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STAGE II APPAREL REPORTS FIRST QUARTER RESULTS

 NEW YORK, May 14 /PRNewswire/ -- Stage II Apparel Corp. (AMEX: SA), one of the nation's largest distributors of popular priced brand-name men's and boys' casual apparel and activewear, today reported financial results for the first quarter ended March 31, 1993.
 Net income for the quarter was $294,000, or $.07 per share, on net sales of $17,096,000 compared with a net income of $811,000, or $.20 per share, on sales of $21,886,000 for the comparable quarter last year. Average number of shares outstanding increased to 4,117,000 in 1993 from 4,063,000 in 1992.
 Jack Clark, chairman of the board, commented that "in spite of the weak retail market for men's apparel, the company was able to generate a profit for its shareholders." He further stated that "the company is expanding its horizons via the recent purchase of an 80 percent stake in Woody Sports, a Canadian supplier of men's and boys' activewear under Canadian licenses with the CFL, Major League Baseball, the NHL and many U.S. colleges. Additionally, the company has recently acquired various licenses of Pilgrim Too Sportswear for boys' and girls' activewear and casual apparel, including major Disney and Disney Babies characters and scenes. The company has also signed a new licensing agreement for the Flintstones/NFL activewear." Mr. Clark believes that "these acquisitions will add annualized net sales of about $17 million."
 STAGE II APPAREL CORP.
 Condensed Statement of Income
 Three months ended March 31 1993 1992
 Net sales $17,096,000 $21,886,000
 Gross profit 4,019,000 5,789,000
 Income before income taxes 549,000 1,319,000
 Net income 294,000 811,000
 Weighted average number of
 common shares 4,117,000 4,063,000
 Earnings per share .07 .20
 -0- 5/14/93
 /CONTACT: Philip London, chief financial officer of Stage II Apparel Corp., 212-564-5865/
 (SA)


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

TS-OS -- NY024 -- 8619 05/14/93 12:01 EDT
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Publication:PR Newswire
Date:May 14, 1993
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