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JUST TOYS REPORTS RECORD FIRST QUARTER SALES AND EARNINGS

 NEW YORK, May 12 /PRNewswire/ -- Just Toys, Inc. (NASDAQ-NMS: JUST), today reported record sales and earnings for the first quarter ended March 31, 1993.
 Net sales for the first quarter rose to $8,496,000 from $3,574,000 in the same period last year, an increase of 137.7 percent. Net income for the first quarter increased by 88.4 percent to $407,000 compared to $216,000 in the prior year period. Earnings per share were $0.13 on 3,063,000 shares outstanding in the first quarter of 1993, and $0.11 on 2,000,000 shares outstanding in the same period last year.
 According to Just Toys Chairman and CEO Allan Rigberg, the company's performance was due to "excellent sell-through of our basic goods as well as our newer products including the Super Tuff(TM) Mini-Shots(TM) line of foam dart launchers and the Beauty and the Beast Talk 'N View Magic Mirror(TM).
 "With clean inventories on many of our product lines," stated Rigberg, "retailers re-ordered to replenish their merchandise."
 NOTE: Super Tuff, Mini-Shots, and Talk 'N View Magic Mirror are all trademarks of Just Toys, Inc.
 JUST TOYS, INC.
 Condensed Consolidated Statement of Operations
 (Unaudited; in thousands except per share figures)
 Three months ended March 31 1993 1992
 Net sales $8,496 $3,574
 Operating income 653 424
 Pro forma net income $ 407 $ 216
 Earnings per share (A) $ 0.13 $ 0.11
 Weighted average common shares
 outstanding 3,063 2,000
 (A) -- Earnings per share based on the weighted average number of shares outstanding during each period include common stock equivalents when dilutive, as if such shares were outstanding for all periods. Primary and fully diluted earnings per share at March 31, 1993, are the same.
 -0- 5/12/93
 /CONTACT: Barry Schwartz of Schwartz Public Relations Associates, 212-677-8700, for Just Toys; or Allan Rigberg, chairman and CEO, 212-645-6335, or Roger or Geoffrey Gimbel, 212-563-9814, all of Just Toys/
 (JUST)


CO: Just Toys, Inc. ST: New York IN: HOU SU: ERN

WB-GK -- NY103 -- 7775 05/12/93 17:13 EDT
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Publication:PR Newswire
Date:May 12, 1993
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