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EDISON BROTHERS REPORTS RECORD FIRST-QUARTER EARNINGS

 EDISON BROTHERS REPORTS RECORD FIRST-QUARTER EARNINGS
 ST. LOUIS, June 8 /PRNewswire/ -- Edison Brothers Stores, Inc.,


first quarter operating profits set a record and net income grew 10 percent, it was reported today by Andrew E. Newman, chairman, and Martin Sneider, president.
 Net income in the quarter ended May 2, 1992, reached $9.8 million, an increase of 10.1 percent over net income of $8.9 million in the quarter ended May 4, 1991. Income per share was 45 cents in the 1992 quarter, compared with 41 cents in the 1991 quarter.
 As previously reported, total sales for the first quarter of 1992 were $326.9 million, an increase of 9.0 percent over sales of $299.8 million in the first quarter of 1991. Sales in comparable stores were up moderately. Sales were strong during the important Easter selling period, especially in footwear.
 Sneider and Newman noted that the performances of Bakers/Leeds footwear and JW/Jeans West menswear, two of the company's largest and longest-established chains, exceeded expectations for the quarter.
 During the period Edison Brothers added 68 stores, including 39 Harry's clothing stores integrated into the Repp Ltd. men's big/tall/athletic chain. The company closed 28 stores, ending the period with 2,821 units in operation. For the full year Edison expects to open about 200 stores (excluding any further acquisitions) and close about 80.
 Edison Brothers Stores, Inc., operates JW/Jeans West, Coda, Oaktree, J. Riggings, Webster/Zeidler & Zeidler, and Repp Ltd. men's apparel stores; 5-7-9 Shops junior apparel stores and Spirale girls apparel stores; Joan Bari/Cabaret accessories boutiques; Bakers, Leeds, Precis, Wild Pair, Velocity, and Sacha London footwear stores; Time-Out and Space Port family entertainment centers; and Dave & Buster's restaurant/entertainment complexes.
 EDISON BROTHERS STORES, INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 13 Weeks Ended 13 Weeks Ended
 May 2, May 4,
 1992 1991
 (In millions, except per share data)
 Net Sales $ 326.9 $ 299.8
 Cost of goods sold, occupancy
 and buying expenses 208.6 189.0
 Store operating and administrative
 expenses 82.7 77.1
 Depreciation and amortization 15.5 14.9
 Interest expense, net 4.6 4.5
 Total 311.4 285.5
 Income before income taxes 15.5 14.3
 Provision for income taxes 5.7 5.4
 Net Income $ 9.8 $ 8.9
 Per Common Share:
 Net Income $ .45 $ .41
 Cash dividends paid $ .28 $ .26
 Weighted average common
 shares outstanding
 (in thousands) 21,642 21,412
 -0- 6/8/92
 /CONTACT: Lee G. Weeks of Edison Brothers Stores, 314-331-6531/
 (EBS) CO: Edison Brothers Stores Inc. ST: Missouri IN: REA SU: ERN


KD -- NY024 -- 7811 06/08/92 10:24 EDT
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Publication:PR Newswire
Date:Jun 8, 1992
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