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CHARMING SHOPPES REPORTS THIRD QUARTER RESULTS

 CHARMING SHOPPES REPORTS THIRD QUARTER RESULTS
 BENSALEM, Pa., Nov. 25 /PRNewswire/ -- David Wachs, chairman and


chief executive officer of Charming Shoppes, Inc. (NASDAQ: CHRS), the retail women's apparel chain, today reported earnings and sales for the third quarter and for the nine months ended Nov. 2, 1991.
 For the three months ended Nov. 2, 1991, earnings increased 38 percent to $11,843,000 or $.22 per share, vs. earnings of $8,584,000 or $.17 per share for the corresponding period in 1990. Third quarter sales were $247,008,000 in 1991 as against sales of $218,396,000 in 1990, a 13 percent increase.
 For the nine months ended Nov. 2, 1991, earnings increased 50 percent to $38,607,000 or $.73 per share, vs. earnings of $25,812,000 or $.51 per share for the corresponding nine months of 1990. Sales for the nine-month period increased to $725,050,000 in 1991 from $629,127,000 in 1990, a 15 percent increase.
 During the period February through October, the company opened 78 new stores, bringing the total number of operating stores to 1,108 at the end of the third quarter. Last week the company completed its expansion program for the year, opening 27 stores during the week including its 1,000th store operating under the Fashion Bug name. In total, the company has opened 111 stores this year, bringing the projected number of units operating at year end to 1,137 (1,011 Fashion Bug and 126 Fashion Bug Plus). During 1992 the company said it expects to open approximately 130 stores.
 CHARMING SHOPPES, INC.
 (In thousands, except shares and per-share amounts)
 Third quarter 13 weeks 13 weeks
 Fiscal 1992 Fiscal 1991
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.22 -- $.17 --
 Sales 13.1 $247,008 100.0 $218,396 100.0
 Other income (8.3) 1,552 0.6 1,693 0.8
 Total 12.9 248,560 100.6 220,089 100.8
 C/G/S, buying &
 occupancy 11.6 172,345 69.7 154,458 70.8
 Selling &
 administrative 11.4 58,112 23.5 52,168 23.9
 Interest expense 44.2 939 0.4 651 0.3
 Expenses 11.6 231,396 93.6 207,277 95.0
 Pretax profit 34.0 17,164 7.0 12,812 5.8
 Less income taxes 25.9 5,321 2.2 4,228 1.9
 Net income 38.0 11,843 4.8 8,584 3.9
 Average shares -- 53,293,401 -- 50,840,484 --
 Nine months Fiscal 1992 Fiscal 1991
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.73 -- $.51 --
 Sales 15.2 $725,050 100.0 $629,127 100.0
 Other income (1.9) 4,655 0.6 4,745 0.8
 Total 15.1 729,705 100.6 633,872 100.8
 C/G/S, buying &
 occupancy 13.3 504,597 69.5 445,454 70.8
 Selling &
 administrative 12.8 166,582 23.0 147,624 23.5
 Interest expense 13.5 2,574 0.4 2,268 0.4
 Expenses 13.2 673,753 92.9 595,346 94.7
 Pretax profit 45.2 55,952 7.7 38,526 6.1
 Less income taxes 36.4 17,345 2.4 12,714 2.0
 Net income 49.6 38,607 5.3 25,812 4.1
 Average shares -- 52,979,635 -- 50,964,302 --
 /delval/
 -0- 11/25/91
 /CONTACT: Bernard Brodsky, vp and treasurer of Charming Shoppes, 215-638-6719/
 (CHRS) CO: Charming Shoppes, Inc. ST: Pennsylvania IN: REA SU: ERN


MP-KA -- PH001 -- 6673 11/25/91 08:29 EST
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Date:Nov 25, 1991
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