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ODD'S-N-END'S 4TH QUARTER EARNINGS INCREASED 41 PERCENT

 BUFFALO, N.Y., April 8 /PRNewswire/ -- ODD'S-n-END'S, Inc. (NASDAQ: ODDE), a Buffalo based close out retailer, today reported record sales and profit for the fourth quarter and year ended Jan. 31, 1993. During the fourth quarter, sales rose 61 percent to $9,599,000 compared to $5,978,000 during the fourth quarter of 1992 and net income increased 41 percent to $537,000 or $.11 per share (primary and fully diluted) compared to $382,000 or $.14 per primary share ($.12 per fully diluted share) for the fourth quarter of 1992. The company issued an additional 1,785,000 shares in an initial public offering in January 1992 and has a total of 4,957,750 shares outstanding.
 During the fiscal year ended Jan. 31, 1993, sales rose 57 percent to $25,671,000 compared to $16,319,000 for the prior year. Net income increased 26 percent to $841,000 or $.17 per share (primary and fully diluted) compared to $668,000 or $.24 per primary share and $.22 per fully diluted share for the prior year.
 Commenting on the company's performance, President and CEO John H. Clark stated, "The past year was a milestone for the company. We relocated our corporate offices and warehouse and increased the number of stores by 57 percent while experiencing an increase in net income of 26 percent over last year. Considering the substantial startup expenses associated with that activity, we are very pleased with the results."
 During the past year, the company opened nineteen new stores, and remodeled and expanded three others, while closing two of its existing stores. The company ended the year with forty-seven stores in operation, a net increase of seventeen stores over those in operation as of Jan. 31, 1992. During the year the aggregate square footage of the company's stores increased by 85 percent and, as a result, at Jan. 31, 1993, total square footage was 377,000 and average store size increased 1,200 square feet over the prior year to 8,000 square feet.
 Clark further announced that sales for the first quarter ending April 30, 1993, while they will be at record levels, will nevertheless be disappointing as they were severely impacted by the adverse weather conditions experienced in the western and central New York areas during February and March. Consequently the company anticipates a loss for the quarter compared to net income of $43,000 for the quarter ended April 30, 1992.
 -0- 4/8/93
 /CONTACT: John H. Clark, president and CEO, ODD'S-n-END'S, Inc., 716-874-9004/
 (ODDE)


CO: ODD'S-n-END'S Inc. ST: New York IN: REA SU: ERN

BM -- CL016 -- 4212 04/08/93 11:56 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
Words:444
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