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CHARMING SHOPPES REPORTS FOURTH QUARTER AND INCREASED CASH DIVIDEND

 BENSALEM, Pa., March 9 /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 Jan. 30, 1993.
 For the three months ended Jan. 30, 1993, earnings increased 31 percent to $25,891,000 or $.24 per share vs. earnings of $19,695,000 or $.18 per share for the corresponding period last year. Fourth quarter sales were $337,167,000 as against sales of $295,606,000 during the prior year, a 14 percent increase.
 For the 12 months ended Jan. 30, 1993, earnings increased 39 percent to $81,127,000 or $.75 per share, vs. earnings of $58,302,000 or $.55 per share for the corresponding 12 months of last year. Sales for the 12-month period increased to $1,178,714,000 from $1,020,656,000 during the prior year, a 15.5 percent increase.
 The above per share results reflect the effect of a 2-for-1 stock split paid on Dec. 7, 1992.
 During 1992, Charming Shoppes opened 129 new stores, closed 46 locations and ended the year with 1,220 stores in 42 states. The net growth in the number of store locations was 7.3 percent with an 11.9 percent increase in square footage to approximately 9,695,000 square feet of leased space. During 1993, the company said it expects to open approximately 170 stores and expand footage by 16 percent. Charming Shoppes operates under the names "Fashion Bug" and "Fashion Bug Plus."
 On March 8, 1993, the board of directors declared a regular quarterly cash dividend of $.0225 per share, an increase over the last regular quarterly cash dividend of $.02, payable April 15, 1993, to shareholders of record on March 26.
 CHARMING SHOPPES, INC.
 (In thousands, except shares and per-share amounts)
 Fourth quarter Fourth quarter
 Fiscal 1993 Fiscal 1992
 13 weeks 13 weeks
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.24 -- $.18 --
 Sales 14.1 $337,167 100.0 $295,606 100.0
 Other income 29.8 2,525 .7 1,946 .7
 Total 14.2 339,692 100.7 297,552 100.7
 C/G/S, buying &
 occupancy 14.2 229,005 67.9 200,450 67.8
 Selling &
 administrative 7.8 71,913 21.3 66,683 22.6
 Interest expense (29.7) 632 .2 899 .3
 Expenses 12.5 301,550 89.4 268,032 90.7
 Pretax profit 29.2 38,142 11.3 29,520 10.0
 Less income taxes 24.7 12,251 3.6 9,825 3.3
 Net income 31.5 $25,891 7.7 19,695 6.7
 Average shares -- 109,014,196 -- 107,191,156 --
 12 Months 12 Months
 Fiscal 1993 Fiscal 1992
 52 weeks 52 weeks
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.75 -- $.55 --
 Sales 15.5 $1,178,714 100.0 $1,020,656 100.0
 Other income 38.6 9,146 .8 6,601 .7
 Total 15.6 1,187,860 100.8 1,027,257 100.7
 C/G/S, buying &
 occupancy 14.2 804,963 68.3 705,047 69.1
 Selling &
 administrative 11.8 260,806 22.1 233,265 22.9
 Interest expense (14.8) 2,958 .3 3,473 .3
 Expenses 13.5 1,068,727 90.7 941,785 92.3
 Pretax profit 39.4 119,133 10.1 85,472 8.4
 Less income taxes 39.9 38,006 3.2 27,170 2.7
 Net income 39.1 81,127 6.9 58,302 5.7
 Average shares -- 108,681,305 -- 106,267,242 --
 Share and per share amounts reflect the effect of a 2-for-1 stock split paid on Dec. 7, 1992.
 /delval/
 -0- 3/9/93
 /CONTACT: Bernard Brodsky, vp and treasurer of Charming Shoppes, 215-638-6719/
 (CHRS)


CO: Charming Shoppes, Inc. ST: Pennsylvania IN: REA SU: ERN

CC-MP -- PH002 -- 4358 03/09/93 08:44 EST
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Date:Mar 9, 1993
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