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AILEEN, INC. REPORTS THIRD QUARTER RESULTS

 AILEEN, INC. REPORTS THIRD QUARTER RESULTS
 NEW YORK, N.Y., Aug. 25 /PRNewswire/ -- Aileen, Inc. (NYSE: AEE), a


manufacturer and retailer of women's apparel, today announced its results of operations for the fiscal quarter ended Aug. 1, 1992. Such results, on a comparative basis with the prior year's results, are as follows:
 STATEMENT OF INCOME
 (Unaudited)
 13 Weeks Ended 13 Weeks Ended
 Aug. 1, 1992 Aug. 3, 1991
 Net Retail Sales $ 19,129,000 $ 18,517,000
 Net Other Sales $ 215,000 $ 963,000
 Total Net Sales $ 19,344,000 $ 19,480,000
 Net Earnings $ 1,111,000 $ 3,485,000
 Earnings per Share $ .21 $ .66
 39 Weeks Ended 39 Weeks Ended
 Aug. 1, 1992 Aug. 3, 1991
 Net Retail Sales $ 45,627,000 $ 41,846,000
 Net Other Sales $ 2,238,000 $ 5,877,000
 Total Net Sales $ 47,865,000 $ 47,723,000
 Net Earnings $ 1,378,000 $ 4,303,000
 Earnings per Share $ .26 $ .83
 Comparable store sales statistics, reflecting the sales of the 100 stores open throughout the third fiscal quarters of both 1991 and 1992, declined by 4.6 percent from 1991 to 1992. The Company had 127 retail stores open at the end of 1992's third quarter, compared to 115 stores at the end of the same period in 1991.
 In reporting the results for the third quarter of fiscal 1992, the Company attributed the 68 percent decline in net earnings primarily to the substantial markdowns necessary to meet aggressive price competition from other retailers and bring inventories down to current selling levels, as well as the increased manufacturing variances resulting from curtailed production schedules aimed at reducing such inventory levels. Inventories at the end of the third quarter of fiscal 1992 were 11 percent lower than at the end of the second quarter of fiscal 1992.
 -0- 8/25/92
 /CONTACT: Steve Delman, 212-398-9770, or David Poisson, 703-984- 4181, both of Aileen, Inc.
 (AEE) CO: Aileen, Inc. ST: New York IN: SU:


SB -- CH001 -- 2866 08/25/92 08:02 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
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