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KIDDIE PRODUCTS REPORTS SIX MONTHS SALES AND EARNINGS

 AVON, Mass., Aug. 12 /PRNewswire/ -- Kiddie Products, Inc. (OTC) reported sales for the first six months of 1993 were $24,156,559 as compared to $23,554,619 for the similar period last year. Net income was $684,312 as compared to $1,175,928 for the first six months of 1992. Earnings per share, based on the average number of shares outstanding during each period (2,248,260 in 1993 and 1992) were 30 cents for the first six months of 1993 and 52 cents for the similar period last year. Earnings per share and average number of shares for the six months ended June 30, 1992 have been adjusted to reflect the three-for-one stock split which was effected on Dec. 15, 1992.
 Net sales for the first six months of 1993 increased 3 percent over 1992 sales because of new product introductions and increased distribution, particularly in Europe and Canada. These increases were partially offset by an unusually large shipment in 1992 for initial stocking of a major account's expanded program. To improve earnings, the company has taken actions and will continue to take actions to maximize productivity and reduce operating costs.
 KIDDIE PRODUCTS, INC.
 INTERIM OPERATING REPORT
 Six Months Ended
 June 30
 1993 1992
 Net Sales $24,156,559 $23,554,619
 Income before Taxes on Income 1,121,812 2,026,928
 Provision for Taxes on Income 437,500 851,000
 Net Income $684,312 $1,175,928
 Earnings per Share of Common
 Stock 30 cents 52 cents
 Average Number of Shares
 Outstanding 2,248,260 2,248,260
 Three Months Ended
 June 30
 1993 1992
 Net Sales $12,529,685 $11,734,524
 Income before Taxes
 on Income 566,113 950,382
 Provision for Taxes
 on Income 211,900 398,800
 Net Income $354,213 $551,582
 Earnings per Share of
 Common Stock 16 cents 25 cents
 Average Number of
 Shares Outstanding 2,248,260 2,248,260
 All share and per share amounts for the six months and three months ended June 30, 1992 have been adjusted to reflect the three-for-one split effected on Dec. 15, 1992.
 Kiddie Products, Inc. is a leading marketer of products for infants and toddlers which appear under The First Years brand name.
 NOTE: Unaudited and subject to year-end adjustment.
 -0- 8/12/93
 /CONTACT: Benjamin Peltz, senior vice president and treasurer, Kiddie Products, 508-588-1220/


CO: Kiddie Products, Inc. ST: Massachusetts IN: REA SU: ERN

CM-DD -- NE006 -- 2322 08/12/93 17:33 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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