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BABBAGE'S ANNOUNCES FOURTH QUARTER RESULTS

 BABBAGE'S ANNOUNCES FOURTH QUARTER RESULTS
 DALLAS, March 17 /PRNewswire/ -- Babbage's, Inc. (NASDAQ: BBGS), the


nation's leading chain of consumer software specialty stores, today announced that net income for its fourth quarter ended Feb. 1, 1992 was $6,092,000, or $1.16 per share, an increase of 19 percent compared to the same quarter last year.
 Sales for the quarter increased 35 percent to $77,316,000 compared to $57,407,000 for the fourth quarter of last year. Comparable store sales for the quarter increased 20 percent.
 Net income for the fiscal year ended Feb. 1, 1992 increased 36 percent to $5,586,000, or $1.06 per share, from $4,115,000, or $.78 per share, last year. Sales increased 27 percent to $168,375,000 compared to $132,808,000 last year. Comparable store sales for the year increased 15 percent.
 "The 20 percent increase in our comparable store sales led to the 19 percent gain in net income for the quarter," said James B. McCurry, chairman of the board. "We attained significant comparable store sales growth both from IBM-compatible software and from video game systems and software."
 During fiscal 1992 the company opened 26 stores, bringing total stores in operation at year end to 204, up from 178 stores at the end of last year. As of March 17, 1992, Babbage's operated 207 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
 (in thousands, except per share data)
 Three months ended Fiscal year ended
 (unaudited)
 Feb. 1, Feb. 2, Feb. 1, Feb.2,
 1992 1991 1992 1991
 Net Sales $ 77,316 $ 57,407 $168,375 $132,808
 Cost of sales 54,992 39,325 119,636 92,533
 Gross profit 22,324 18,082 48,739 40,275
 Store operating expenses 10,003 7,927 32,448 27,621
 General and administrative
 expenses 2,525 1,945 7,468 6,023
 Operating income 9,796 8,210 8,823 6,631
 Net interest income (expense) 3 38 164 (18)
 Income before provision
 for income taxes 9,799 8,248 8,987 6,613
 Provision for income taxes 3,707 3,111 3,401 2,498
 Net income $ 6,092 $ 5,137 $ 5,586 $ 4,115
 Earnings per share $ 1.16 $ .98 $ 1.06 $ .78
 Weighted average shares used
 in per share computations 5,270 5,257 5,262 5,256
 BABBAGE'S , INC.
 CONDENSED BALANCE SHEETS
 (in thousands)
 2/1/92 2/2/91
 Cash and cash equivalents $ 6,457 $ 6,667
 Merchandise inventory 29,767 18,880
 Property and equipment, net 19,536 17,827
 All other assets 4,170 3,975
 TOTAL $ 59,930 $ 47,349
 Current liabilities $ 16,946 $ 10,112
 Shareholders' equity 42,984 37,237
 TOTAL $ 59,930 $ 47,349
 -0- 3/17/92
 /CONTACT: Opal P. Ferraro of Babbage's, 214-401-9000/
 (BBGS) CO: Babbage's Inc. ST: Texas IN: REA SU: ERN


TQ -- NY018 -- 8709 03/17/92 10:26 EST
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Date:Mar 17, 1992
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