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ODD'S-N-END'S REPORTS 3RD QUARTER LOSS

 BUFFALO, N.Y., Dec. 3 /PRNewswire/ -- Odd's-n-End's, Inc. (NASDAQ: ODDE), a Buffalo-based close out retailer today reported record sales and a loss for the third quarter ended Oct. 31, 1993. Sales rose 27 percent to $8,341,000 compared to $6,543,000 during the third quarter of 1992. The company incurred a loss of $163,000 or $.03 per share (primary and fully diluted) compared to net income of $133,000 or $.03 per share (primary and fully diluted) for the comparable prior period. Comparable same store sales (stores open more than two years, after taking into consideration expanded stores) decreased 0.73 percent for the quarter and increased 1.06 percent for the nine months ended Oct. 31, 1993.
 During the first nine months of 1993, sales rose 36 percent to $21,887,000 compared to $16,072,000 for the first nine months of 1992. The company incurred a net loss of $621,000 for the nine months ended Oct. 31, 1993, compared to net income of $304,000 for the comparable period in 1992.
 As previously reported, the company opened two additional store locations during the third quarter. In addition, two stores were expanded or relocated. Two temporary warehouse clearance locations were also opened in October and November 1993. The company continues its policy of expensing new store opening costs in the month in which a store opens.
 The company has now completed the initial expansion phase of its two- year operating plan. Management has now committed its focus to cost containment, creating greater operating efficiencies and increasing same- store sales.
 ODD'S-N-END'S, INC.
 3-months ended 9-months ended
 10/31/93 10/31/92 10/31/93 10/31/92
 Sales $8,341,000 $6,543,000 $21,887,000 $16,072,000
 Net Income (Loss) ($163,000) $133,000 ($621,000) $304,000
 Primary Earnings
 Per Share ($0.03) $0.03 ($0.13) $0.06
 Fully Diluted
 Earnings Per Share ($0.03) $0.03 ($0.13) $0.06
 Weighted Average
 Shares:
 Primary 4,960,251 5,056,977 4,961,868 5,066,597
 Fully Diluted 4,960,251 5,066,597 4,961,868 5,066,597
 -0- 12/3/93
 /CONTACT: John H. Clark, president & CEO, of Odd's-n-End's, Inc., 716-874-9004/
 (ODDE)


CO: Odd's-n-End's, Inc. ST: New York IN: REA SU: ERN

AR-TJ -- CL011 -- 0281 12/03/93 14:29 EST
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Publication:PR Newswire
Date:Dec 3, 1993
Words:396
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