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R.G. BARRY CUTS NORMAL FIRST HALF SEASONAL LOSS BY 34 PERCENT AS RESTRUCTURING ACTIONS CONTINUE TO TAKE HOLD

 R.G. BARRY CUTS NORMAL FIST HALF SEASONAL LOSS BY 34 PERCENT
 AS RESTRUCTURING ACTIONS CONTINUE TO TAKE HOLD
 PICKERINGTON, Ohio, Aug. 5 /PRNewswire/ -- R.G. Barry Corporation (AMEX: RGB) reports that the footwear firm's first half seasonal loss was cut by 34 percent against the same period last year.
 The first half's after tax loss was $3,643,000, or 97 cents a share, against $5,522,000, or $1.44 a share, in 91's first half. For the second quarter ended June 27, 1992 the company had an after tax loss of $2,297,000, or 61 cents a share against $3,389,000, or 88 cents a share, for the similar period last year.
 Gross profit for the second quarter was $3,739,000 compared to $2,647,000 a year earlier, a gain of 41 percent. Gross profit for the half was $9,442,000 compared to $6,622,000 a year earlier, a gain of 30 percent.
 Sales of the second quarter were $8,805,000 against $10,492,000, down 16 percent against the previous year. Sales declines in the quarter were due to a general softness at retail as a result of the economy. For the half, sales were $20,498,000 against $21,588,000, down 5 percent from a year earlier.
 Historically, first half results are weak and the company operates at a loss due to the seasonal nature of the business. However, the 34 percent loss reduction for the half confirms that prior restructuring actions were correct and are yielding significant cost and expense reductions.
 "A solid upward trend started in the fourth quarter of 1991 with records in both pretax and after tax earnings. We have put together nine consecutive months of on-plan or ahead-of-plan performance and expect continued improvement on a quarter by quarter basis. We have started the second half with a strong open order position compared to this same time last year and are confident that 1992 will be a profitable year," said Gordon Zacks, president and chairman of the board.
 R.G. BARRY CORPORATION
 CONSOLIDATED QUARTERLY REPORT
 2nd Quarter and 6 Months - 1992 & 1991
 (In thousands, except Earnings Per Share)
 2ND QUARTER
 13 Weeks 13 Weeks Percent
 6/27/92 6/22/91 Change
 Net Sales $8,805 $10,492 (16.1)
 Net Earnings (Loss) Before
 Income Taxes ($3,704) ($5,470) 32.3
 Income Taxes ($1,407) ($2,081) 32.4
 Net Earnings (Loss) ($2,297) ($3,389) 32.2
 Earnings (Loss) Per Share ($0.61) ($0.88) 30.7
 Average Number of Shares
 Outstanding 3,764 3,825
 FIRST HALF
 26 Weeks 25 Weeks Percent
 6/27/92 6/22/91 Change
 Net Sales $20,498 $21,588 (5.0)
 Net Earnings (Loss) Before
 Income Taxes ($5,875) ($8,912) 34.1
 Income Taxes ($2,232) ($3,390) 34.2
 Net Earnings (Loss) ($3,643) ($5,522) 34.0
 Earnings (Loss) Per Share ($0.97) ($1.44) 32.9
 Average Number of Shares
 Outstanding 3,763 3,825
 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- 8/5/92 R
 /CONTACT: Dennis Drummond (media), vice president, communications; or Richard L. Burrell (financial), senior vice president, finance, both of R.G. Barry Corporation, 614-864-6400/
 (RGB) CO: R.G. Barry ST: Ohio IN: REA SU: ERN


BM -- CL004 -- 7026 08/05/92 10:45 EDT
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Date:Aug 5, 1992
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