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BOMBAY ANNOUNCES EARNINGS INCREASE OF 64 PERCENT FOR ITS FISCAL YEAR

BOMBAY ANNOUNCES EARNINGS INCREASE OF 64 PERCENT FOR ITS FISCAL YEAR
 FORT WORTH, Texas, Aug. 13 /PRNewswire/ -- The Bombay Company, Inc. (AMEX: BBA) reported that net income for the year ended June 28, 1992 increased 64 percent to $9,602,000 or $.98 per share compared to prior year's income from continuing operations of $5,858,000 or $.62 per share. For the three month period ended June 28, 1992, net income was $1,502,000 or $.15 per share compared to $88,000 or $.01 per share for the same period last year.
 Sales for the year were $176,023,000, an increase of $36,769,000 or 26 percent over the prior year with same store sales increasing 13 percent. For the three month period ended June 28, 1992, sales were $39,938,000 an increase of $10,320,000 or 35 percent with same store sales increasing 22 percent.
 Robert E. M. Nourse, president and chief executive officer, stated that he was extremely pleased with the company's overall performance. Nourse noted that during the year the company increased its store count by 30 including one larger format Bombay store. Including two others which were renovated, the company is now operating three larger format Bombay stores with plans for approximately 20 in operation by the end of this calendar year. Furthermore, three additional Alex & Ivy stores will be open in new markets by September. Nourse noted that these developments could lead to substantial growth for the company over the next several years.
 The Bombay Company, Inc. is a specialty retailer marketing antique reproduction furniture, prints and accessories through a network of 348 stores in the United States and Canada.
 THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (In thousands, except per share amounts)
 Period ended Three months Year ended
 6/28/92 6/30/91 6/28/92 6/30/91
 Net sales $39,938 $29,618 $176,023 $139,254
 Income before
 income taxes 2,463 118 15,741 9,838
 Provision for
 income taxes 961 30 6,139 3,980
 Income from continuing
 operations 1,502 88 9,602 5,858
 Income from discontinued
 operation -- -- -- 664
 Net income 1,502 88 9,602 6,522
 Average common shares
 and common equivalent
 shares outstanding(A) 9,968 9,478 9,788 9,456
 Net income per average
 common share and common
 equivalent share:(A)
 Income from continuing
 operations 0.15 0.01 0.98 0.62
 Income from discontinued
 operation -- -- -- 0.07
 Net income 0.15 0.01 0.98 0.69
 (A) The share and per share amounts reflect the three-for-two stock split paid on March 2, 1992.
 -0- 8/13/92
 /CONTACT: Robert E. M. Nourse, president and chief executive officer of Bombay Company, 817-347-8200/
 (BBA) CO: Bombay Company, Inc. ST: Texas IN: REA SU: ERN


LR-OS -- NY034 -- 9589 08/13/92 11:36 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
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