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BERNARD CHAUS, INC., REPORTS RESULTS FOR SECOND QUARTER AND SIX MONTHS ENDED DEC. 31, 1991

 BERNARD CHAUS, INC., REPORTS RESULTS FOR SECOND QUARTER AND
 SIX MONTHS ENDED DEC. 31, 1991
 NEW YORK, Feb. 4 /PRNewswire/ -- Bernard Chaus, Inc. (NYSE: CHS), today reported results for its second fiscal quarter and six months ended Dec. 31, 1991. The unaudited figures, as compared to those for the corresponding periods last year, are as follows:
 BERNARD CHAUS, INC.
 Statement of Operating Data
 (Dollars in thousands, except per share data)
 Periods ended Six Months Quarter
 Dec. 31 1991 1990 1991 1990
 Net sales $126,483 $115,687 $66,331 $58,369
 Cost of goods sold 98,917 93,655 52,404 49,909
 Gross profit 27,566 22,032 13,927 8,460
 Selling, general &
 administrative exps. 24,805 26,394 12,457 13,636
 Total 2,761 (4,362) 1,470 (5,176)
 Interest & other income 221 233 180 138
 Interest expense (1,331) (843) (690) (418)
 Income (loss) before
 provision for income
 taxes & extraord. item 1,651 (4,972) 960 (5,456)
 Provision (credit) for
 income taxes 644 (840) 374 (1,029)
 Income (loss) before
 extraordinary item 1,007 (4,132) 586 (4,427)
 Extraordinary item:
 Tax benefits from
 utilization of net
 operating loss
 carryforwards 561 -- 326 --
 Net income (loss) $ 1,568 $ (4,132) $ 912 $(4,427)
 Net income (loss) per
 common share $0.09 $(0.22) $0.05 $(0.24)
 Weighted aver. no.
 of common shares
 outstanding 18,058,000 18,407,000 18,058,000 18,162,000
 Selected Balance Sheet Data
 (Dollars in thousands)
 12/31/91 12/31/90
 Cash and cash equivalents $16,444 $13,692
 Accounts receivable, net 32,986 29,569
 Inventory 27,410 26,623
 Working capital 43,643 49,909
 Total assets 85,967 79,930
 Total liabilities 46,708 34,272
 Stockholder equity 39,259 45,658
 Josephine Chaus, chairman and chief executive officer, said, "We are pleased to report that in spite of the difficult retailing environment, our company was able to achieve a profit for the second fiscal quarter ended Dec. 31, 1991, of 5 cents per share or $912,000 compared with a loss of 24 cents per share or $4,427,000 for the same quarter ended Dec. 31, 1990. For the six months ended Dec. 31, 1991, the company earned 9 cents per share or $1,568,000 compared with a loss of 22 cents per share or $4,132,000 for the same period ended Dec. 31, 1990. A significant part of the second quarter improvement came from performances of the Chaus Sport and Ms. Chaus Dress divisions.
 "Net sales for the second quarter increased by 14 percent to $66.3 million from $58.4 million last year. The number of units sold increased 21 percent and more merchandise was sold at regular prices. We believe that our strategy to lower average selling prices, starting with our fall season merchandise, has been a key factor in the improved performance. We were able to reduce selling prices by continuing our efforts to lower manufacturing costs and improve product quality and styling. In addition, we have continued to reduce our operating expenses through austerity programs.
 "In the past several months, we added further to our management team. Mr. Harvey Krueger, senior managing director of Lehman Brothers, was elected to our board of directors. His experience in investment banking can help us in our future strategies for financing growth and developing other opportunities for the company. Mr. Michael Fieman, former vice president of international operations at Liz Claiborne, rejoined the company to head our production operation as executive vice president. During his four-year absence, he gained valuable experience at both Liz Claiborne and Leslie Fay which will add extra dimension to producing a cost effective product. We believe that these additions complement the existing management team and provide the company with the leadership and direction that we need to better assure our success in the future."
 Bernard Chaus, Inc., is one of the largest producers of updated, moderately priced women's sportswear, sold in major department and specialty stores throughout the United States.
 -0- 2/4/92
 /CONTACT: Anthony M. Pisano, chief financial officer of Bernard Chaus, Inc., 201-863-4646/
 (CHS) CO: Bernard Chaus, Inc. ST: New York IN: REA SU: ERN


GK-TS -- NY041 -- 6653 02/04/92 11:34 EST
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Date:Feb 4, 1992
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