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STAGE II APPAREL REPORTS 1992 AND FOURTH QUARTER RESULTS

 NEW YORK, March 17 /PRNewswire/ -- Stage II Apparel Corp. (AMEX: SA), one of the nation's largest distributors of popular priced brandname men and boys casual apparel and activewear, today reported net income for 1992 of $2,217,000 or $.55 per share on net sales of $75,524,000. The 1992 results compare favorably with 1991, when the company had net income of $867,000 or $.21 per share on net sales of $66,798,000. The 1992 results reflect improvements in gross margins and operating economies during the year. The per share data is based on average shares outstanding of 4,064,000 in both 1992 and 1991.
 Net income for the fourth quarter of 1992 was $324,000 or $.08 per share on net sales of $15,973,000 compared to net income of $216,000 or $.05 per share on sales of $16,850,000 for the fourth quarter of 1991.
 Jack Clark, chairman of the board, stated that the company's continued profitability in 1992, despite the sustained weakness in the retail apparel trade, reflects the strength of its brandname product lines and marketing strategy as well as improvements in its operating economies. He also noted that the company is exploring various ways to increase it's business through modest but compatible acquisitions and additional retail outlet stores.
 STAGE II APPAREL CORP.
 Condensed Statement of Income
 Periods ended Three Months Year
 Dec. 31 1992 1991 1992 1991
 (Unaudited)
 Net sales $15,973,000 $16,850,000 $75,524,000 $66,798,000
 Gross profit 3,477,000 3,662,000 18,630,000 15,268,000
 Income before
 income taxes 551,000 359,000 3,548,000 1,347,000
 Net income 324,000 216,000 2,217,000 867,000
 Weighted average
 number of
 common shares 4,064,000 4,063,000 4,064,000 4,064,000
 Earnings per share $.08 $.05 $.55 $.21
 -0- 3/17/93
 /CONTACT: Philip London, chief financial officer of Stage II, 212-564-5865/
 (SA)


CO: Stage II Apparel Corp. ST: New York IN: REA SU: ERN

LR-SM -- NY044 -- 7053 03/17/93 12:38 EST
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Publication:PR Newswire
Date:Mar 17, 1993
Words:354
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