R & B, INC. ANNOUNCES EARNINGS
R & B, INC. ANNOUNCES EARNINGS COLMAR, Pa., Nov. 12 /PRNewswire/ -- R & B, Inc. (NASDAQ-NMS: RBIN)
today announced third quarter results.
R & B, INC. THIRD QUARTER EARNINGS INFORMATION 39 weeks ended Sept. 28, 1991 Sept. 29, 1990 Net sales $29,968,430 $28,226,117 Net income 3,076,732 3,061,791 Share earnings $.50 $.62 Average shares 6,196,154 4,950,000 Net sales for the first nine months of 1991 increased 6.2 percent from the same period in 1990 with net income approximately the same. Increases of 36.8 percent and 44.1 percent in the capital stock and corporate net income taxes in Pennsylvania in the third quarter retroactive to the beginning of the year were the major cost increases in the current nine-month period, the company said. /delval/ -0- 11/12/91 /CONTACT: Bob Gollon of R & B, Inc., 215-997-1800/ (RBIN) CO: R & B, Inc. ST: Pennsylvania IN: SU: ERN JS-MK -- PH036 -- 3575 11/12/91 15:41 EST
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|Date:||Nov 12, 1991|
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