The balance sheet at November 1, 1997
has been  derived from the audited  financial  statements  at that date.  In the
opinion of the management of the Registrant, all adjustments (consisting only of
normal recurring  accruals) which the Registrant  considers necessary for a fair
presentation of the results of operations for the period have been made. Certain
financial  information and footnote  disclosures  normally included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  condensed  or omitted.  The reader is  referred  to the  consolidated
financial  statements  and notes  thereto  included in the  Registrant's  annual
report on Form 10-K for the year ended November 1, 1997.

These  results  are not  necessarily  indicative  of the  results for the entire
fiscal year.


Note 2    Adoption of Accounting Standards

Earnings per Share

Effective  December  15, 1997,  the  Registrant  adopted  Statement of Financial
Accounting  Standards  (SFAS)  No.  128,  "Earnings  per  Share"  ("EPS").  This
Statement  establishes standards for computing and presenting EPS and applies to
entities  with  publicly  held common  stock or  potential  common  stock.  This
Statement  simplifies  the standards for computing  earnings per share and makes
them comparable to international EPS standards.  It replaces the presentation of
primary EPS with a presentation of basic EPS. It also requires dual presentation
of basic and diluted EPS on the face of the income  statement  for all  entities
with complex capital  structures and requires a reconciliation  of the numerator
and denominator of the basic EPS computation to the numerator and denominator of
the diluted EPS  computation.  There was no material  impact from  adopting  the
provisions of SFAS No. 128 in the period ended August 1, 1998.


                                        9

<PAGE>



Reporting on the Cost of Start-Up Activities

On April 3, 1998,  the  Financial  Accounting  Standards  Board (FASB)  approved
Statement  of  Position  (SOP)  No.  98-5  "Reporting  on the  Cost of  Start-Up
Activities".   SOP  No.  98-5  requires  that  costs  associated  with  start-up
activities, such as opening a new facility, be expensed as incurred. This SOP is
effective for financial statements for fiscal years beginning after December 15,
1998, however, early application is encouraged.

Prior to the thirteen weeks ended May 2, 1998,  the  Registrant had  capitalized
pre-opening  costs,  including  payroll,  employee  recruitment and advertising,
incurred  in the  start-up  and  training  period  prior to the  opening of each
supermarket,  and  amortized  these  costs over  twelve  months from the date of
opening.  The Registrant  has elected early  application of SOP No. 98-5 for its
fiscal year beginning November 2, 1997. There was no material  cumulative effect
of a change in accounting  principle on net income due to the early  application
of this  SOP.  As a result  of the  early  application,  all  pre-opening  costs
incurred  for the  location in East  Windsor New Jersey  opened on February  25,
1998,  have been expensed in the quarter  ended May 2, 1998 and any  pre-opening
costs  incurred  prior to  August 2, 1998 for the  location  in Bound  Brook New
Jersey,  opened on August 26,  1998,  have been  expensed in the  quarter  ended
August 1, 1998.  As a result of this change,  net income for the 13 and 39 weeks
ended  August 1, 1998 was  reduced by $38,000 or $.03 per share and  $266,000 or
$.24 per share,  respectively.  Under the previous method, net income would have
been  reduced by $19,000 or $.02 per share for the 13 weeks ended August 1, 1998
and $95,000 or $.09 per share for the 39 weeks ended August 1, 1998.

























                                       10

<PAGE>



Part I - Item 2  Management's Discussion and Analysis of Financial
Condition and Results of Operations

Financial Condition and Liquidity

The Registrant is a party to an Amended and Restated  Revolving  Credit and Term
Loan  Agreement (the "Credit  Agreement")  with one financial  institution.  The
Credit Agreement is secured by substantially all of the Registrant's  assets and
provides for a total  commitment of  $31,700,000,  including a revolving  credit
facility of up to  $17,500,000  and term loans referred to as Term Loan C in the
amount of $11,000,000, the Stock Redemption Facility in the amount of $1,700,000
and a loan in the  amount of  $1,500,000,  made in  November  1997,  to fund the
acquisition of a building in, and  refurbishment  of, the Registrant's  prepared
food and meat processing  facility  (the"Expansion  Loan"). As of August 1, 1998
the  Registrant  owed  $6,500,000  on  Term  Loan  C,  $1,530,000  on the  Stock
Redemption  Facility and $1,400,000 on the Expansion  Loan.  Term Loan C and the
Stock  Redemption Loan are to be paid quarterly  through  December 31, 1999 with
final payments of $500,000 and $1,020,000,  respectively,  on February 15, 2000.
The revolving  credit facility also matures  February 15, 2000 and the Expansion
Loan is payable in monthly  installments over its seven year term based on a ten
year  amortization.  Interest  rates  are  fixed  on Term  Loan C and the  Stock
Redemption  Facility at 8.38% and on the Expansion  Loan at 9.18%.  The interest
rate on the revolving  credit  facility  floats at the Base Rate (defined below)
plus .25%.  The Base Rate is the rate which is the greater of (i) the bank prime
loan rate as published by the Board of Governors of the Federal  Reserve System,
or (ii) the Federal Funds rate, plus .50%. Additionally,  the Registrant has the
ability  to use the  London  Interbank  Offered  Rate  ("LIBOR")  plus  2.25% to
determine the interest rate on the revolving credit facility.

