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STAGE II APPAREL REPORTS THIRD QUARTER / NINE MONTHS RESULTS

 NEW YORK, Nov. 12 /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 third quarter and nine months ended Sept. 30, 1993.
 Net income for the nine months was $619,000 or $.15 cents per share on net sales of $48,185,000 compared to net income of $1,893,000 or $.47 cents per share on sales of $59,551,000 for the comparable nine months last year. Average number of shares increased to 4,152,000 in 1993 from 4,063,000 in 1992.
 Net income for the third quarter was $288,000 or $.07 cents per share on net sales of $18,211,000 compared to net income of $967,000 or $.24 cents per share on sales of $21,820,000 for the comparable quarter last year. Average number of shares outstanding for the quarter increased to 4,165,000 in 1993 from 4,062,000 in 1992.
 Jack Clark, Chairman of the Board, expressed optimism concerning the future and stated that "The Company continues to generate profits this year in spite of the continuing weak retail market for men's apparel." He also stated that "The Company's recent acquisitions and new licenses, including Looney Tunes, Major League Baseball and Popeye, have already shown positive results and that the Company's inventories are in line with its sales levels."
 STAGE II APPAREL CORP.
 Condensed Statement of Income
 (Unaudited)
 For the period ended Three months Nine months
 Sept. 30. 1993 1992 1993 1992
 Net sales $18,211,000 $21,820,000 $48,185,000 $59,551,000
 Gross profit 4,271,000 5,378,000 11,096,000 15,153,000
 Income before
 income taxes 616,000 1,488,000 1,244,000 2,997,000
 Net income 288,000 967,000 619,000 1,893,000
 Weighted average number
 of common shares 4,165,000 4,062,000 4,152,000 4,063,000
 Earnings per share $ .07 $ .24 $ .15 $ .47
 -0- 11/12/93
 /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

JS-MP -- NY005 -- 3541 11/12/93 09:15 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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