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CROWN BOOKS ANNOUNCES EARNINGS

 CROWN BOOKS ANNOUNCES EARNINGS
 LANDOVER, Md., April 22 /PRNewswire/ -- Robert M. Haft, chairman of


Crown Books Corporation (NASDAQ: CRWN), today announced net income for the fiscal year ended Jan. 31, 1992, was $10,349,000 or $1.97 per share compared to $10,649,000 or $2.03 per share in the previous year. Net income for the three months ended Jan. 31, 1992, was $6,127,000 or $1.17 per share compared with $5,852,000 or $1.11 per share in the same period one year ago. The fiscal year ended Jan. 31, 1991, operating results included a pre-tax unusual item of $1,829,000 due to the gain from the disposition of shares in Bookstop, Inc. This year's comparable period includes no such gain.
 Sales for the year increased 5.5 percent to $232,484,000 from $220,304,000 and 6.0 percent to $82,608,000 from $77,958,000 for the quarter. For stores open more than one year, sales increased 5.3 percent for the 12 months and 5.3 percent for the three months ended Jan. 31, 1992.
 Crown currently operates 252 book stores in the Washington, D.C., metropolitan area; California; Houston; Chicago; and Seattle compared to 253 book stores in operation one year ago.
 CROWN BOOKS CORPORATION
 (In thousands except earnings per share)
 Periods ended Fiscal Year Quarter
 Jan. 31 1992 1991 1992 1991
 Sales $232,484 $220,304 $82,608 $77,958
 Income before unusual
 item and income taxes 16,692 15,661 9,929 9,861
 Unusual item -- 1,829 -- --
 Income before taxes 16,692 17,490 9,929 9,861
 Net income $ 10,349 $ 10,649 $ 6,127 $ 5,852
 Earnings per share $1.97 $2.03 $1.17 $1.11
 Weighted average shares
 outstanding 5,245 5,233 5,255 5,208
 -0- 4/22/92
 /CONTACT: Stanley Rubenstein, 212-297-6108, for Crown Books/
 (CRWN) CO: Crown Books Corporation ST: Maryland IN: REA SU: ERN


GK-SB -- NY077 -- 1490 04/22/92 17:16 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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