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BABBAGE'S ANNOUNCES RESULTS

 BABBAGE'S ANNOUNCES RESULTS
 DALLAS, Nov. 11, /PRNewswire/ -- Babbage's, Inc. (NASDAQ: BBGS), the


nation's leading chain of consumer software specialty stores, today reported a 29 percent increase in sales to $32,260,000 for the third quarter ended Nov. 2, 1991, compared with $25,023,000 for the same quarter last year. Net loss for the quarter was $273,000, or 5 cents per share, compared to a net loss of $627,000, or 12 cents per share, for the same period las at the same time last year.
 For the nine months ended Nov. 2, 1991, sales increased 21 percent to $91,059,000 from $75,401,000 for the first nine months of last year. The company reported a net loss of $506,000, or 10 cents per share, compared to a net loss of $1,022,000, or 19 cents per share, for the same period last year.
 Comparable store sales for the third quarter increased 18 percent. "The significant increase in comparable store sales was driven primarily by an acceleration in our sales of IBM-compatible software," said James B. McCurry, chairman of the board. "In addition, substantial increases in our sales of Sega's Genesis, coupled with the release of Nintendo's Super NES during the quarter, caused video game system sales to more than double compared to the same quarter last year."
 As of Nov. 11, 1991, Babbage's, Inc., operated 202 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 - unaudited)
 Three months ended Nine months ended
 11/2/91 11/3/90 11/2/91 11/3/90
 Net sales $32,260 $25,023 $91,059 $75,401
 Cost of sales 23,039 17,721 64,644 53,208
 Gross profit 9,221 7,302 26,415 22,193
 Store operating
 expenses 7,974 6,849 22,445 19,694
 General and
 administrative
 expenses 1,719 1,402 4,943 4,078
 Operating loss (472) (949) (973) (1,579)
 Net interest income
 (expense) 34 (55) 161 (56)
 Loss before provision
 for income taxes (438) (1,004) (812) (1,635)
 Income tax benefit (165) (377) (306) (613)
 Net loss (273) (627) (506) (1,022)
 Net loss per
 common share $(.05) $(.12) $(.10) $(.19)
 Weighted average shares
 used in per share
 computations 5,263 5,256 5,259 5,255
 BABBAGE'S, INC.
 Condensed Balance Sheets
 (In thousands - unaudited)
 11/2/91 11/3/90
 Cash and cash equivalents $1,873 $2,053
 Merchandise inventory 37,792 26,919
 Property and equipment, net 19,383 18,190
 All other assets 3,313 2,533
 $62,361 $49,695
 Note payable to bank $4,550 $4,600
 Current liabilities 21,017 12,996
 Shareholders' equity 36,794 32,099
 $62,361 $49,695
 -0- 11/11/91
 /CONTACT: Opal P. Ferraro of Babbage's, 214-401-9000/
 (BBGS) CO: Babbage's Inc. ST: Texas IN: REA SU: ERN SM -- NY023 -- 2910 11/11/91 09:38 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 11, 1991
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