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BRAUNS FASHIONS CORPORATION REPORTS THIRD QUARTER RESULTS

 MINNEAPOLIS, Dec. 16 /PRNewswire/ -- Brauns Fashions Corporation (NASDAQ-NMS: BFCI) today announced net sales for the third quarter ended Nov. 28, 1992, were $22,562,000 compared to $18,088,000 for the same quarter last year or a 25 percent increase. Same store sales increased 9 percent from last year. Net income was $962,000 for the quarter or $.26 per share as compared to $266,000 or $.10 per share last year.
 Net sales for the nine months ended Nov. 28, 1992 were $59,321,000, an increase of 13 percent over $52,725,000 for the same period last year. Same store sales increased 1 percent. Net income for the first nine months was $1,874,000, compared to $1,203,000 last year, an increase of 56 percent. Earnings per share were $.52 compared with $.46 last year.
 Nick Cook, chief executive officer of Brauns, said, "The positive sales trends that began in August continued into the third quarter. Customers responded well to our line of fall fashions and the weather cooperated. We are confident our long-term strategic direction of providing value and responding to the needs of our customer will continue to contribute to our growth and success."
 All of the six new Brauns stores planned for the third quarter were opened according to schedule. A total of 20 new stores have been opened this year and 23 additional stores are scheduled for 1993.
 The gross profit margin for the third quarter was 27.5 percent compared to 25.3 percent for the same quarter last year. Selling, general and administrative expenses were 20.4 percent of sales for the current quarter versus 21.7 percent last year. Interest expense decreased $158,000 in the third quarter as a result of lower borrowings.
 For the nine months, the gross profit margin was 27.6 percent, compared to 27.1 percent for the same period last year. Selling, general and administrative expenses were 22.2 percent of sales this year and last year. Interest expense decreased by $438,000 from last year.
 Brauns Fashions Corporation is a Minneapolis-based specialty retailer of women's apparel. As of Nov. 28, 1992, the company operated a chain of 163 stores in 16 Midwestern states.
 FINANCIAL HIGHLIGHTS
 (dollars in thousands, except per share amounts)
 (Unaudited)
 Three Months Ended
 11/28/92 11/30/91
 Net sales $22,562 $18,088
 Net income $962 $266
 Per common share $0.26 $0.10
 CONSOLIDATED FINANCIAL DATA
 (Dollars in thousands, except per share amounts)
 Three Months Ended
 11/28/92 Pct. to 11/30/91 Pct. to
 Sales Sales
 Net sales $22,562 100.0 $18,088 100.0
 Cost of sales 16,359 72.5 13,506 74.7
 Gross profit 6,203 27.5 4,582 25.3
 Selling, general and
 administrative expenses 4,593 20.4 3,936 21.7
 Operating income 1,610 7.1 646 3.6
 Interest expense 59 .2 217 1.2
 Income before taxes 1,551 6.9 429 2.4
 Income taxes 589 2.6 163 .9
 Net income $962 4.3 $266 1.5
 Net income/common share(a) $0.26 -- $0.10 --
 (a) Based on the weighted average number of outstanding shares of common stock and common stock equivalents of 3,768,792 for the period ended Nov. 28, 1992 and 2,608,757 for the period ended Nov. 30, 1991.
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands, except per share amounts)
 (Unaudited)
 Nine Months Ended
 11/28/92 11/30/91
 Net sales $59,321 $52,725
 Net income $1,874 $1,203
 Per common share $0.52 $0.46
 CONSOLIDATED FINANCIAL DATA
 (Dollars in thousands, except per share amounts)
 Nine Months Ended
 11/28/92 Pct. to 11/30/91 Pct. to
 Sales Sales
 Net sales $59,321 100.0 $52,725 100.0
 Cost of sales 42,929 72.4 38,444 72.9
 Gross profit 16,392 27.6 14,281 27.1
 Selling, general and
 administrative expenses 13,185 22.2 11,719 22.2
 Operating income 3,207 5.4 2,562 4.9
 Interest expense 184 .3 622 1.2
 Income before taxes 3,023 5.1 1,940 3.7
 Income taxes 1,149 1.9 737 1.4
 Net income $1,874 3.2 $1,203 2.3
 Net income/common share (a) $0.52 -- $0.46 --
 (a) Based on the weighted average number of outstanding shares of common stock and common stock equivalents of 3,629,903 for the period ended Nov. 28, 1992 and 2,608,757 for the period ended Nov. 30, 1991.
 -0- 12/16/92
 /CONTACT: Trish Colby of Brauns Fashions, 612-828-8100/
 (BFCI)


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

KH -- MN018 -- 7963 12/16/92 18:33 EST
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Date:Dec 16, 1992
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