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FORSCHNER ANNOUNCES SALES AND EARNINGS FOR FOURTH QUARTER

 FORSCHNER ANNOUNCES SALES AND EARNINGS FOR FOURTH QUARTER
 SHELTON, Conn., Feb. 11 /PRNewswire/ -- The Forschner Group, Inc. (NASDAQ: FSNR) today announced sales and earnings for the fourth quarter and year ended Dec. 31. Revenues of $20.7 million in the quarter were 30 percent higher than the same period a year ago, and sales for the year as a whole were $60 million, exceeding last year's sales by 20 percent.
 Net income in the final quarter was $1.0 million versus $146,000 in the same period a year earlier. For the year as a whole, earnings were $2.0 million, compared to net income of $2.1 million in 1990. The decrease in earnings was primarily influenced by the dollar's weakness against the Swiss franc in the early part of the year and non-recurring costs associated with the fourth quarter corporate reorganization.
 Net income per share for the quarter was $.22 compared to $.03 in the fourth quarter of 1990 and $.45 for the year against $.51 for 1990.
 James W. Kennedy, president and chief executive officer, said, "Sales of the Swiss Army Brands division, led by our core product, the Swiss Army Knife, were up 47 percent for the period and 31 percent for the year. The corporate markets division, which offers Swiss Army Knives and other promotional products to the business gift market, enjoyed a 15 percent gain for the quarter and 9 percent gain for the year. The sales improvements were particularly encouraging because they reflect increased unit volume."
 Forschner is the exclusive U.S. marketer of Victorinox Original Swiss Army Knives, other high quality Swiss-made products bearing the Swiss Army Brand label, and other imported cutlery for professional and consumer use.
 THE FORSCHNER GROUP, INC., AND SUBSIDIARIES
 (000's omitted except per share amounts)
 Periods ended: Three months Twelve months
 Dec. 31: 1991 1990 1991 1990
 (Unaudited)
 Net sales $20,675 $15,896 $60,098 $50,233
 Cost of sales 13,103 10,752 38,302 30,978
 Gross profit 7,572 5,144 21,796 19,255
 SG&A expense 5,736 4,689 17,956 15,024
 Operating income 1,836 455 3,840 4,231
 Interest (expense) (122) (125) (403) (365)
 Interest income 7 8 30 31
 Other income (expense), net 6 (14) 86 15
 Total interest & other
 income (expense), net (109) (131) (287) (319)
 Income before income taxes 1,727 324 3,553 3,912
 Income tax provision 744 178 1,592 1,818
 Net income 983 146 1,961 2,094
 Net income per share $0.22 $0.03 $0.45 $0.51
 Wtd. avg. no. of shares
 outstanding 4,476 4,124 4,359 4,074
 -0- 2/11/92
 /CONTACT: James W. Kennedy of Forschner, 203-929-6391/
 (FSNR) CO: The Forschner Group, Inc. ST: Connecticut IN: HOU SU: ERN


JT-TK -- NY037 -- 8778 02/11/92 11:47 EST
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Date:Feb 11, 1992
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