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STAGE II APPAREL REPORTS SECOND QUARTER/HALF YEAR RESULTS

 STAGE II APPAREL REPORTS SECOND QUARTER/HALF YEAR RESULTS
 NEW YORK, Aug. 6 /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 second quarter and six months ended June 30, 1992.
 Net income for the six months was $926,000 or 23 cents per share on net sales of $37,731,000 compared to net income of $141,000 or 3 cents per share on sales of $29,532,000 for the comparable six months last year.
 Net income for the second quarter was $115,000 or 3 cents per share on net sales of $15,845,000 compared to net income of $8,000 or 0 cents per share on sales of $13,399,000 for the comparable quarter last year.
 Jack Clark, chairman of the board, expressed optimism concerning the future and stated that "the company's second quarter and half year profits are a big improvement over last year's results in spite of the continuing recessionary climate." He also stated that "the company will remain profitable for the remainder of 1992."
 STAGE II APPAREL CORP.
 Condensed Statement of Income (Unaudited)
 Periods ended Three Months Six Months
 June 30 1992 1991 1992 1991
 Net sales $15,845,000 $13,399,000 $37,731,000 $29,532,000
 Gross profit 3,986,000 3,137,000 9,775,000 6,773,000
 Income before
 income taxes 190,000 12,000 1,509,000 202,000
 Net income $ 115,000 $ 8,000 $ 926,000 $ 141,000
 Weighted aver. no.
 of common shares 4,062,000 4,064,000 4,063,000 4,064,000
 Earnings per share $.03 $.00 $.23 $.03
 -0- 8/6/92
 /CONTACT: Philip London, chief financial officer of Stage II Apparel, 212-564-5865/
 (SA) CO: Stage II Apparel Corp. ST: New York IN: TEX SU: ERN


GK-TS -- NY013 -- 7472 08/06/92 09:51 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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