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HI/LO AUTOMOTIVE ANNOUNCES FIRST QUARTER RESULTS

 HOUSTON, April 16 /PRNewswire/ -- Hi-Lo Automotive, Inc. (NYSE: HLO) today reported the company's first quarter earnings for the period ended March 31, 1993.
 Net sales for the first quarter increased 10.7 percent to $45,226,000 from $40,838,000 for the same period a year ago. Same store sales increased 1.5 percent over the same period last year. Net income for the quarter was $1,606,000, up 11.6 percent compared to $1,439,000 in the first quarter of 1992. Earnings per share for the quarter were $.16 compared to $.15 last year.
 During the first quarter of 1993, Hi/LO opened two stores, one in Dallas and one in South Texas. The company plans to open 16-20 additional stores in 1993.
 Hi-Lo Automotive, Inc. sells automotive parts, products and accessories to retail and commercial customers through its 131 stores in Texas and Louisiana.
 -0- 4/16/93
 /CONTACT: Gary D. Walther, Chief Financial Officer, Hi-Lo Automotive, Inc., 713-991-6052/
 (HLO)


CO: Hi-Lo Automotive, Inc. ST: Texas IN: AUT SU: ERN

SB -- CH001 -- 6612 04/16/93 09:02 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:184
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