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ROWE REPORTS IMPROVED SHIPMENTS AND EARNINGS IN THIRD QUARTER

 ROWE REPORTS IMPROVED SHIPMENTS AND EARNINGS IN THIRD QUARTER
 ARLINGTON, Va., Sept. 15 /PRNewswire/ -- Gerald M. Birnbach, Chairman of the Board and President of Rowe Furniture Corporation (AMEX: ROW) announced today that shipments and earnings expanded in the 1992 third quarter versus the comparable prior year period.
 Third quarter shipments of $18.1 million were up 14 percent from the prior year quarter. Net income of $246,000 or $0.10 per share compared favorably with a loss of ($247,000) or ($0.10) per share reported in the 1991 period.
 For nine months of 1992, shipments and net income totaled $52.8 million and $274,000 or $0.11 per share respectively. Comparable results for 1991 were shipments of $46.6 million and a loss of ($866,000) or ($0.34) per share.
 Commenting on the financial results, Birnbach noted that the positive year-to-year comparisons previously reported for the first and second quarters continued in the third quarter. This positive trend "is being realized in a difficult economic environment for our industry."
 ROWE FURNITURE CORPORATION
 Third Quarter August 30, 1992 September 1, 1991
 Net Shipments $18,138,000 $15,920,000
 Net Income (Loss) 246,000 (247,000)
 Average Shares 2,564,036 2,566,054
 Share Earnings:
 Net Income $0.10 ($0.10)
 Nine Months
 Net Shipments $52,832,000 $46,578,000
 Net Income (Loss) 274,000 (866,000)
 Average Shares 2,563,909 2,566,736
 Share Earnings:
 Net Income $0.11 ($0.34)
 -0- 9/15/92
 /CONTACT: G.M. Birnbach, Chairman of the Board and President, Rowe Furniture Corporation, 703-979-6050/
 (ROW) CO: Rowe Furniture Corporation ST: Virginia IN: REA SU: ERN


JZ -- CH008 -- 9667 09/15/92 13:27 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
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