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HUFFMAN KOOS REPORTS RESULTS

 RIVER EDGE, N.J., Dec. 8 /PRNewswire/ -- Huffman Koos Inc. (NASDAQ: HUFK) announced today that reported sales for the third quarter ended Oct. 31, 1993 of $22,927,000 versus $21,243,000 in the prior year, an increase of 7.9 percent.
 Net income for the quarter was $437,000 or $0.11 per share as opposed to $603,000 or $0.15 per share in the prior year. The slight decrease in profit was caused by lower gross margins due to a warehouse sale which fell in the third quarter this year and the fourth quarter last year.
 For the nine months ended Oct. 31, 1993 net income increased to $1,029,000 or $0.26 per share versus $5,000 or $0.00 per share in the prior year. Sales increased 11.4 percent of $67,502,000 versus $60,583,000 in the prior year. Same store sales increased 6.9 percent.
 The continued strength in same store sales and the initial customer response to our newest store located in Wall Township which opened in late November is very encouraging. Management is optimistic about the balance of the year.
 Huffman Koos Inc. is a full service retailer of high quality furniture and accessories, which presently operates twelve stores in the New Jersey/New York area.
 -0- 12/8/93
 /CONTACT: Joseph Albanese, 201-343-4300, Huffman Koos Inc./
 (HUFK)


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

WB -- NY075 -- 1812 12/08/93 13:43 EST
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Publication:PR Newswire
Date:Dec 8, 1993
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