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BOMBAY EARNINGS INCREASE 47 PERCENT IN DECEMBER QUARTER

 FORT WORTH, Texas, Jan. 19 /PRNewswire/ -- The Bombay Company, Inc. (AMEX: BBA), today reported that net income increased 47 percent to $10,007,000 or $.65 per share for the three months ended Dec. 27, 1992, compared to net income of $6,803,000 or $.47 per share for the same period last year. For the six months ended Dec. 27, 1992, net income increased 54 percent to $10,981,000 or $.72 per share compared to net income of $7,112,000 or $.49 per share for the comparable period last year.
 Sales for the three month period ended Dec. 27, 1992, were $77,708,000 an increase of $16,231,000 or 26 percent over the comparable period last year with same store sales increasing 12 percent. For the six month period ended Dec. 27, 1992, sales were $119,539,000, an increase of $24,327,000 or 26 percent over the comparable period last year with same store sales increasing 12 percent.
 Mr. Robert E. M. Nourse, president and chief executive officer, stated that the excellent results for the quarter and the six months can be attributed to the strong performance of both new and existing stores. "We are especially pleased that the sales gains reflect solid increases throughout all Bombay stores including the 20 new larger format stores," Mr. Nourse said. These larger format stores, which have been added during the past year, are more than twice the size of an average Bombay store and carry a wider range of merchandise.
 The Bombay Company Inc. is a specialty retailer marketing traditionally styled furniture, prints and accessories through a network of 370 stores in the United States and Canada.
 THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (in thousands, except per share amounts)
 Three months Six months
 Periods ended 12/27/92 12/29/91 12/27/92 12/29/91
 Net sales $77,708 $61,477 $119,539 $95,212
 Income before
 income taxes 16,405 11,173 18,002 11,659
 Provision for
 income taxes 6,398 4,370 7,021 4,547
 Net income 10,007 6,803 10,981 7,112
 Average common shares
 and common equivalent
 shares outstanding 15,507 14,598 15,321 14,486
 Net income per average
 common share and common
 equivalent share $0.65 $0.47 $0.72 $0.49
 All share and per share amounts reflect the three-for-two stock split paid to stockholders on Dec. 4, 1992.
 -0- 1/19/93
 /CONTACT: Robert E. M. Nourse, president and chief executive officer of the Bombay Company, 817-347-8200/
 (BBA)


CO: The Bombay Company, Inc. ST: Texas IN: REA SU: ERN

TS-LR -- NY012 -- 6143 01/19/93 08:45 EST
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Publication:PR Newswire
Date:Jan 19, 1993
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