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BABBAGE'S ANNOUNCES FIRST QUARTER RESULTS

 BABBAGE'S ANNOUNCES FIRST QUARTER RESULTS
 DALLAS, May 14 /PRNewswire/ -- Babbage's, Inc. (NASDAQ: BBGS), the


leading nationwide chain of consumer software specialty stores, today reported a 27 percent increase in sales to $37,210,000 for the first quarter of fiscal 1993 ended May 2, 1992, compared with $29,381,000 for the prior year's first quarter.
 Net income for the quarter was $259,000, or $.05 per share, compared with $93,000, or $.02 per share, for the same quarter last year. The company opened eight stores during the quarter, bringing total stores in operation at quarter-end to 212, up from 179 stores at the same time last year.
 Comparable store sales for the first quarter increased 11 percent. "The double-digit increase in comparable store sales was driven by continued strong growth in our sales of software for IBM-compatible computers," said James B. McCurry, chairman of the board.
 As of May 14, 1992, Babbage's, Inc., operated 214 company-owned stores in 34 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 5/2/92 5/4/91
 Net sales $ 37,210 $ 29,381
 Cost of sales 26,321 20,630
 Gross profit 10,889 8,751
 Store operating expenses 8,550 7,135
 General and admin. expenses 1,955 1,548
 Operating income 384 68
 Net interest income 36 82
 Income before provision for
 income taxes 420 150
 Provision for income taxes 161 57
 Net income $ 259 $ 93
 Net income per share $ .05 $ .02
 Weighted average shares used in
 per share computations 5,273 5,257
 BABBAGE'S, INC.
 Condensed Balance Sheets
 (Unaudited)
 (In thousands)
 5/2/92 5/4/91
 Cash and cash equivalents $ 982 $ 1,618
 Merchandise inventory 31,202 19,058
 Property and equipment, net 19,961 17,801
 All other assets 4,463 3,464
 Total $ 56,608 $ 41,941
 Current liabilities $ 12,385 $ 3,857
 Deferred rent 949 750
 Shareholders' equity 43,274 37,334
 Total $ 56,608 $ 41,941
 -0- 5/14/92
 /CONTACT: Opal P. Ferraro of Babbage's, 214-401-9000/
 (BBGS) CO: Babbage's, Inc. ST: Texas IN: REA SU: ERN


GK -- NY045 -- 0166 05/14/92 11:16 EDT
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Date:May 14, 1992
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