HAMPTON INDUSTRIES, INC. REPORTS EARNINGS
HAMPTON INDUSTRIES, INC. REPORTS EARNINGS KINSTON, N.C., March 6 /PRNewswire/ -- Hampton Industries, Inc.
(AMEX: HAI) reported that earnings for the quarter ended Dec. 28, 1991 increased by 164 percent. The Company earned $357,000, or $.09 per share on sales of $50,070,000 as compared to earnings of $135,000, or $.04 per share on sales of $49,523,000 in 1990.
For the year ended Dec. 28, 1991, Hampton reported sales of $162,160,000, as compared to $166,884,000 in the prior year. The net loss for the current year totaled $602,000, or $.16 per share, as compared to a net loss of $497,000, or $.13 per share, in 1990. David Fuchs, Chairman and Chief Executive Officer of Hampton, stated that the Company's increased profitability in the 4th quarter is reflective of the improvements in the economic condition of the segments of the apparel industry that Hampton services. Further improvements are expected throughout 1992 as a result of the record level of advance bookings of orders. As of the end of February 1992, advance bookings of orders totaled $120,413,000 as compared to $73,898,000 at this time last year, an increase of 63 percent. The increase in volume will enable the Company to better utilize its manufacturing facilities. Volume in excess of the Company's capacity will be sourced in the Far East and the Caribbean Basin. Thirteen Weeks Ended December 28, 1991 December 29, 1990 Net sales $ 50,070,000 $49,523,000 Net earnings $ 357,000 $ 135,000 Earnings per share $ .09 $ .04 Year Ended December 28,1991 December 29, 1990 Net sales $ 162,160,000 $166,884,000 Net loss $ (602,000) $ (497,000) Loss per share $ (.16) $ (.13) -0- 2/6/92 /CONTACT: David Fuchs, Chairman and Chief Executive Officer, Hampton Industries, Inc., 212-563-1010/ (HAI) CO: Hampton Industries, Inc. ST: North Carolina IN: TEX SU: ERN
JZ -- CH002 -- 5814 03/06/92 10:58 EST
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|Date:||Mar 6, 1992|
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