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ARDEN INTERNATIONAL KITCHENS REPORTS ANNUAL RESULTS

 LAKEVILLE, Minn., Feb. 23 /PRNewswire/ -- Arden International Kitchens, Inc. (NASDAQ: AIKI), today announced annual results for the fiscal year ended 1992. The company reported net sales of $17,823,641, net income before tax of $413,096 and net income of $295,096, or 10 cents per share, for the year ended Dec. 26, 1992. This compares with the sales of $19,074,289, net income before tax of $758,779 and net income of $557,779, or 18 cents per share, a year ago.
 R. Stephen Tanner, president and chief executive officer said the year was "especially difficult in light of the tough economic times experienced by many of our customers and competitors in the foodservice industry. In a climate of declining sales, we turned our attention to internal cost controls in an attempt to maintain margins. During the second half of the year, we reorganized our administrative and sales staff, implemented measures to contain selling related expenses and restructured our product line. We expect these actions will result in lower operating costs in the future.
 "During 1992, we completed the installation of our new information management system. This system will enable us to dramatically improve our ability to analyze and control the various aspects of our business.
 "We are cautiously optimistic in predicting 1993 sales and profitability levels for our company," Tanner said. "At the present time, we foresee sales increases in the 8-10 percent range and are confident that operating margins will improve in the coming year."
 Arden International Kitchens, Inc., headquartered in Lakeville, produces and markets frozen prepared food entrees for the foodservice industry nationally. The company's stock is traded on the NASDAQ system under the symbol AIKI.
 ARDEN INTERNATIONAL KITCHENS, INC.
 FINANCIAL INFORMATION
 (000s omitted except per-share amounts)
 Three Months Ended 12 Months Ended
 12/26/92 12/28/91 12/26/92 12/28/91
 Net sales $4,405 $5,143 $17,824 $19,074
 Net income before tax 111 174 413 759
 Net income after tax $104 $143 $295 $558
 Earnings per share $.03 $.05 $.10 $.18
 Weighted average common
 shares outstanding 3,100 3,105 3,100 3,105
 -0- 2/23/93
 /CONTACT: Brian E. MacKenzie of Arden International Kitchens, 612-469-2000/
 (AIKI)


CO: Arden International Kitchens, Inc. ST: Minnesota IN: SU: ERN

AL -- MN003 -- 9227 02/23/93 08:05 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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