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HECHINGER COMPANY ANNOUNCES APRIL SALES

 HECHINGER COMPANY ANNOUNCES APRIL SALES
 LANDOVER, Md., May 7 /PRNewswire/ -- Hechinger Company


(NASDAQ-NMS: HECHA, HECHB) today released monthly sales for April 1992 of $171.6 million, which represent a 12 percent increase from April 1991 sales of $152.8 million. Sales for the first quarter increased 13 percent to $440.4 million from $391.4 million last year. Comparable store sales were up 7 percent for April and for the first quarter.
 John Hechinger Jr., president and chief executive officer of the company, said, "Despite recent improvement in our sales performance we expect our first quarter earnings to be below last year's first quarter." Hechinger attributed these results to lower margins within the Hechinger division as a result of more aggressive pricing.
 Hechinger Company is a leading specialty retailer, currently operating 117 do-it-yourself home centers. The company serves the growing home improvement industry through its three divisions: Hechinger, Home Quarters Warehouse and Triangle Building Centers.
 -0- 5/7/92
 /CONTACT: Lennie Zallar, vice president and treasurer, Hechinger, 301-925-3170/
 (HECH) CO: Hechinger Company ST: Maryland IN: RET SU:


TW -- DC022 -- 7719 05/07/92 14:42 EDT
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Publication:PR Newswire
Date:May 7, 1992
Words:186
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