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CHARMING SHOPPES REPORTS FOURTH QUARTER AND INCREASED CASH DIVIDEND

 CHARMING SHOPPES REPORTS FOURTH QUARTER AND INCREASED CASH DIVIDEND
 BENSALEM, Pa., March 10 /PRNewswire/ -- David Wachs, chairman and chief executive officer of Charming Shoppes, Inc. (NASDAQ: CHRS), the retail women's apparel chain, today reported record earnings and sales for the fourth quarter and for the 12 months ended Feb. 1, 1992.
 Charming Shoppes, Inc. reached a milestone in its history by exceeding $1 billion in sales volume during the past fiscal year.
 For the three months ended Feb. 1, 1992, earnings increased 36 percent to $19,695,000 or $.37 per share, vs. earnings of $14,534,000 or $.28 per share for the corresponding period last year. Fourth quarter sales were $295,606,000 as against sales of $257,137,000 during the prior year, a 15 percent increase.
 For the 12 months ended Feb. 1, 1992, earnings increased 45 percent to $58,302,000 or $1.10 per share, vs. earnings of $40,346,000 or $.79 per share for the corresponding 12 months of last year. Sales for the 12-month period increased to $1,020,656,000 from $886,265,000 during the prior year, a 15 percent increase.
 During 1991 Charming Shoppes opened 111 new stores, closed 32 locations, and ended the year with 1,137 stores in 41 states. The net growth in the number of store locations was 7.5 percent with a 10.8 percent increase in square footage to approximately 8,670,000 square feet of leased space. During 1992 the company said it expects to open approximately 130 stores. Charming Shoppes operates under the names "Fashion Bug" and "Fashion Bug Plus."
 On March 6, 1992, the board of directors declared a regular quarterly cash dividend of $.04 per share, a $.01 per share (33 percent) increase over the last regular quarterly cash dividend of $.03, payable April 15, 1992, to shareholders of record on March 27.
 CHARMING SHOPPES, INC.
 (In thousands, except shares and per-share amounts)
 Fourth quarter Fourth quarter
 Fiscal 1992 Fiscal 1991
 13 weeks 13 weeks
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.37 -- $.28 --
 Sales 15.0 $295,606 100.0 $257,137 100.0
 Other income 5.3 1,946 .7 1,848 .7
 Total 14.9 297,552 100.7 258,985 100.7
 C/G/S, buying &
 occupancy 11.3 200,450 67.8 180,163 70.1
 Selling &
 administrative 17.5 66,847 22.6 56,890 22.1
 Interest expense (15.1) 735 .3 866 .3
 Expenses 12.7 268,032 90.7 237,919 92.5
 Pretax profit 40.1 29,520 10.0 21,066 8.2
 Less income taxes 50.4 9,825 3.3 6,532 2.5
 Net income 35.5 19,695 6.7 14,534 5.7
 Average shares -- 53,595,578 -- 51,307,727 --
 12 Months 12 Months
 Fiscal 1992 Fiscal 1991
 52 weeks 52 weeks
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $1.10 -- $.79 --
 Sales 15.2 $1,020,656 100.0 $886,265 100.0
 Other income .1 6,601 .7 6,539 .7
 Total 15.1 1,027,257 100.7 892,858 100.7
 C/G/S, buying &
 occupancy 12.7 705,047 69.1 625,618 70.5
 Selling &
 administrative 14.1 233,429 22.9 204,514 23.0
 Interest expense 5.6 3,309 .3 3,134 .4
 Expenses 13.0 941,785 92.3 833,266 93.9
 Pretax profit 43.4 85,472 8.4 59,592 6.8
 Less income taxes 41.2 27,170 2.7 19,246 2.2
 Net income 44.5 58,302 5.7 40,346 4.6
 Average shares -- 53,133,621 -- 51,050,158 --
 /delval/
 -0- 3/10/92
 /CONTACT: Bernard Brodsky, vp and treasurer of Charming Shoppes, 215-638-6719/
 (CHRS) CO: Charming Shoppes, Inc. ST: Pennsylvania IN: REA SU: ERN


JS-MK -- PH002 -- 6711 03/10/92 08:30 EST
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Date:Mar 10, 1992
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