The Credit Agreement  contains certain  affirmative and negative covenants which
require,  among other matters, the maintenance of a debt service coverage ratio.
The Registrant was in compliance with such covenants through August 1, 1998. The
Registrant's  compliance  with the major  financial  covenant  under the  Credit
Agreement was as follows as of August 1, 1998.

                                     Actual
Financial                 Credit                   (As defined in the
Covenant                  Agreement                 Credit Agreement)

Debt Service Coverage
Ratio                    Not less than 1.00 to 1.00     .87 to 1.00


Although  the Debt  Service  Coverage  Ratio  (the  "Ratio")  is below the level
required  by the  Credit  Agreement,  the  Registrant  is not in default of this
covenant.  The Credit Agreement provides a second criteria,  if the Ratio is not
met,  before a default is deemed to have occurred.  Under this criteria,  at all
times when the Ratio is less than 1.00 to 1.00, the amount available and undrawn
on the revolving credit facility must equal or exceed  $2,500,000 which, in turn
will  mean  that in order to  remain  in  compliance  with  this  covenant,  the
Registrant cannot borrow the last $2,500,000 of funds available

                                       11

<PAGE>



under the revolving credit facility.  After giving effect to this restriction on
borrowing,  the Registrant had $9,713,000 of available credit at August 1, 1998,
under its revolving credit facility and believes that its capital  resources are
adequate to meet its operating  needs,  scheduled  capital  expenditures and its
debt service in fiscal 1998.


On April 2, 1998 the Registrant financed the purchase of $3,000,000 of equipment
for the new store location in East Windsor,  New Jersey. The note bears interest
at 7.44% and is payable in monthly installments over its seven year term.

No cash  dividends  have been  paid on the  Common  Stock  since  1979,  and the
Registrant has no present intentions or ability to pay any dividends in the near
future on its Common Stock.  The Credit Agreement does not permit the payment of
any cash dividends on the Registrant's Common Stock.

Working Capital

At August 1, 1998, the Registrant  had a working  capital  deficit of $4,423,000
compared to working  capital of  $3,518,000  at November 1, 1997 and $345,000 at
August 2, 1997.

The decline in working  capital from  November 1, 1997 was  primarily due to the
collection of current  related party  receivables  which were used to reduce the
Revolving  Note  which is  classified  as long  term  borrowings.  Additionally,
accounts payable increased which when paid will increase the Revolving Note. The
Registrant normally requires small amounts of working capital since inventory is
generally  sold at  approximately  the same time that  payments to Wakefern Food
Corporation  and  other  suppliers  are due and most  sales are for cash or cash
equivalents.

Working capital ratios were as follows:

August 1, 1998         .91 to 1.00
November 1, 1997      1.08 to 1.00
August 2, 1997        1.01 to 1.00


Cash flows (in millions) were as follows:

                                    39 Weeks Ended        
                           8/1/98                 8/2/97

Operating activities...    $15.2                   $ 8.9
Investing activities...    (12.7)                    0.8
Financing activities...    ( 2.5)                   (9.3)
                           ------                  ------
       Totals              $ 0.0                   $ 0.4 
                           ======                  ======


For the thirty nine weeks ended August 1, 1998 depreciation was $5,868,000 while
capital expenditures totaled $9,080,000, compared to $5,951,000 and

                                       12

<PAGE>



$1,824,000 respectively, in the prior year period.


Results of Operations  (13 weeks ended August 1, 1998 compared
                        to 13 weeks ended August 2, 1997)

Sales:

Same store sales from the nineteen stores in operation in both periods increased
4.6% in the current  year  period  versus the prior year  period.  Sales for the
current quarter totaled $176.2 million as compared to $161.1 million of sales in
the prior year period.  The Registrant  believes that the continued sales growth
in the current period resulted from increased  promotion expense in both current
and prior periods.  Sales for the current  quarter  included the operations of a
new location in East Windsor New Jersey opened  February 25, 1998 which replaced
an older, smaller location in Hightstown New Jersey.

Gross Profit:

Gross  profit on sales  decreased  slightly  to  25.34% of sales in the  current
period compared to 25.39% in the prior year period. Patronage dividends, applied
as a reduction of the cost of merchandise sold, were $1.2 million in the current
period versus $1.0 million in the prior year period.

