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HUFFMAN KOOS REPORTS RESULTS

 RIVER EDGE, N.J., March 29 /PRNewswire/ -- Huffman Koos, Inc. (NASDAQ: HUFK) a leading furniture retailer reported net profits of $2,894,000 or $.72 per share for the year ended January 1993, as opposed to a net profit of $347,000 or $.09 per share in the prior year. Net sales totaled $91,458,000 versus $82,863,000 in the same period last year.
 Net profit for the fourth quarter was $2,889,000 or $.72 per share, versus a net profit of $726,000 or $.18 per share in the prior year. Profits rose on an increase in net sales of 30 percent to $30,875,000 versus $23,780,000 in the prior year period. Comparable store sales increased 24.3 percent during the fourth quarter.
 Operating profits and sales were favorably impacted by the new Farmingdale, Long Island store which opened on Aug. 15, 1992 and the newly remodeled East Brunswick, N.J. store.
 Huffman Koos, Inc. is a full service retailer of high quality furniture and accessories which currently operates eight stores in New Jersey, one in Rockland County, N.Y., and two in Long Island, N.Y.
 -0- 3/29/93
 /CONTACT: Joseph Albanese, 201-343-4300, for Huffman Koos/
 (HUFK)


CO: Huffman Koos, Inc. ST: New Jersey IN: REA SU: ERN

SB -- NY077 -- 0590 03/29/93 14:05 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 29, 1993
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