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R.G. BARRY POSTS CONTINUED EARNINGS IMPROVEMENT IN THIRD QUARTER

 PICKERINGTON, Ohio, Oct. 21 /PRNewswire/ -- R.G. Barry Corporation (AMEX: RGB) reports continued improvement in earnings in the third quarter with sales slightly lower from the year-earlier period.
 Net income for the third quarter ended Sept. 25, 1993, was $2,039,000, equivalent to 54 cents a share, up from $1,887,000, or 50 cents a share in the same period last year. Sales for the quarter were $29.4 million against $30.7 million a year earlier.
 For the first three quarters this year, the company had a net loss of $1,275,000, equivalent to 34 cents a share, an improvement over the nine month net loss of $1,756,000, or 47 cents a share reported last year. Sales for the nine months were $49.3 million compared to $51.2 million in the same period last year. R.G. Barry's business is highly seasonal with most earnings generated in the last quarter of the year.
 "Our profit performance continues to improve as a result of internal operating improvements. Initial reports of Fall product sell-through at retail are encouraging. We expect 1993 to be a good year," said Gordon Zacks, chairman and president.
 R.G. Barry Corporation (AMEX: RGB) manufactures and markets soft washable slippers and footwear for at home and around the home wear. Principal channels of distribution are major department stores, promotional department stores, national chains, national discounters and women's specialty stores. The company also exports its products to retailers in Canada, the United Kingdom and major European markets.
 R.G. BARRY CORPORATION CONSOLIDATED QUARTERLY REPORT
 Third Quarter and First Three Quarters 1993 & 1992
 (in thousands, except earnings per share)
 THIRD QUARTER FIRST THREE QUARTERS
 Thirty-Eight Thirty-Nine
 Thirteen Weeks Ended Weeks Ended Weeks Ended
 Sept. 25, Sept. 26, Sept. 25, Sept. 26,
 1993 1992 1993 1992
 Net sales $29,412 $30,759 $49,307 $51,257
 Income (loss)
 before income
 tax (benefit) 3,199 3,042 (2,009) (2,833)
 Income tax (benefit) 1,160 1,155 (734) (1,077)
 Net income (loss) $ 2,039 $ 1,887 $(1,275) $(1,756)
 Net income (loss)
 per share $ 0.54 $ 0.50 $ (0.34) $ (0.47)
 Average number of
 shares outstanding 3,775 3,771 3,761 3,766
 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- 10/21/93
 /CONTACT: Dennis Drummond (media), vice president communications, or Richard L. Burrell (investors), senior vice president, finance, of R.G. Barry Corporation, 614-864-6400/
 (RGB)


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

BM-SM -- CL027 -- 5331 10/21/93 14:30 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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