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FORSCHNER GROUP REPORTS RECORD REVENUE AND INCOME GAINS

 FORSCHNER GROUP REPORTS RECORD REVENUE AND INCOME GAINS
 SHELTON, Conn., April 30 /PRNewswire/ -- The Forschner Group, Inc. (NASDAQ: FSNR) today reported record revenues for the first quarter ended March 31 of $13.6 million, a 21 percent increase over the sale period a year ago, and net income of $459,000 compared to $25,000 in the first quarter of 1991. Earnings per share for the quarter were $.10 versus $.01 for the comparable period a year ago.
 Forschner's Swiss Army Brand division led the company's strong revenue growth. Original Swiss Army Knives continued to sell at an accelerated pace, and the expanded line of Swiss Army Brand Watches made significant inroads into department and jewelry stores possible.
 Forschner also announced the favorable decision of the Federal District Court in El Paso, Texas, in its trademark lawsuit against Benny Frank Enterprises, Inc. Benny Frank was enjoined from using certain of Forschner's secondary trademarks on connection with the sale of knives. In addition, the court dismissed all of Benny Frank's counterclaims.
 Forschner is the exclusive United States marketer of Victorinox Original Swiss Army Knives and professional cutlery products from Switzerland and other countries. Forschner also markets and distributes other high quality Swiss-made consumer products.
 THE FORSCHNER GROUP, INC. AND SUBSIDIARIES
 (000's Omitted Except Per Share Amounts - Unaudited)
 Three months ended March 31 1992 1991
 Net sales $13,563 $11,187
 Cost of sales 8,315 7,396
 Gross profit 5,248 3,791
 S,G&A expense 4,338 3,737
 Operating income 910 54
 Interest (expense) (131) (51)
 Interest income 27 8
 Other income (expense), net 17 37
 Total interest & other
 income (expense), net (87) (6)
 Income before income taxes 823 48
 Income tax provision 364 23
 Net income $459 $25
 Net income per share $0.10 $0.01
 Weighted Average
 Number of Shares outstanding 4,817 4,238
 -0- 4/30/92
 /CONTACT: Karen Brenner of Forschner, 212-371-1400/
 (FSNR) CO: Forschner Group, Inc. ST: Connecticut IN: HOU SU: ERN


PS-SM -- NY111 -- 5199 04/30/92 17:34 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
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