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BERNARD CHAUS REPORTS RESULTS FOR FIRST QUARTER ENDED SEPT. 30, 1992

BERNARD CHAUS REPORTS RESULTS FOR FIRST QUARTER ENDED SEPT. 30, 1992
 NEW YORK, Nov. 2 /PRNewswire/ -- Bernard Chaus, Inc. (NYSE: CHS), today reported results for its first fiscal quarter ended Sept. 30, 1992. The results, as compared to those for the corresponding period least year, are as follows:
 BERNARD CHAUS, INC.
 Statement of Operating Data
 (Dollars in thousands, except per share data)
 Fiscal quarter ended 9/30/92 9/30/91
 Net sales $64,187 $60,152
 Cost of goods sold 47,702 46,513
 Gross profit 16,485 13,639
 SG&A expenses 13,569 12,348
 Total 2,916 1,291
 Interest and other income 135 41
 Interest expense (547) (641)
 Income before provision for income
 taxes and extraordinary item 2,504 691
 Provision for income taxes 978 270
 Income before extraordinary item 1,526 421
 Extraordinary item:
 Tax benefit from utilization
 of net operating loss
 carryforward 851 235
 Net income 2,377 656
 Net income per common share $0.13 $0.04
 Weighted average number of
 common shares outstanding 18,862,000 18,058,000
 Selected Balance Sheet Data
 (Dollars in thousands
 9/30/92 9/30/91
 Cash and cash equivalents $5,730 $12,934
 Accounts receivable, net 46,970 40,773
 Inventory 26,784 30,501
 Working capital 49,306 48,105
 Total assets 88,798 93,364
 Total liabilities 43,021 55,021
 Stockholders equity 45,777 38,343
 Josephine Chaus, chairwoman and chief executive officer, said, "We are pleased to report more than a 200 percent increase in our first quarter net income over the same quarter last year,. This is our fifth consecutive quarter of profitability in spite of the difficult retailing environment. Our net income in the first quarter ended Sept. 30, 1992 was $2.4 million or 13 cents per share, compared with a profit for the same quarter last year of $0.7 million or 4 cents per share. Net sales for the current quarter increased by 7 percent to $64.2 million from $60.2 million last year. The increase in net sales resulted primarily form a greater percentage of merchandise being sold at regular wholesale prices and an increase in the number of units sold. A significant part of the first quarter improvement came from performances in the Chaus, Chaus Sport and special size divisions.
 "Selling, general and administrative expenses increased primarily because of the new retail outlet stores that were opened since last year.
 "We believe that continuing our strategy to maintain lower average selling prices combined with lower manufacturing costs and the introduction of our new denim program has been a key factor in our continued improved performance,."
 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. Its common stock is listed on the New York Stock Exchange under the symbol CHS.
 -0- 11/2/92
 /CONTACT: Anthony M. Pisano of Bernard Chaus, Inc., 201-863-4646/
 (CHS) CO: Bernard Chaus, Inc. ST: New York IN: REA SU: ERN


KD-TS -- NY029 -- 1516 11/02/92 10:45 EST
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Date:Nov 2, 1992
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