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AMBER'S STORES REPORTS THIRD QUARTERAND FIRST NINE MONTHS FINANCIAL RESULTS

 DALLAS, Nov. 18 ~PRNewswire~ -- Amber's Stores, Inc. (NASDAQ-NMS: ABRS) today reported net sales and earnings for its third quarter ended Oct. 31, 1992.
 Net sales for the third quarter of fiscal 1993 were $10,024,000, an increase of 48 percent compared to sales in the same period last year of $6,752,000. Net income was $630,000, up 44 percent from $436,000 in the third quarter of fiscal 1992. Earnings per share for the third quarter was $0.14 compared to $0.12 for the third quarter of fiscal 1992.
 For the nine months ended October 31, 1992, Amber's has generated sales of $24,068,000, an increase of 43 percent compared to sales in the same period last year of $16,780,000. Net income for the first nine months of fiscal 1993 was $1,286,000, an increase of 68 percent, over $765,000 for the same period in fiscal 1992. Earnings per share for the first nine months of fiscal 1993 was $0.34 compared to $0.22 for the first nine months of fiscal 1992.
 Amber's reported that its net sales, on a comparable store basis, increased 7.0 percent in the first nine months of fiscal 1993, and 6.3 percent for the third quarter of fiscal 1993, compared to the same periods in fiscal 1992.
 Amber's is a specialty retailer of arts and crafts products and related merchandise used chiefly for craft and hobby projects, home decorating and personalized gifts. The company currently operates 24 stores in four states: Texas, Louisiana, Missouri and New Mexico.
 AMBER'S STORES, INC.
 Statements of Income
 (In thousands, except per share data)
 Third quarter Nine months
 1993 1992 1993 1992
 Net sales $10,024 $6,752 $24,068 $16,780
 Cost of sales and
 occupancy expense 6,310 4,220 15,388 10,780
 Gross profit 3,714 2,532 8,680 6,000
 SG&A expense 2,722 1,828 6,585 4,693
 Operating income 992 704 2,095 1,307
 Interest expense, net 10 58 118 190
 Other income (28) (34) (87) (75)
 Income before income
 taxes 1,010 680 2,064 1,192
 Provision for income
 taxes 380 244 778 427
 Net income $ 630 $ 436 $1,286 $ 765
 Earnings per share $ 0.14 $ 0.12 $ 0.34 $ 0.22
 Weighted average common
 and common equivalent
 shares outstanding 4,494 3,500 3,834 3,500
 Balance Sheets
 (In thousands)
 Oct. 31 1992 1991
 Assets:
 Cash $ 1,241 $ 69
 Merchandise inventories 15,511 7,025
 Other current assets 520 355
 Property and equipment, net 2,219 838
 Deposits and other assets 308 160
 Total $19,799 $8,447
 Debt and Equity:
 Current liabilities $ 8,469 $4,831
 Deferred rent 433 342
 Long-term debt -- 1,690
 Shareholder's equity 10,897 1,584
 Total $19,799 $8,447
 -0- 11~18~92
 ~CONTACT: Lamar Roberts, CFO of Amber's Stores, Inc., 214-349-5300~
 (ABRS)


CO: Amber's Stores, Inc. ST: Texas IN: REA SU: ERN

TS -- NY039 -- 2305 11~18~92 11:26 EST
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Date:Nov 18, 1992
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