GROSSMAN'S INC <GROS> 4TH QTR LOSS Oper shr loss nine cts vs profit 12 cts Oper net loss 1,791,000 vs profit 2,336,000 Sales 242.9 mln vs 225.8 mln Year Oper shr profit 15 cts vs loss 17 cts Oper net profit 2,925,000 vs loss 3,324,000 Sales 1.01 billion vs 875.6 mln NOTE: Net includes discontinued operations gain 2,437,000 dlrs vs loss 190.0 mln dlrs in quarter and losses 75.6 mln dlrs vs 227.7 mln dlrs in year. Net includes loss 294,000 dlrs vs nil in quarter and gain 224.8 mln dlrs vs loss 1,750,000 dlrs in year from settlement of liabilities under plan of reorganization from Chapter 11 bankruptcy. 1986 quarter net includes 2,300,000 dlr provision for loss on future store closings offset by reduction in pension liabilities.