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R.G. BARRY CORPORATION SHRINKS FIRST HALF SEASONAL LOSS

 PICKERINGTON, Ohio, Aug. 4 /PRNewswire/ -- R.G. Barry Corporation (AMEX: RGB) reported a smaller first-half seasonal loss with sales slightly lower from the year-earlier period. The footwear firm had a first-half loss of $3.3 million, equivalent to 88 cents a share, compared to $3.6 million, or 97 cents a share, last year. Sales for the half were $19.9 million compared to $20.5 million in the year-earlier period.
 The second quarter loss was $2.1 million, equivalent to 57 cents a share, compared to $2.3 million, or 61 cents a share in the second quarter last year. Sales for the quarter were $8.7 million compared to $8.8 million in the year earlier period.
 First half results are weak historically. R.G. Barry's business is highly seasonal, with most sales and earnings generated in the last half of the year.
 "Sales were as expected due to the current stagnant economy and we are pleased with shrinking the first half seasonal loss as a result of continued internal operating improvements. We are moving ahead with confidence and expect 1993 to be a good year," said Gordon Zacks, chairman and president.
 R.G. Barry Corporation manufactures and markets soft washable slippers and footwear for at-home and around-the-home wear. Principal U.S. channels of distribution are major department stores, promotional department stores, national chains, national discounters and women's specialty stores. In addition, the company exports its products to retailers in Canada, the United Kingdom and major European markets.
 R.G. BARRY CORPORATION
 CONSOLIDATED QUARTERLY REPORT
 2nd Quarter and Six Months 1993 & 1992
 (in thousands, except Earnings Per Share)
 2ND QUARTER FIRST HALF
 13 Weeks 13 Weeks 25 Weeks 26 Weeks
 June 26, June 27, June 26, June 27,
 1993 1992 1993 1992
 Net Sales $ 8,737 $ 8,805 $19,895 $20,498
 Net Earnings (Loss)
 Before Income Taxes $(3,362) $(3,704) $(5,208) $(5,875)
 Income Taxes $(1,229) $(1,407) $(1,894) $(2,232)
 Net Earnings (Loss) $(2,133) $(2,297) $(3,314) $(3,643)
 Earnings (Loss) per
 Share $ (0.57) $ (0.61) $ (0.88) $ (0.97)
 Average Number of
 Shares Outstanding 3,754 3,764 3,753 3,763
 These interim financial statements are unaudited. All adjustments have been made, which in the opinion of management, are necessary to fairly present the results of operations for the period.
 -0- 8/4/93
 /CONTACT: Dennis Drummond (media), vice president, communications, or Richard L. Burrell (investors), senior vice president, finance, both of R.G. Barry Corporation, 614-864-6400/
 (RGB)


CO: R.G. Barry Corporation ST: Ohio IN: HOU SU: ERN

AR -- CL015 -- 9478 08/04/93 15:23 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
Words:441
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