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TOMMY HILFIGER REPORTS FOURTH QUARTER AND FISCAL 1993 YEAR-END RESULTS

 HONG KONG, June 1 /PRNewswire/ -- Tommy Hilfiger Corporation (NYSE: TOM) today reported its fourth quarter and fiscal 1993 year-end results for the period ending March 31, 1993.
 For the fourth quarter, net revenues increased 15 percent to $40.7 million, compared to $35.4 million for the same quarter last year. Net income increased 38.2 percent to $4.7 million, compared to $3.4 million in the same period last year. Earnings per share increased 6.7 percent to $0.32, from $0.30 in the comparable period last year.
 Joel J. Horowitz, president of Tommy Hilfiger Corporation, said, "We are pleased with our fourth quarter results, which are right in line with our expectations."
 For the year ended March 31, 1993, net revenues increased 29.4 percent to $138.6 million, from $107.1 million for the same period last year. Net income increased 60.4 percent to $14.6 million, compared to $9.1 million recorded last year. Earnings per share increased 38.8 percent to $1.11, from $0.80 in the comparable period last year.
 "1993 was a very good year for Tommy Hilfiger," Mr.Horowitz said. "Our strong year-end results reflect the success of our strategy to supply high-quality, value-oriented menswear to the marketplace. We believe this strategy will continue to be very effective given the current retailing environment and the consumer's focus on value."
 Mr. Horowitz added, "We are also aggressively expanding our in-store shop program. As of March 31, 1993, we had 218 Tommy Hilfiger in-store shops in place, compared to 63 in-store shops at the same time last year. These shops had strong sales, reflecting a healthy and growing demand for Tommy Hilfiger products. We currently have in excess of 50 in-store shops under construction and/or scheduled to be completed between April 1 and Father's Day 1993.
 "We have completed selling the second season of our boyswear, and the response continues to be very positive," said Mr. Horowitz. "The Tommy Hilfiger neckwear collection, which is licensed, also reported excellent results both at wholesale and at retail. Orders received to date for belts, another licensed product which was launched this summer to retailers, are in line with the sales projections. The earlier successful launches of the hosiery line, which is licensed, and the swimwear collection, which is developed in-house, have continued to outperform our expectations."
 Tommy Hilfiger Corporation, through its subsidiaries, sources and markets men's sportswear and boyswear under the Tommy Hilfiger trademark. The company's products are sold in the United States, Canada, Japan, and South America.
 TOMMY HILFIGER CORPORATION
 Selected Financial Information
 (In millions, except per share amounts)
 Periods ended March 31 Three Months Twelve Months
 1993 1992 1993 1992
 Net revenues $40.7 $35.4 $138.6 $107.1
 Income before income
 taxes 7.1 5.5 22.9 15.2
 Provision for income
 taxes 2.4 2.1 8.3 6.1
 Net income $4.7 $3.4 $14.6 $9.1
 Earnings per share $0.32 $0.30 $1.11 $0.80
 Average number of shares 15.0 11.4 13.2 11.4
 outstanding
 BALANCE SHEET DATA
 (in millions)
 March 31, 1993 March 31, 1992
 Cash and Cash Equivalents $18.7 $2.4
 Working Capital 53.7 6.5
 Total Assets 84.7 46.9
 Short-term Debt 8.1 23.8
 Long-term Debt -- 3.5
 Shareholders' Equity 68.7 6.8
 Notes: On Sept. 29, 1992, the company issued 3,565,000 ordinary shares in an initial public offering. The net proceeds from the offering were approximately $46,910,000, a portion of which was used for the retirement of debt, the repurchase of preferred stock and capital expenditures. The remaining proceeds will be used to expand the company's in-store shop program and fund the working capital requirements necessary to support the continued growth of the company.
 Earnings per share for the periods ended March 31, 1993 is based on the weighted average number of ordinary shares outstanding, including the 3,565,000 ordinary shares issued in the initial public offering for the period subsequent to Sept. 29, 1992.
 -0- 6/1/93
 /CONTACT: Joel Horowitz of Tommy Hilfiger U.S.A., Inc., 212-840-8888/
 (TOM)


CO: Tommy Hilfiger Corporation ST: IN: TEX SU: ERN

TM -- NY100 -- 4169 06/01/93 17:49 EDT
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Date:Jun 1, 1993
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