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EDISON BROTHERS REPORTS EARNINGS GROWTH FOR 1991

 EDISON BROTHERS REPORTS EARNINGS GROWTH FOR 1991
 ST. LOUIS, March 12 /PRNewswire/ -- Edison Brothers Stores, Inc.


(NYSE: EDS), net income rose in 1991, it was reported today by Andrew E. Newman, chairman, and Martin Sneider, president.
 Net income for the 52 weeks ended Feb. 1, 1992, was $60.8 million, an increase of 3.1 percent over the $59.0 million of net income for the 52 weeks ended Feb. 2, 1991. Per-share earnings were $2.83 in 1991 and $2.78 in 1990.
 Net income for the fourth quarter of 1991 was $28.9 million, a decrease of 1.7 percent compared with $29.4 million of net income for the fourth quarter of 1990. Fourth-quarter per-share earnings were $1.34 in 1991 and $1.38 in 1990.
 As previously reported, sales for 1991 were a record $1.39 billion, an increase of 10.5 percent over sales of $1.25 billion in 1990. Fourth-quarter sales were $440.7 million in 1991, a gain of 4.4 percent over sales of $422.0 million in the fourth quarter of 1990.
 The company reported that same-store sales in 1991 were slightly ahead of those in 1990. The J. Riggings menswear chain and Bakers/Leeds women's footwear chain continued to lead the company in sales and profit growth. Sales in The Wild Pair footwear chain improved modestly. Profits of the JW menswear chain rebounded from a weak 1990, with strong sales of well-priced casual clothes.
 During 1991 Edison Brothers added 195 stores, including 21 Cabaret accessories stores acquired in April. The company closed 147 stores, ending the year with 2,781 units in operation.
 Edison Brothers Stores, Inc., operates JW/Jeans West, Oaktree, J. Riggings, Coda, Webster/Zeidler & Zeidler, and Repp Ltd./Harry's men's apparel stores; 5-7-9 Shops junior apparel stores and Spirale girls' apparel stores; Joan Bari/Cabaret accessories boutiques; Bakers, Leeds, Precis, Chandlers, Wild Pair, Velocity, and Sacha London footwear stores; Fashion Shoe departments in certain department stores; Dave & Buster's restaurant/entertainment complexes; and Time-Out and Space Port family entertainment centers.
 EDISON BROTHERS STORES, INC. AND SUBSIDIARIES
 Condensed Consolidated Statements Of Income
 (In millions, except per share data)
 Periods ended 13 weeks 52 weeks
 2/1/92 2/2/91 2/1/92 2/2/91
 Net Sales $440.7 $422.0 $1,385.3 $1,253.6
 Cost of goods sold,
 occupancy and
 buying expenses 287.5 275.1 894.3 810.0
 Store operating and
 administrative
 expenses 88.6 83.7 316.2 288.2
 Depreciation and
 amortization 14.7 12.1 59.5 47.8
 Interest expense, net 4.5 4.4 18.8 13.9
 395.3 375.3 1,288.8 1,159.9
 Income before income
 taxes 45.4 46.7 96.5 93.7
 Provision for income
 taxes 16.5 17.3 35.7 34.7
 Net Income $28.9 $29.4 $60.8 $59.0
 Per Common Share:
 Net Income $1.34 $1.38 $2.83 $2.78
 Cash dividends paid $.28 $.26 $1.06 $1.04
 Weighted average common
 shares outstanding
 (in thousands) 21,561 21,363 21,489 21,210
 -0- 3/11/92
 /CONTACT: Lee G. Weeks of Edison Brothers Stores, 314-331-6531/
 (EBS) CO: Edison Brothers Stores Inc. ST: Missouri IN: REA SU: ERN SM -- NY012 -- 7664 03/12/92 09:32 EST
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Date:Mar 12, 1992
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