HUFFMAN KOOS REPORTS NET SALES
HUFFMAN KOOS REPORTS NET SALES RIVER EDGE, N.J., Sept. 9 /PRNewswire/ -- Huffman Koos Inc.
(NASDAQ: HUFK), a leading furniture retailer, today reported net sales for the second quarter ended July 31, 1992, of $19,588,000 versus $19,577,000 in the second quarter of last year. The company reported a net loss of $294,000, or $.07 per share, as opposed to a net loss of $471,000, or $.12 per share, in the prior year.
For the six months ended July 31, 1992, net sales totaled $39,340,000 versus $39,238,000 last year. The company reported a net loss of $488,000, or $.12 per share, as opposed to a net loss of $405,000, or $.10 per share, in the prior year. Operating profits were effected in the current year by expenses related to the computer conversion, increased rent at its warehouse facility and costs associated with the remodeling of its East Brunswick store. Huffman Koos Inc. is a full service retailer of high quality furniture and accessories which presently operates nine stores in New Jersey, one in Rockland County, N.Y., and two in Long Island, N.Y. -0- 9/9/92 /CONTACT: Joseph Albanese, 201-343-4300, for Huffman Koos. (HUFK) CO: Huffman Koos Inc. ST: New Jersey IN: REA SU: ERN
SM -- NY041 -- 7489 09/09/92 12:06 EDT
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|Date:||Sep 9, 1992|
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