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ROWE FURNITURE ANNOUNCES EARNINGS FORECAST FOR SECOND QUARTER 1993

 ARLINGTON, Va., May 20 /PRNewswire/ -- Gerald M. Birnbach, chairman of the board and president of Rowe Furniture Corporation (AMEX: ROW), announced today that net shipments for the second quarter ending May 30, 1993, are expected to approximate $20.5 million versus $18.0 million in the comparable 1992 period.
 Earnings per share for the second quarter of 1993 are expected to approximate $0.16 per share versus $0.02 per share in the comparable 1992 quarter. Earnings per share reflect a three-for-two stock split paid on Jan. 15, 1993.
 Net shipments for six months through May 30, 1993, are expected to approximate $41 million or 18 percent above the comparable 1992 period. Net earnings for six months are estimated at $0.36 per share versus $0.01 per share in 1992.
 -0- 5/20/93
 /CONTACT: Gerald M. Birnbach, Chairman of the Board and President, Rowe Furniture Corporation, 703-413-6050/
 (ROW)


CO: Rowe Furniture Corporation ST: Virginia IN: REA SU: ERP

CM -- CH007 -- 0857 05/20/93 14:30 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:169
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