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SPORTSTOWN, INC. REPORTS FISCAL 1993 FIRST QUARTER RESULTS

 SPORTSTOWN, INC. REPORTS FISCAL 1993 FIRST QUARTER RESULTS
 ATLANTA, May 18 /PRNewswire/ -- SportsTown, Inc. (NASDAQ: SPTN) today reported record sales and net earnings for the first quarter of its current fiscal year.
 Net sales for the first quarter ended May 2, 1992, totaled $25.8 million, up 38.8 percent from $18.6 million in the year-earlier period. On a comparable store basis, net sales increased 30.4 percent compared to the first quarter last year. Net income for the quarter was $159,000, or $0.05 per share, compared to a loss of $499,000, or $0.16 per share, a year ago. Per share amounts assume conversion of preferred stock and related warrants from the date of issuance.
 Commenting on the results, Thomas K. Haas, chairman and chief executive officer, said, "We are particularly pleased by these numbers, since the first quarter is the most difficult for sporting goods retailers."
 SportsTown, Inc. completed its initial public offering in April 1992. SportsTown, Inc. currently operates 13 sporting goods megastores in the Atlanta, Dallas-Fort Worth and Houston metropolitan areas.
 SPORTSTOWN, INC.
 First Quarter Results
 (Amounts in thousands, except per-share amounts)
 (Unaudited)
 Statement of Operations Data Fiscal 1993 Fiscal 1992
 Net sales $25,835 $18,620
 Income (loss) before taxes 173 (499)
 Provision for taxes 14 ---
 Net income (loss) $ 159 $ (499)
 Net income (loss) per share $ 0.05 $ (0.16)
 Weighted average number of common and
 common equivalent shares outstanding,
 giving retroactive effect to the
 conversion of preferred stock and
 related warrants 3,339,169 3,063,384
 -0- 5/18/92
 /CONTACT: Gary Hansen, president of SportsTown, 404-246-5320/
 (SPTN) CO: SportsTown, Inc. ST: Georgia IN: REA SU: ERN


BN-EA -- AT005 -- 1250 05/18/92 10:58 EDT
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Publication:PR Newswire
Date:May 18, 1992
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