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CROWN BOOKS CORPORATION ANNOUNCES EARNINGS

 LANDOVER, Md., Sept. 14 /PRNewswire/ -- Glenn E. Hemmerle, president of Crown Books Corporation (NASDAQ: CRWN), today announced net income for the 13 weeks ended July 31, 1993 was $552,000 or 10 cents per share compared with $1,287,000 or 24 cents per share for the quarter ended July 31, 1992. Net income for the 26 weeks ended July 31, 1993 was $1,593,000 or 30 cents per share compared with $2,762,000 or 52 cents per share for the six months ended July 31, 1992.
 Sales for the 13 weeks increased 12.4 percent to $60,147,000 from $53,530,000 and 10.6 percent to $114,670,000 from $103,674,000 for the 26 weeks. These increases were primarily attributable to increased sales for Super Crown Books stores open less than 15 months. Sales for the stores open more than 15 months decreased 1.7 percent for the 13 weeks and .5 percent for the 26 weeks ended July 31, 1993. Sales for Super Crown Books stores represented 34.2 percent and 32.2 percent for the 13 weeks and 26 weeks ended July 31, 1993 compared to 17.6 percent and 17.7 percent for the three and six months last year.
 Crown currently operates 242 book stores, including 45 Super Crown stores, in the Washington metropolitan area; California; Houston; Chicago; and Seattle, compared with 250 stores, including 18 Super Crown stores, in operation one year ago.
 CROWN BOOKS CORPORATION
 (In thousands, except earnings per share)
 Periods ended 13 Weeks 26 Weeks
 July 31 1993 1992 1993 1992
 Sales $60,147 $53,530 $114,670 $103,674
 Net income
 before taxes 801 2,082 2,565 4,462
 Net income 552 1,287 1,593 2,762
 Earnings per share $.10 $.24 $.30 $.52
 Weighted average
 shares outstanding 5,402 5,265 5,395 5,262
 -0- 9/14/93
 /CONTACT: Stanley Rubenstein for Crown Books, 212-297-6108/
 (CRWN)


CO: Crown Books Corporation ST: Maryland IN: PUB SU: ERN

TS-SM -- NY054 -- 1790 09/14/93 13:18 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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