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BABBAGE'S ANNOUNCES FINANCIAL RESULTS

 BABBAGE'S ANNOUNCES FINANCIAL RESULTS
 DALLAS, Aug. 13, 1992 /PRNewswire/ -- Babbage's, Inc.


(NASDAQ: BBGS), the nation's leading chain of consumer software specialty stores, today reported a 19 percent increase in sales to $35,028,000 for the second quarter ended Aug. 1, 1992, compared with $29,418,000 for the same quarter last year. Net loss for the quarter was $325,000, or $.06 per share, compared to a net loss of $326,000, or $.06 per share, for the same period last year. The company opened 12 stores during the quarter, bringing total stores in operation at quarter-end to 224, up from 185 stores at the same time last year.
 For the six months ended Aug. 1, 1992, sales increased 23 percent to $72,238,000 from $58,799,000 for the first half of last year. The company reported a net loss of $66,000, or $.01 per share, compared to a net loss of $233,000, or $.04 per share, for the same period last year.
 Comparable store sales for the second quarter increased 3 percent. "Although same store sales of software for IBM-compatible computers were up 10 percent, sales of video game systems and software combined registered only a slight increase," said James B. McCurry, chairman of the board.
 As of Aug. 13, 1992, Babbage's, Inc. operated 225 company-owned stores in 36 states. Virtually all of the company's stores are located in major regional shopping malls.
 BABBAGE'S, INC.
 Statements of Operations
 (unaudited)
 (in thousands, except per share data)
 Three months ended Six months ended
 Aug. 1, Aug. 3, Aug. 1, Aug. 3,
 1992 1991 1992 1991
 Net sales $ 35,028 $ 29,418 $ 72,238 $ 58,799
 Cost of sales 24,730 21,002 51,051 41,605
 Gross profit 10,298 8,416 21,187 17,194
 Store operating
 expenses 8,919 7,309 17,469 14,471
 General & administrative
 expenses 1,877 1,676 3,832 3,224
 Operating loss (498) (569) (114) (501)
 Net interest income
 (expense) (28) 45 8 127
 Loss before provision
 for income taxes (526) (524) (106) (374)
 Income tax benefit (201) (198) (40) (141)
 Net loss (325) (326) (66) (233)
 Net loss per common
 share $ (.06) $ (.06) $ (.01) $ (.04)
 Weighted average shares
 used in per share
 computations 5,275 5,257 5,274 5,257
 BABBAGE'S, INC.
 Condensed Balance Sheets
 (unaudited)
 (in thousands)
 Aug. 1, Aug. 3,
 1992 1991
 Cash & cash equivalents $ 1,224 $ 6,047
 Merchandise inventory 27,630 21,978
 Property & equipment, net 20,967 18,296
 All other assets 3,566 3,188
 Total $ 53,387 $ 49,509
 Current liabilities $ 9,414 $ 11,671
 Deferred rent 1,016 830
 Shareholders' equity 42,957 37,008
 Total $ 53,387 $ 49,509
 -0- 8/13/92
 /CONTACT: Opal P. Ferraro of Babbage's, Inc, 214-401-9000/
 (BBGS) CO: Babbage's, Inc. ST: Texas IN: REA SU: ERN


DC -- NY020 -- 9571 08/13/92 11:15 EDT
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Date:Aug 13, 1992
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