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FISHER-PRICE ANNOUNCES SECOND QUARTER RESULTS

 EAST AURORA, N.Y., July 22 /PRNewswire/ -- Fisher-Price, Inc. (NYSE: FPP) announced that it had net income of $.20 per share of common stock for its second quarter, which ended July 4, 1993, compared with net income of $.27 per share for the same quarter last year. Net income for the quarter was $6.2 million, a decrease of $2.4 million from the net income for the comparable period last year.
 For the first six months of 1993, the company reported net income of $.17 per share compared with net income of $.39 per share for the same period last year. Net income for the six-month period was $5.2 million, a $6.8 million decrease from last year's net income of $12.0 million for the comparable period.
 Fisher-Price reported net revenues of $157.4 million for the second quarter, a 2.6 percent increase over net revenues of $153.4 million for the same period last year. Domestically, net revenues of $124.5 million increased 2.0 percent over the same period last year and internationally, net revenues of $32.9 million increased 4.8 percent. International net revenues increased 13.7 percent before the effect of foreign currency translation.
 Net revenues for the six-month period were $284.8 million, a 5.1 percent decrease from net revenues of $300.2 million for the same period last year. Domestically, net revenues of $224.7 million decreased 6.6 percent from the same period last year and internationally net revenues of $60.1 million increased slightly. International net revenues increased 8.0 percent before the effect of foreign currency translation.
 Ronald J. Jackson, chairman and chief executive officer of Fisher-Price, said, "Fisher-Price's performance for the six months reflects the continuing focus of toy retailers on the second half of the calendar year. U.S. retailers are controlling inventory levels as part of their increased emphasis on just-in-time inventory management.
 "We remain optimistic about the year, as retail momentum continues to be positive. Items selling well include the Dino-roarrrrrs, Activity Table, Radio Control Racer, Flip Track Rail and Road Set, Sound 'n Lights Monitor and Grow to Pro Basketball."
 Fisher-Price also announced that its board of directors has declared a regular quarterly cash dividend of $.05 per share of the company's common stock. The dividend will be payable on September 3, 1993, to stockholders of record as of the close of business on August 13, 1993.
 Fisher-Price is an international manufacturer and marketer of children's products. Fisher-Price's common stock is listed on the New York Stock Exchange and is traded under the symbol FPP.
 FISHER-PRICE, INC.
 CONSOLIDATED STATEMENTS OF INCOME
 Dollars in Millions
 (except per share amounts)
 Three Months Ended Six Months Ended
 July 4, June 28, July 4, June 28,
 1993 1992 1993 1992
 (Unaudited) (Unaudited)
 Net revenues $ 157.4 $ 153.4 $ 284.8 $ 300.2
 Cost of goods sold 88.8 83.4 160.6 167.2
 Gross profit $ 68.6 $ 70.0 $ 124.2 $ 133.0
 Advertising and
 merchandising 20.3 19.0 37.9 38.5
 Selling, general and
 administrative
 expenses 34.3 33.1 70.7 66.2
 Other expense, net 1.1 1.0 1.8 2.5
 Operating income $ 12.9 $ 16.9 $ 13.8 $ 25.8
 Interest expense, net 2.9 3.0 5.4 5.6
 Income before
 income taxes $ 10.0 $ 13.9 $ 8.4 $ 20.2
 Provision for
 income taxes 3.8 5.3 3.2 8.2
 Net income $ 6.2 $ 8.6 $ 5.2 $ 12.0
 Net income per common
 and common
 equivalent share (a) $ .20 $ .27 $ .17 $ .39
 Weighted average
 common and common
 equivalent shares
 outstanding
 (in thousands) (a) 31,377 32,420 30,775 32,395
 (a) Since fully diluted data is approximately the same as primary
 data, it is not presented.
 FISHER-PRICE, INC.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 Dollars in Millions
 July 4, June 28,
 1993 1992
 (Unaudited) (Unaudited)
 Assets
 Current Assets
 Cash and short-term investments $ 7.3 $ 8.2
 Receivables, net 181.0 177.0
 Inventories, net 92.6 76.7
 Prepaid expenses and
 other current assets 40.4 35.1
 Total Current Assets $ 321.3 $ 297.0
 Property, plant and equipment, net 101.7 102.6
 Intangible assets, net 38.2 42.1
 Other assets 15.3 13.9
 Total Assets $ 476.5 $ 455.6
 Liabilities and Stockholders' Equity
 Current Liabilities
 Notes payable to banks $ 45.7 $ 25.2
 Trade accounts payable 21.1 18.3
 Accrued liabilities 65.3 69.3
 Total Current Liabilities $ 132.1 $ 112.8
 Long-term debt 98.6 98.4
 Other liabilities 10.1 9.8
 Total Liabilities $ 240.8 $ 221.0
 Stockholders' equity 235.7 234.6
 Total Liabilities and
 Stockholders' Equity $ 476.5 $ 455.6
 -0- 7/22/93
 /CONTACT: Carol Blackley of Fisher-Price, 716-687-3423/
 (FPP)


CO: Fisher-Price ST: New York IN: HOU SU: ERN

BM -- CL006 -- 4308 07/22/93 08:20 EDT
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Date:Jul 22, 1993
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