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ROWE FURNITURE FORECASTS HIGHER SHIPMENTS AND EARNINGS FOR THIRD QUARTER 1993

 ARLINGTON, Va., Aug. 18 /PRNewswire/ -- Gerald M. Birnbach, chairman of the board and president of Rowe Furniture Corporation (AMEX: ROW), announced today that net shipments for the third quarter ending Aug. 30, 1993, are expected to exceed $20.5 million. In the comparable 1992 quarter, net shipments totaled $18.1 million.
 Earnings per share for the third quarter of 1993 are estimated to be 18 cents-19 cents per share vs. 7 cents per share in the comparable 1992 quarter. Earnings per share reflect a three-for-two stock split paid on Jan. 15, 1993.
 Birnbach also noted that the company is extremely pleased with the success of new product introductions, the addition of a significant number of new accounts and the continuation of positive year-to-year growth in incoming orders. These accomplishments are begin realized in a slow growth environment thereby resulting in further gains in market share for the company.
 -0- 8/18/93
 /CONTACT: Gerald M. Birnbach of Rowe Furniture Corporation, 703-413-6050/
 (ROW)


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

TW -- DC002 -- 3773 08/18/93 08:45 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:179
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