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CHARMING SHOPPES REPORTS SECOND QUARTER RESULTS

 CHARMING SHOPPES REPORTS SECOND QUARTER RESULTS
 BENSALEM, Pa., Aug. 20 /PRNewswire/ -- David Wachs, chairman and


chief executive officer of Charming Shoppes, Inc. (NASDAQ: CHRS), the retail women's apparel chain, today reported its earnings and sales for the second quarter and for the six months ended Aug. 1, 1992.
 For the three months ended Aug. 1, 1992, earnings increased 32 percent to $21,726,000 or $.40 per share vs. earnings of $16,429,000 or $.31 per share for the corresponding period in 1991. Second quarter sales were $289,606,000 in 1992 as against sales of $255,172,000 in 1991, a 13 percent increase.
 For the six months ended Aug. 1, 1992, earnings increased 41 percent to $37,851,000 or $.70 per share, vs. earnings of $26,764,000 or $.51 per share for the corresponding six months of 1991. Sales for the six month period increased to $552,068,000 in 1992 from $478,042,000 in 1991, a 15 percent increase.
 During the period February through July, the company opened 36 new stores, bringing the total number of operating stores to 1,150 at the end of the second quarter. In total, the company said it expects to open approximately 130 stores this year, bringing the projected number of units operating at year end to 1,227, an 8 percent increase. The company said it expects an increase of approximately 13 percent in the square feet of leased space this year, which will bring the total to approximately 9,800,000 square feet at year end.
 CHARMING SHOPPES, INC.
 (In thousands, except shares and per-share amounts)
 Second quarter Second quarter
 Fiscal 1993 Fiscal 1992
 13 weeks 13 weeks
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.40 -- $.31 --
 Sales 13.5 $289,606 100.0 $255,172 100.0
 Other income 47.3 2,479 .9 1,683 .6
 Total 13.7 292,085 100.9 256,855 100.6
 C/G/S, buying &
 occupancy 12.0 198,827 68.7 177,552 69.6
 Selling &
 administrative 10.9 60,625 20.9 54,686 21.4
 Interest expense (3.8) 776 .3 807 .3
 Expenses 11.7 260,228 89.9 233,045 91.3
 Pretax profit 33.8 31,857 11.0 23,810 9.3
 Less income taxes 37.3 10,131 3.5 7,381 2.9
 Net income 32.2 21,726 7.5 16,429 6.4
 Average shares -- 54,261,488 -- 53,207,261 --
 Six Months Six Months
 Fiscal 1993 Fiscal 1992
 Pct. Pct. Pct.
 Increase of Sales of Sales
 Earnings per share -- $.70 -- $.51 --
 Sales 15.5 $552,068 100.0 $478,042 100.0
 Other income 47.5 4,578 .8 3,103 .6
 Total 15.7 556,646 100.8 481,145 100.6
 C/G/S, buying &
 occupancy 13.6 377,370 68.3 332,252 69.5
 Selling &
 administrative 12.7 122,218 22.1 108,470 22.7
 Interest expense (4.7) 1,558 .3 1,635 .3
 Expenses 13.3 501,146 90.7 442,357 92.5
 Pretax profit 43.1 55,500 10.1 38,788 8.1
 Less income taxes 46.8 17,649 3.2 12,024 2.5
 Net income 41.4 37,851 6.9 26,764 5.6
 Average shares -- 54,245,531 -- 52,822,752 --
 /delval/
 -0- 8/20/92
 /CONTACT: Bernard Brodsky, vp and treasurer of Charming Shoppes, 215-638-6719/
 (CHRS) CO: Charming Shoppes, Inc. ST: Pennsylvania IN: REA SU: ERN


MJ-JS -- PH002 -- 1574 08/20/92 08:30 EDT
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Date:Aug 20, 1992
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