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COMPUSA INC. FOURTH QUARTER SALES UP 63 PERCENT ON 24.7 PERCENT COMP-STORE SALES GAIN; FISCAL 1993 SALES EXCEED $1.34 BILLION

 DALLAS, June 30 /PRNewswire/ -- CompUSA Inc. (NYSE: CPU), America's largest Computer Superstore retailer, today announced that annual net sales exceeded $1 billion for the first time in the company's history, based on very strong comparable-store sales and a near doubling of the company's store base during fiscal 1993 that ended June 26.
 For the fourth quarter of fiscal 1993 ended June 26, sales increased 63.3 percent to $387.2 million from $237.1 million for the comparable period ended June 27, 1992. Comparable-store sales were up 24.7 percent for the fiscal 1993 fourth quarter for the 28 stores open for a year or more.
 For the 12 months of fiscal 1993, net sales were up 63.5 percent to $1.34 billion from $820.8 million for fiscal 1992. Comparable-store sales for fiscal 1993 were up 20.7 percent from fiscal 1992 sales levels for the 28 stores open for a year or more.
 "I'm pleased to report that CompUSA experienced outstanding growth in sales due to the addition of new stores and excellent comparable- store sales increases," said Nathan Morton, chairman and chief executive officer. "Fourth quarter comparable-store sales gains are particularly encouraging because they came on top of 20 percent comparable-store sales growth for the fourth quarter a year ago.
 "Fourth quarter sales would have been even higher except for shipping delays of the current Compudyne notebook models and later than planned store openings in the fourth quarter," Morton said. "We expect to report continued strong earnings growth for the fourth quarter, and earnings should approximate the low end of analysts' expectations due to these timing issues."
 The percentage increases in comparable-store sales for each of the following fiscal 1993 periods were:
 5 weeks 4 weeks 4 weeks 13 weeks 52 weeks
 April 93 May 93 June 93 4QFY93 12 Mo.FY93
Total Comp Stores 24.4 23.4 26.1 24.7 20.7
 CompUSA Inc. currently operates 48 high-volume Computer Superstores in 30 major metropolitan areas throughout the United States. The Superstores offer more than 5,000 computer products, including hardware, software, accessories and related products, at deep-discount prices to retail, business, governmental and institutional customers. They also offer full-service technical departments and classroom training facilities.
 -0- 6/30/93
 /CONTACT: Nathan Morton, chairman and CEO, or Mervyn Benjet, executive vice president and CFO, 214-406-4700, both of CompUSA/
 (CPU)


CO: CompUSA, Inc. ST: Texas IN: CPR SU: ERN

RA-XX -- AT001 -- 7008 06/30/93 08:53 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
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