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ROWE FURNITURE CORPORATION ANNOUNCES RECORD SHIPMENTS AND INCREASE IN EARNINGS FORECAST FOR FOURTH QUARTER

 ARLINGTON, Va., Dec. 9 /PRNewswire/ -- G.M. Birnbach, chairman of the board and president of Rowe Furniture Corporation (AMEX: ROW), announced today that the company anticipates record shipments of approximately $26.8 million for the fourth quarter which ended Nov. 28, 1993, versus $20.7 million for comparable 1992 quarter. The year-to-year quarterly increase in shipments is expected to approximate 30 percent.
 Birnbach also noted that net income for the quarter has been revised upward to equal or exceed $0.35 per share versus $0.19 per share for the comparable 1992 quarter.
 Net income for the fourth quarter and total year is expected to establish new records for the corporation.
 Per share earnings are adjusted for two three-for-two stock splits; one paid Jan. 15, 1993, and one paid Oct. 5, 1993.
 -0- 12/9/93
 /CONTACT: G. M. Birnbach, chairman of the board and president, of Rowe Furniture, 703-413-6050/
 (ROW)


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

MM -- CH006 -- 2287 12/09/93 15:08 EST
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Publication:PR Newswire
Date:Dec 9, 1993
Words:170
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