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STAGE II APPAREL REPORTS THIRD QUARTER/NINE MONTHS RESULTS

 STAGE II APPAREL REPORTS THIRD QUARTER/NINE MONTHS RESULTS
 NEW YORK, Nov. 10 /PRNewswire/ -- Stage II Apparel Corp. (AMEX: SA), one of the nation's largest distributors of popular priced brand-name mens and boys casual apparel and activewear, today reported good financial results for the third quarter and nine months ended Sept. 30, 1992.
 Net income for the nine months was $1,893,000 or $.47 cents per share on net sales of $59,551,000 compared to net income of $651,000 or $.16 cents per share on sales of $49,948,000 for the comparable nine months last year.
 Net income for the third quarter was $967,000 or $.24 cents per share on net sales of $21,820,000 compared to net income of $510,000 or $.13 cents per share on sales of $20,416,000 for the comparable quarter last year.
 Jack Clark, chairman of the board, expressed optimism concerning the future and stated that "the company's third quarter and nine months profits are a big improvement over last year's results in spite of the continuing recessionary climate." He also stated that "the company has opened its first retail store in Carle Place, Long Island, which should add another avenue for growth in the future."
 STAGE II APPAREL CORP.
 Condensed Statement of Income
 (unaudited)
 Periods ended Three months Nine months
 Sept. 30 1992 1991 1992 1991
 Net sales $21,820,000 $20,416,000 $59,551,000 $49,948,000
 Gross profit 5,378,000 4,833,000 15,153,000 11,606,000
 Income before
 income taxes 1,488,000 786,000 2,997,000 988,000
 Net income 967,000 510,000 1,893,000 651,000
 Weighted avg. no.
 of com. shares 4,062,000 4,063,000 4,063,000 4,064,000
 Earnings per share .24 .13 .47 .16
 -0- 11/10/92
 /CONTACT: Philip London, chief financial officer of Stage II, 212-564-5865/
 (SA) CO: Stage II Apparel Corp. ST: New York IN: TEX SU: ERN


KD-AH -- NY005 -- 9129 11/10/92 09:25 EST
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Publication:PR Newswire
Date:Nov 10, 1992
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