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SOFTWARE ETC. STORES REPORTS SECOND QUARTER RESULTS

 SOFTWARE ETC. STORES REPORTS SECOND QUARTER RESULTS
 MINNEAPOLIS, Aug. 18 /PRNewswire/ -- Software Etc. Stores, Inc.


(NASDAQ: SFWR), one of the nation's leading specialty retailers of home PC software and video game software, today reported its results for the second quarter ended Aug. 1, 1992.
 Revenues in the second quarter were $36.1 million, up 13 percent from $31.9 million a year ago. The net loss for the quarter, before the extraordinary item, was $624,000 or $.09 per share, compared with a loss of $624,000 or $.19 per share, for the same quarter last year.
 Comparable store sales were up 8 percent from the same period a year ago. "We're pleased with our 8 percent comparable store growth, considering this increase is on top of a 30 percent comp store increase for the same period last year," said President and CEO Dan DeMatteo. He said that the company benefited from strong video game sales, fueled by the continued strengthening of consumer response to the 16-bit systems of Nintendo and Sega.
 During the second quarter May 3 - Aug. 1, 1992, Software Etc. opened 15 new stores, relocated 3 stores and closed 2 stores. At the quarter- end, Software Etc. operated 245 stores in 38 states and the District of Columbia.
 SOFTWARE ETC. STORES, INC.
 STATEMENT OF EARNINGS
 (Unaudited)
 (In thousands, except per-share data)
 Three Months Ended Six Months Ended
 8/1/92 8/3/91 8/1/92 8/3/91
 Net sales $36,100 $31,913 $76,869 $66,393
 Cost of sales 23,944 20,849 51,011 43,084
 Gross margin 12,156 11,064 25,858 23,309
 Store operating expense 10,516 9,295 20,365 18,847
 General & administrative
 expense 1,893 1,796 3,766 3,743
 Store closing expense 102 165 346 180
 Operating income (355) (192) 1,381 539
 Interest expense, net 612 909 1,497 1,917
 Income (loss) before
 income taxes (967) (1,101) (116) (1,378)
 Income tax benefit (343) (477) (7) (597)
 Income (loss) before
 extraordinary item (624) (624) (109) (781)
 Extraordinary item: tax
 provision for net
 operating loss carryforwards (328) (418) (39) (523)
 Net income (loss) $(952) $(1,042) $(148) $(1,304)
 Preferred stock dividends
 and redemption premium -- (223) (318) (447)
 Net income (loss)
 applicable to common
 stockholders $(952) $(1,265) $(466) $(1,751)
 Income (loss) per share
 before extraordinary item $(.09) $(.19) $(.07) $(.28)
 Extraordinary item (.05) (.09) (.01) (.11)
 Net income (loss) per
 common share $(.14) $(.28) $(.08) $(.39)
 Weighted average shares
 used in per-share
 calculation 6,995 4,453 5,838 4,453
 Software Etc.'s 245 stores, located in major malls across the United States, stock broad assortments of home personal computer software, supplies and accessories, video game software and systems, and computer books.
 -0- 8/18/92
 /CONTACT: Dan DeMatteo, 612-893-7241, or Bob Strawman, 612-893-7622, both of Software Etc. Stores/
 (SFWR) CO: Software Etc. Stores, Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN003 -- 0902 08/18/92 11:11 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Aug 18, 1992
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