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TAMBRANDS REPORTS SECOND-QUARTER RESULTS

 TAMBRANDS REPORTS SECOND-QUARTER RESULTS
 WHITE PLAINS, N.Y., July 28 /PRNewswire/ -- Tambrands Inc.


(NYSE: TMB) had second-quarter sales and earnings in line with the company's expectations as announced earlier this year, Martin F.C. Emmett, chairman and chief executive officer, reported today.
 Net sales for the quarter ended June 30, 1992 were $169,412,000, compared to second-quarter 1991 sales of $178,409,000. Net earnings were $28,434,000, or 72 cents per share, compared to $35,957,000, or 87 cents per share, in the second quarter of 1991.
 According to Emmett, second-quarter sales and earnings reflect significant differences in year-to-year marketing activities in the United States and Europe. Rescheduling of promotions in the United States resulted in lower second-quarter 1992 volume. Spending on advertising and education was up significantly in both the United States and Europe. Earnings per share decreased at a lower rate than net earnings because Tambrands' stock buybacks reduced the number of shares outstanding.
 Emmett remarked, "Our second-quarter results were consistent with our expectations. We believe the rescheduling of our promotional and marketing activities will benefit our future business. We are pleased with the progress of our restaging of Tampax tampons in Europe, and we expect our full-year 1992 results to be in line with our long-term growth target."
 For the first six months of 1992, net sales were $344,298,000, up from $335,075,000 for the comparable period of 1991. Net earnings were $57,743,000, or $1.44 per share, compared to $61,386,000, or $1.48 per share, for the first half of last year.
 Tambrands manufactures Tampax(R) tampons and markets them in over 135 countries around the world.
 TAMBRANDS INC.
 Consolidated Income Statement
 (In thousands, except per share figures)
 Periods ended: Three months Percent Six months Percent
 June 30: 1992 1991 change 1992 1991 change
 Net sales $169,412 $178,409 (5) $344,298 $335,075 3
 Cost of products
 sold 57,036 62,906 (9) 115,829 122,719 (6)
 Gross profit 112,376 115,503 (3) 228,469 212,356 8
 Selling, Admin.
 and General:
 Marketing, selling
 and distribution 51,393 44,205 16 105,182 87,283 21
 Administrative
 and general 17,080 16,287 5 32,713 29,727 10
 Total 68,473 60,492 13 137,895 117,010 18
 Operating income 43,903 55,011 (20) 90,574 95,346 (5)
 Interest income, net
 and other 135 973 (86) 358 1,324 (73)
 Earnings before
 taxes 44,038 55,984 (21) 90,932 96,670 (6)
 Provision for taxes 15,604 20,027 (22) 33,189 35,284 (6)
 Net earnings $ 28,434 $ 35,957 (21) $ 57,743 $ 61,386 (6)
 Net earnings per
 share $0.72 $0.87 (17) $1.44 $1.48 (3)
 Average shares
 outstanding 39,677 41,316 40,012 41,398
 -0- 7/28/92
 /CONTACT: Paul E. Konney, senior vice president of Tambrands, 914-696-6688/
 (TMB) CO: Tambrands Inc. ST: New York IN: HOU SU: ERN


GK-TS -- NY014 -- 3920 07/28/92 09:34 EDT
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Date:Jul 28, 1992
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