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AILEEN, INC. REPORTS FISCAL 1991 RESULTS PROFIT IMPROVEMENTS OF 148 PERCENT ON A SALES GAIN OF 8.9 PERCENT

 AILEEN, INC. REPORTS FISCAL 1991 RESULTS
 PROFIT IMPROVEMENTS OF 148 PERCENT ON A SALES GAIN OF 8.9 PERCENT
 NEW YORK, Dec. 20 /PRNewswire/ -- Aileen, Inc. (NYSE: AEE), a manufacturer and retailer of women's apparel, today announced its results of operations for the fiscal year and quarter ended Nov. 2, 1991. Such results, on a comparative basis with the prior year's results, are as follows:
 STATEMENT OF INCOME
 (Audited) (Audited)
 52 Weeks Ended 53 Weeks Ended
 Nov. 2, 1991 Nov. 3, 1990
 Net Sales $ 64,913,000 $ 59,584,000
 Net Earnings (A) $ 6,019,000 $ 2,432,000
 Earnings Per Share $ 1.15 $ .47
 (A) Includes gain on
 sale of property,
 plant and equipment $ 113,000 $ 1,417,000
 (Unaudited) (Unaudited)
 13 Weeks Ended 14 Weeks Ended
 Nov. 2, 1991 Nov. 3, 1990
 Net Sales $ 17,190,000 $ 16,024,000
 Net Earnings $ 1,716,000 $ 855,000
 Earnings Per Share $ .32 $ .17
 The dramatic improvement in operating results reflects improved profit margins in our retail stores and efficiency gains in the manufacturing plants. The strength of our product lines and the quick response program which identifies fashion trends in a selected number of stores prior to committing orders to production are responsible for the improved profit margin in the retail stores.
 The Company had 117 stores open at year-end versus 110 last year. Same store sales were 7 percent ahead of last year and the average sales per store improved by 10.2 percent. Same store sales have continued ahead of last year during November and December.
 "We will continue our efforts to refine operational improvements implemented earlier, further enhance our quality control systems and heighten the level of customer satisfaction," according to Abe Oberlin, Chairman of the Board and President. "During fiscal 1992, we will increase the number of stores in operation as we open new units in manufacturing outlet centers and close a lesser number of stores not meeting volume and profit targets."
 -0- 12/20/91
 /CONTACT: Robert W. Tarpley, Aileen, Inc., 703-984-4181/
 (AEE) CO: Aileen, Inc. ST: Virginia IN: REA SU: ERN


CM -- CH003 -- 4224 12/20/91 08:54 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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