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BRAUNS FASHIONS CORPORATION REPORTS FOURTH QUARTER AND YEAR END RESULTS

 MINNEAPOLIS, April 6 /PRNewswire/ -- Brauns Fashions Corporation (NASDAQ-NMS: BFCI) today announced net sales for the fourth quarter ended Feb. 27, 1993, were $21,981,000 compared to $18,030,000 for the same quarter last year or a 21.9 percent increase. Same stores sales increased 8.5 percent from last year. Net income was $762,000 for the fourth quarter as compared to $299,000 last year. Earnings per share were $.19 compared to $.11 last year.
 Net sales for the fiscal year ended Feb. 27, 1993 were $81,302,000, an increase of 14.9 percent over $70,755,000 for last year. Same stores sales increased 2.6 percent. Net income for fiscal year 1993 was $2,637,000 or $.72 per share compared to $1,502,000 for fiscal year 1992 or $.58 per share.
 Nick Cook, chief executive officer of Brauns, said, "The results for the quarter and the year clearly demonstrate the validity of our long- term strategic direction. We will continue to implement the key strategies and programs that provide our customers with what they want -- value, quality and service. In the fourth quarter, holiday sales and post-holiday sales were both exceptionally strong. In addition, we successfully implemented a new management information system (MIS) that will help us be more responsive to our customers and more competitive through faster turnover of merchandise and lower markdowns."
 The gross profit margin for the fourth quarter was 28.7 percent compared to 25.5 percent for the same quarter last year. Selling, general and administrative expenses were 23.0 percent of sales for the current quarter versus 22.2 percent last year. Interest expense decreased $109,000 in the fourth quarter as a result of lower borrowings.
 For the year, the gross profit margin was 28.1 percent, compared to 26.7 percent for the same period last year. Selling, general and administrative expenses were 22.6 percent of sales this year compared with 22.2 percent last year. Interest expense decreased by $548,000 from last year.
 Lower depreciation costs charged to cost of sales and favorable physical inventory results during the fourth quarter were the primary reasons for the favorable gross profit margin comparisons for both the quarter and the year. Selling, general and administrative expenses for both the fourth quarter and the year were affected by increased costs associated with the opening of 20 new stores and increased health care costs.
 Brauns Fashions Corporation, based in Minneapolis, is a regional retailer of women's fashions that currently operates 168 stores in 18 states, primarily in the Midwest and Pacific Northwest. The expansion-minded Brauns is planning to add a minimum of 23 new stores in calendar year 1993. The company's common stock trades on the NASDAQ National Market System under the symbol BFCI.
 BRAUNS FASHIONS CORPORATION
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands, except per share amounts)
 (audited)
 Three Months Ended
 2/27/93 2/29/92
 Net sales $21,981 $18,030
 Net income $762 $299
 Per common share $0.19 $0.11
 CONSOLIDATED FINANCIAL DATA
 (Dollars in thousands, except per share amounts)
 Three Months Ended
 2/27/93 Percent 2/29/92 Percent
 to Sales to Sales
 Net sales $21,981 100.0 $18,030 100.0
 Cost of sales 15,677 71.3 13,436 74.5
 Gross profit 6,304 28.7 4,594 25.5
 Selling, general and
 administrative expenses 5,048 23.0 3,996 22.2
 Operating income 1,256 5.7 598 3.3
 Interest expense 27 .1 136 .7
 Income before taxes 1,229 5.6 462 2.6
 Income taxes 467 2.1 163 .9
 Net income $762 3.5 $299 1.7
 Net income/common share (a) $0.19 -- $0.11 --
 (a) Based on the weighted average number of outstanding shares of common stock and common stock equivalents of 3,937,646 for the three month period ended Feb. 27, 1993 and 2,608,757 for the same period ended Feb. 29, 1992.
 BRAUNS FASHIONS CORPORATION
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands, except per share amounts)
 (audited)
 Fiscal Year Ended
 2/27/93 2/29/92
 Net sales $81,302 $70,755
 Net income $2,637 $1,502
 Per common share $0.72 $0.58
 CONSOLIDATED FINANCIAL DATA
 (Dollars in thousands, except per share amounts)
 Fiscal Year Ended
 2/27/93 Percent 2/29/92 Percent
 to Sales to Sales
 Net sales $81,302 100.0 $70,755 100.0
 Cost of sales 58,460 71.9 51,880 73.3
 Gross profit 22,842 28.1 18,875 26.7
 Selling, general and
 administrative expenses 18,379 22.6 15,715 22.2
 Operating income 4,463 5.5 3,160 4.5
 Interest expense 210 .3 758 1.1
 Income before taxes 4,253 5.2 2,402 3.4
 Income taxes 1,616 2.0 900 1.3
 Net income $2,637 3.2 $1,502 2.1
 Net income/common share (a) $0.72 -- $0.58 --
 (a) Based on the weighted average number of outstanding shares of common stock and common stock equivalents of 3,664,625 for the three month period ended Feb. 27, 1993 and 2,608,757 for the same period ended Feb. 29, 1992.
 -0- 4/6/93
 /CONTACT: Patricia Colby of Brauns, 612-828-8100/
 (BFCI)


CO: Brauns Fashions Corporation ST: Minnesota IN: REA SU: ERN

AL -- MN005 -- 3544 04/06/93 16:08 EDT
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Date:Apr 6, 1993
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