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DART GROUP ANNOUNCES EARNINGS

 LANDOVER, Md., June 15 /PRNewswire/ -- Herbert H. Haft, chairman of Dart Group Corporation (NASDAQ: DARTA), announced net income for the quarter ended April 30, 1993 was $550,000 or $.24 per share compared to $3,514,000 or $1.92 per share for the same period last year. Dart's net income for the quarter ended April 30, 1992 was restated to recognize the cumulative effect of Trak Auto's adopting Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes, effective Feb. 2, 1992 in the amount of $1,135,000 net of minority interests.
 Revenue for the quarter increased to $320,211,000 from $300,413,000 for the same period last year.
 Dart owns approximately 51 percent of Crown Books, 66 percent of Trak Auto, 50 percent of Shoppers Food Warehouse, and 100 percent of Dart Group Financial, Cabot-Morgan Real Estate Company and Total Beverage.
 Trak Auto operates 320 auto parts stores in the Washington, D.C.; Richmond, Va.; Chicago; and Los Angeles metropolitan areas. Crown Books operates 248 book stores in the Washington, D.C. area; California; Houston; Chicago; and Seattle. Shoppers Food Warehouse operates 35 stores in the Washington, D.C. metropolitan area. Cabot-Morgan has interests in shopping centers in the Washington, D.C. metropolitan area. Dart Group Financial buys and holds bankers' acceptances. Total Beverage operates one beverage super store in the Washington, D.C. metropolitan area.
 DART GROUP CORPORATION AND SUBSIDIARIES
 Three months ended April 30, 1993 1992
 Revenue $320,211,000 $300,413,000
 Inc. bef. cumulative effect
 of Trak Auto's change in
 accounting principle, net of
 minority interest 550,000 2,379,000
 Cumulative effect of Trak Auto's
 change in accounting principle,
 net of minority interest -- 1,135,000
 Net income $ 550,000 $ 3,514,000
 Earnings per share:
 Inc. bef. cumulative effect
 of Trak Auto's change in
 accounting principle, net of
 minority interest $ .24 $ 1.30
 Cumulative effect of Trak Auto's
 change in accounting principle,
 net of minority interest -- .62
 Net income $ .24 $ 1.92
 Wtd. avg. shares outstg. 1,866,000 1,835,000
 -0- 6/15/93
 /CONTACT: Stanley Rubenstein of Dart Group, 212-986-6108/
 (DARTA)


CO: Dart Group Corporation ST: Maryland IN: REA SU: ERN

SM-SH -- NY070 -- 2221 06/15/93 14:40 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:375
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