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BRAUN'S FASHIONS CORPORATION REPORTS FOURTH QUARTER AND FISCAL YEAR 1992 RESULTS

 BRAUN'S FASHIONS CORPORATION REPORTS FOURTH QUARTER
 AND FISCAL YEAR 1992 RESULTS
 MINNEAPOLIS, April 10 /PRNewswire/ -- Braun's Fashions Corporation (NASDAQ-NMS: BFCI)
 Net sales for the year ended Feb. 29, 1992, increased 10.6 percent to $70,755,052 from $63,955,799 the prior year. Same store sales during this period increased 6.9 percent. Net income was $1,502,146 compared with a loss of $214,500 in fiscal year 1991.
 Net sales for the fourth quarter ended Feb. 29, 1992, were $18,030,169 compared to $16,016,524 for the same period last year which was a 12.6 increase. Same store sales increased 6.4 percent during the quarter. Net income was $298,771 compared to a loss of $341,218 in the fourth quarter last year.
 Braun's Fashions Corporation is a Minneapolis-based regional retailer of women's specialty apparel. As of Feb. 29, 1992, through its subsidiary Braun's Fashions, Inc., the company operated a chain of 143 stores utilizing two distinct retail formats under the names "Braun's" (121 stores) and "GiGi" (22 stores) in 16 midwestern states. The company's stores offer coordinated assortments of moderately priced sportswear, dresses, accessories and coats.
 On March 31, 1992, the company announced the initial public offering of 1,875,000 shares of common stock at $7 per share. 1,250,000 shares were sold by the company and 625,000 shares were sold by selling stockholders. Giving effect to the offering there are currently 3,859,000 outstanding shares of common stock and common stock equivalents.
 BRAUN'S FASHIONS CORPORATION
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands, except per share amounts)
 (unaudited)
 Fiscal Year Ended
 March 2, 1991 Feb. 29, 1992
 Net sales $63,956 $70,755
 Net income (loss) $(214) $1,502
 Net income (loss) per common share(a) $(.08) $.58
 Three Months Ended
 March 2, 1991 Feb. 29, 1992
 Net sales $16,017 $18,030
 Net income (loss) $(341) $299
 Net income (loss) per common share(a) $(.13) $.12
 CONSOLIDATED FINANCIAL DATA
 (Dollars in thousands, except per share amounts)
 Fiscal Year Ended
 3/2/92 Percent 2/29/92 Percent
 of Sales of Sales
 Net sales $63,956 100.0 $70,755 100.0
 Cost of sales 46,229 72.3 49,271 69.6
 Gross profit 17,727 27.7 21,484 30.4
 Selling, general &
 administrative expenses 16,665 26.1 18,324 25.9
 Operating income 1,062 1.6 3,160 4.5
 Interest expense 1,174 1.8 758 1.1
 Income (loss) before
 income taxes (112) (.2) 2,402 3.4
 Income taxes 102 (.1) 900 1.3
 Net income (loss) $(214) (.3) $1,502 2.1
 Net income (loss) per
 common share(a) $(.08) -- $.58 --
 Three Months Ended
 3/2/92 Percent 2/29/92 Percent
 of Sales of Sales
 Net sales $16,017 100.0 $18,030 100.0
 Cost of sales 12,116 75.6 12,826 71.1
 Gross profit 3,901 24.4 5,204 28.9
 Selling, general &
 administrative expenses 4,021 25.1 4,606 25.6
 Operating income (loss) (120) (.7) 598 3.3
 Interest expense 233 1.5 136 0.7
 Income (loss) before
 income taxes (353) (2.2) 462 2.6
 Income taxes (12) -- 163 0.9
 Net income (loss) $(341) (2.2) $299 1.7
 Net income (loss) per
 common share(a) $(.13) -- $.12 --
 (a) Based on the weighted average number of outstanding shares of common stock and common stock equivalent of 2,554,000 for fiscal 1991 and 2,609,000 for fiscal 1992, giving effect to a February 1992 8-to-1 common stock split, but without giving effect to the issuance of 1,250,000 shares of common stock in the company's initial public offering that was completed after the close of the company's 1992 fiscal year.
 -0- 4/10/92
 /CONTACT: Herbert D. Froemming of Braun's Fashions, 612-941-9590/
 (BFCI) CO: Braun's Fashions Corporation ST: Minnesota IN: REA SU: ERN


AL -- MN001 -- 7056 04/10/92 08:30 EDT
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Date:Apr 10, 1992
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