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CROWN BOOKS ANNOUNCES EARNINGS

 CROWN BOOKS ANNOUNCES EARNINGS
 LANDOVER, Md., June 10 /PRNewswire/ -- Robert M. Haft, president and


chairman of the board of directors of Crown Books Corporation (NASDAQ: CRWN), today announced net income for the three months ended April 30, 1992 was $1,475,000 or $.28 per share compared to $1,624,000 or $.31 per share in the previous year.
 Sales for the three months increased 7.7 percent to $50,144,000 from $46,553,000. For stores open more than one year, sales increased 6.2 percent for the three months.
 Since Jan. 31, 1992, Crown has converted one classic Crown store to a Super Crown and has closed three classic Crown stores.
 Crown currently operates 251 stores in the Washington, D.C. metropolitan area; California; Houston, Texas; Chicago, Ill. and Seattle, Wash. compared with 254 stores in operation one year ago.
 CROWN BOOKS CORPORATION
 Three months ended April 30 1992 1991
 Sales $50,144,000 $46,553,000
 Income before income taxes 2,380,000 2,568,000
 Net income 1,475,000 1,624,000
 Earnings per share .28 .31
 Weighted average shares outstanding 5,258,000 5,247,000
 -0- 6/10/92
 /CONTACT: Stanley Rubenstein for Crown Books, 212-297-6108/
 (CRWN) CO: Crown Books Corporation ST: Maryland IN: REA SU: ERN


TQ-OS -- NY060 -- 8934 06/10/92 16:00 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 10, 1992
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