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ESKIMO PIE CORPORATION ANNOUNCES EARNINGS

 ESKIMO PIE CORPORATION ANNOUNCES EARNINGS
 RICHMOND, Va., July 30 /PRNewswire/ -- Eskimo Pie Corporation


(NASDAQ-NMS: EPIE) today released the following income statement and balance sheet for the quarter and six months ending June 30, 1992, supplementing its second quarter earnings release made on July 23, 1992.
 Headquartered in Richmond, the Company markets branded frozen novelties, including its Eskimo Pie line of products, through a national network of licensed manufacturers.
 ESKIMO PIE CORPORATION
 CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED)
 (In thousands except per share data)
 Three months ended Six months ended
 June 30 June 30
 1992 1991 1992 1991
 Net sales $22,340 $21,024 $37,445 $34,852
 Cost of sales 12,455 12,156 20,958 20,429
 Gross profit 9,885 8,868 16,487 14,423
 Advertising and
 sales promotion 4,619 4,181 7,649 6,850
 General and
 administrative 2,191 2,199 4,309 4,138
 Operating income 3,075 2,488 4,529 3,435
 Interest income 57 234 214 443
 Interest expense (15) (13) (48) (22)
 Other - net (12) (29) (41) (29)
 Income before
 income taxes 3,105 2,680 4,654 3,827
 Income taxes 1,173 1,045 1,811 1,490
 Net income $1,932 $1,635 $2,843 $2,337
 Weighted average
 number of common
 shares outstanding 3,609,087 3,316,478 3,465,998 3,316,478
 Net income per share $0.54 $0.49 $0.82 $0.70
 Cash dividends per
 common share (A) -- -- $4.52 --
 (A) On March 17, 1992, the Company paid a special cash dividend of
 $4.52 per share to stockholders of record on Feb. 28, 1992.
 ESKIMO PIE CORPORATION
 CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)
 (In thousands)
 June 30, December 31,
 1992 1991
 ASSETS
 Current Assets:
 Cash and cash equivalents $6,271 $12,990
 Receivables 7,033 2,492
 Inventories 3,432 2,713
 Prepaid expenses 499 340
 Total current assets 17,235 18,535
 Property, plant and equipment 7,800 7,974
 Other assets 2,205 2,282
 $27,240 $28,791
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities:
 Accounts payable $2,598 $1,442
 Accrued advertising and
 promotion 4,513 1,395
 Accrued compensation and other 1,975 1,903
 Income taxes 2,052 298
 Long-term debt maturing
 within one year 175 175
 Total current liabilities 11,313 5,213
 Long-term debt 306 394
 Deferred income taxes 608 619
 Stockholders' equity:
 Common stock 3,609 3,316
 Additional capital 6,727 2,434
 Retained earnings 4,603 16,751
 Foreign currency translation 74 64
 15,013 22,565
 $27,240 $28,791
 -0- 7/30/92
 /CONTACT: J.L. Cheatham, Eskimo Pie Corporation, 804-287-5359/
 (EPIE) CO: Eskimo Pie Corporation ST: Virginia IN: FOD SU: ERN


CM-DF -- CH006 -- 5201 07/30/92 15:02 EDT
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Date:Jul 30, 1992
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