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ROWE FURNITURE CORPORATION ANNOUNCES EARNINGS

 ARLINGTON, Va., Jan. 3 /PRNewswire/ -- Rowe Furniture Corporation (AMEX: ROW) today released the following earnings report:
 ROWE FURNITURE CORPORATION
 Fourth Quarter Nov. 28, 1993 Nov. 29, 1992
 Net Shipments $26,828,000 $20,656,000
 Net Income 2,242,000 1,131,000
 Share Earnings (Primary):
 Net Income $0.36 $0.20
 Share Earnings (Fully Diluted):
 Net Income $0.35 $0.20
 Twelve Months
 Net Shipments $88,961,000 $73,488,000
 Income 4,600,000 1,405,000
 Accounting Adjustment (A) 490,000 ---
 Net Income 5,090,000 1,405,000
 Share Earnings (Primary):
 Income $0.76 $0.24
 Net Income $0.84 $0.24
 Share Earnings (Fully Diluted):
 Income $0.73 $0.24
 Net Income $0.81 $0.24
 (A) Cumulative effect of an accounting change for income taxes.
 Per share earnings are adjusted for two three-for-two stock splits; one paid Jan. 15, 1993, and one paid Oct. 5, 1993. Per share earnings do not reflect a three-for-two stock split declared on Dec. 16, 1993, payable Jan. 18, 1994.
 -0- 1/3/94
 /CONTACT: G.M. Birnbach, chairman of the board and president, Rowe Furniture, 703-413-6050/
 (ROW)


CO: Rowe Furniture Corporation ST: Virginia IN: REA SU: ERN

CM -- CH002 -- 8440 01/03/94 10:15 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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