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BRENDLE'S INCORPORATED REPORTS THIRD QUARTER RESULTS

 BRENDLE'S INCORPORATED REPORTS THIRD QUARTER RESULTS
 ELKIN, N.C., Dec. 2 /PRNewswire/ -- Brendle's Incorporated


(NASDAQ-NMS: BRDL) reported results today for the third quarter of fiscal 1992. For the three months ended November 2, 1991, sales decreased 5.4 percent to $56,664,000 from $59,870,000 in the third quarter of fiscal 1991. The Company incurred a net loss of $5,707,000, or $.71 per share, compared with a net loss of $3,669,000, or $.46 per share for the same period last year. For fiscal 1992, the Company has been limited in its ability to carry operating losses back against previous periods in order to gain tax benefits. Had the Company not been limited, the loss for the third quarter would have been reduced by approximately $2,225,000, or $.28 per share. The benefits have not been recorded, but will be carried forward to reduce overall tax expense in future periods as earnings allow.
 For the nine months ended November 2, 1991, sales were $169,355,000, a decrease of .16 percent from the first nine months of last year. The company incurred a net loss of $14,163,000, or $1.76 per share compared with a net loss of $7,241,000, or $.90 per share for the comparable period a year ago. The loss for fiscal 1992 was increased in comparison with the prior year by a lack of tax benefit as previously mentioned.
 According to Douglas D. Brendle, Chairman and Chief Executive Officer, "the decrease in sales is the result of a disappointing sales environment which has resulted in a 9.0 percent decrease in comparable store sales in the third quarter of fiscal 1992." Commenting further on the results, Brendle remarked, "Despite poor sales activity throughout the retail industry, I am encouraged that the pre-tax loss for the third quarter of fiscal 1992 of $5,707,000 is $310,000, or 5.2 percent, better than the $6,017,000 pre-tax loss reported for the same quarter a year ago."
 Brendle's Incorporated operates 58 discount stores in North Carolina, South Carolina, Virginia, Tennessee, and Georgia which offer jewelry and nationally advertised, brand-name merchandise at everyday low prices. The Company's shares are traded in the NASDAQ National System under the symbol BRDL.
 Brendle's Incorporated
 Financial Highlights
 (Unaudited)
 Three Months Ended
 November 2, 1991 November 3, 1990
 Net Sales $56,664,000 $59,870,000
 Earnings before taxes (5,707,000) (6,017,000)
 Provision for taxes -- (2,348,000)
 Net Earnings (5,707,000) (3,669,000)
 Net Earnings/share ( .71) ( .46)
 Average shares outstanding 8,037,000 8,020,000
 Nine Months Ended
 November 2, 1991 November 3, 1990
 Net Sales $169,355,000 $169,623,000
 Earnings before taxes (17,292,000) (11,871,000)
 Provision for taxes ( 3,129,000) ( 4,630,000
 Net Earnings (14,163,000) ( 7,241,000)
 Net Earnings/share ( 1.76) ( .90)
 Average shares outstanding 8,037,000 8,020,000
 -0- 12/2/91
 /CONTACT: Ogier Mathewes, Chief Financial Officer, or David Renegar, Secretary and Treasurer, Brendle's Incorporated, 919-526-5600/
 (BRDL) CO: Brendle's Incorporated ST: North Carolina IN: REA SU: ERN


DF-JM -- CH006 -- 8519 12/02/91 17:05 EST
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Date:Dec 2, 1991
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