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BOMBAY EARNINGS INCREASE 24 PERCENT IN DECEMBER QUARTER

 BOMBAY EARNINGS INCREASE 24 PERCENT IN DECEMBER QUARTER
 FORT WORTH, Texas, Jan. 21 /PRNewswire/ -- The Bombay Company, Inc. (AMEX: BBA) reported that net income increased 24 percent to $6,803,000 or $1.05 per share for the three months ended Dec. 29, 1991, compared to net income from continuing operations of $5,466,000 or $.87 per share for the same period last year.
 For the six months ended Dec. 29, 1991, net income increased 31 percent to $7,112,000 or $1.10 per share compared to net income from continuing operations of $5,442,000 or $.86 per share for the comparable period.
 Sales for the three-month period ended Dec. 29, 1991, were $61,477,000 an increase of $9,464,000 or 18 percent over the comparable period last year with same-store sales increasing 7 percent. For the six-month period ended Dec. 29, 1991, sales were $95,212,000, an increase of $16,979,000 or 22 percent over the comparable period last year with same-store sales increasing 8 percent.
 Robert E.M. Nourse, president and chief executive officer, stated that he was extremely pleased that the company performed well during this recessionary period. He noted that the earnings improvement was directly attributable to achieving higher sales without resorting to excessive promotions. He further noted that there was a net increase of 21 stores since the beginning of the fiscal year and that the company remained on plan with its store-opening program.
 The Bombay Company, Inc. is a specialty retailer marketing antique reproduction furniture, prints and accessories through a network of 333 stores in the United States and Canada.
 THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (In thousands, except per-share amounts)
 Periods ended Three months Six months
 12/29/91 12/31/90 12/29/91 12/31/90
 Net sales $61,477 $52,013 $95,212 $78,233
 Income before
 income taxes 11,173 9,226 11,659 9,196
 Provision for
 income taxes 4,370 3,760 4,547 3,754
 Income from
 continuing operations 6,803 5,466 7,112 5,442
 Income from
 discontinued operation -- 275 -- 664
 Net income 6,803 5,741 7,112 6,106
 Average common shares
 and common equivalent
 shares outstanding 6,488 6,269 6,438 6,315
 Net income per average
 common share and common
 equivalent share:
 Income from cont. opers. $1.05 $.87 $1.10 $.86
 Income from discontinued
 operation -- .04 -- .11
 Net income 1.05 .91 1.10 .97
 -0- 1/21/92
 /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


CK-OS -- NY040 -- 1754 01/21/92 11:08 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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