Operating Expenses:

Operating,  general and administrative expenses as a percent of sales were 24.6%
versus  24.5% in prior year period.  The  increases  in  operating,  general and
administrative  expenses, as a percent of sales, was due to increases in certain
expense categories. As a percentage of sales, advertising expense increased .51%
due to new or increased  competition  in several of the  Registrant's  marketing
areas,  general  liability  insurance  costs  increased  .04%  and  other  store
expenses,  which  include  debit and credit card  processing  fees and  Wakefern
support  services,  increased  .05%.  These  increases were partially  offset by
decreases in labor and related fringe benefit costs of .45%,  occupancy costs of
 .05% and pre-store opening costs of .03%.

Interest Expense:

Interest expense decreased to $937,000 from $1,075,000 while interest income was
$41,000 compared to $56,000 for the prior year period.  The decrease in interest
expense  for the  current  year  period  was due to a  decrease  in the  average
outstanding  debt in the  thirteen  weeks ended  August 1, 1998  compared to the
prior year period and a decrease in the interest rate paid on this debt.

Income Taxes:

An  income  tax rate of 34% has been  used in the  current  period  based on the
expected effective tax rate for fiscal 1998, while a rate of 40% was used in the
prior year period.

                                       13

<PAGE>



Net Income:

Net income was  $255,000 in the  current  year period as compared to $245,000 in
the prior  year  period.  Earnings  before  interest,  taxes,  depreciation  and
amortization  ("EBITDA")  for the  thirteen  weeks  ended  August  1,  1998 were
$3,623,000 as compared to  $3,930,000  in the prior year period.  Net income per
common share was $.23 in the current  period  compared to $.22 in the prior year
period. Per share calculations are based on 1,117,150 shares outstanding in both
periods.

Results of Operations  (39 weeks ended August 1, 1998 compared
                        to 39 weeks ended August 2, 1997)

Sales:

Same store sales from the nineteen stores in operation in both periods increased
3.9% in the current  year  period  versus the prior year  period.  Sales for the
stores in operation for the current year thirty nine week period  totaled $512.6
million as compared to $480.5  million of sales from the stores  operated in the
prior year period.  An increase in promotional  activities in the current period
contributed  to this  increase.  Sales for the thirty nine weeks ended August 1,
1998 included the operations of a new location in East Windsor New Jersey opened
February 25, 1998 which  replaced an older,  smaller  location in Hightstown New
Jersey.

Gross profit:

Gross profit on sales  increased  slightly to 25.26% of sales compared to 25.24%
in the prior year  period.  Patronage  dividends,  applied as a reduction of the
cost of  merchandise  sold,  were $3.5  million  compared to $3.6 million in the
prior year period.

Operating Expenses:

Operating,  general and administrative expenses as a percent of sales were 24.4%
in both the current and prior year periods. Increases in operating,  general and
administrative  expenses,  as a percent of sales, in certain expense  categories
were offset by decreases in other expense categories.  As a percentage of sales,
advertising  expense  increased  .13%,  supply  costs  increased  .03%,  general
liability  insurance costs increased  .03%, and general  administrative  expense
increased  .05%.  These  increases were offset by decreases in labor and related
fringe benefit costs of .25%.

Interest Expense:

Interest  expense  decreased to $2,786,000 from $3,242,000 while interest income
was $258,000  compared to $137,000  for the prior year  period.  The decrease in
interest  expense  for the  current  year  period was due to a  decrease  in the
average  outstanding  debt since  August 2, 1997 and a decrease in the  interest
rate paid on this debt.


                                       14

<PAGE>



Income Taxes:

An  income  tax rate of 34% has been  used in the  current  period  based on the
expected effective tax rate for fiscal 1998, while a rate of 40% was used in the
prior year period.

Net Income:

Net income was $1,296,000 in the current year period.  This compares to $493,000
in the prior year period.  Earnings before  interest,  taxes,  depreciation  and
amortization  ("EBITDA") for the current period were  $11,440,000 as compared to
$11,445,000  in the prior year period.  Net income per common share was $1.16 in
the  current  period  compared  to $.39 in the  prior  year  period.  Per  share
calculations  are based on 1,117,150  shares  outstanding  in both periods and a
provision  of $56,667 for  preferred  stock  dividends in the prior year period.
There were no dividends  paid on the preferred  stock in the current year period
since the preferred stock was redeemed on March 31, 1997.



































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<PAGE>



                                 PART II


                                OTHER INFORMATION



               Item 6.  Exhibits and Reports on Form 8-K
                 (a)  Exhibits:


                         Exhibit (27) - Financial Data Schedule.


                 (b)         No  reports on Form 8-K were  required  to be filed
                             for the 13 weeks ended August 1, 1998.












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<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.


                                                   FOODARAMA SUPERMARKETS, INC.
                                                          (Registrant)


Date:   September 14, 1998                       /S/ Michael Shapiro          
                                                     (Signature)
                                                Michael Shapiro
                                                Senior Vice President
                                                Chief Financial Officer


Date:   September 14, 1998                       /S/ Joseph C. Troilo          
                                                -------------------------------
                                                     (Signature)
                                                Joseph C. Troilo
                                                Senior Vice President
                                                Principal Accounting Officer

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