Printer Friendly

THE TOPPS COMPANY REPORTS FIRST QUARTER RESULTS

 THE TOPPS COMPANY REPORTS FIRST QUARTER RESULTS
 NEW YORK, June 16 /PRNewswire/ -- The Topps Company, Inc.


(NASDAQ: TOPP) today reported that net sales for the first quarter increased to $76,433,000, as compared with $68,134,000, for the same period last year. Net income was $12,504,000, or $.26 per share, compared to $13,350,000, or $.28 per share in last year's first quarter when shipments or unusually high margin entertainment picture products were made.
 Arthur T. Shorin, chairman, stated that first quarter sales reflect strong demand for Stadium Club baseball cards. He added that initial consumer response to candy, gum and picture products featuring the Warner Bros. Batman film is encouraging.
 Topps is well known for its collectible picture products, which feature sports and other themes, its Bazooka brand bubble gum and entertaining candy products.
 TOPPS COMPANY, INC.
 Consolidated Statement of Earnings
 (Unaudited)
 First quarter ended 5/30/92 6/1/91
 Net sales $76,433,000 $68,134,000
 Income before taxes 20,840,000 21,534,000
 Taxes on income 8,336,000 8,184,000
 Net income 12,504,000 13,350,000
 Earnings per share .26 .28
 Weighted average shares outstanding 47,442,548 47,295,975
 -0- 6/16/92
 /CONTACT: Anna Cordasco or Tom Sanford of Ogilvy Adams & Rinehart, 212-557-0100/
 (TOPP) CO: Topps Company, Inc. ST: New York IN: HOU SU: ERN


TQ-OS -- NY007 -- 0514 06/16/92 09:13 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 16, 1992
Words:242
Previous Article:SYMBOL TECHNOLOGIES INTRODUCES LASERTOUCH FOR LASER-BASED CONTACT SCANNING
Next Article:SAVVY INDIVIDUAL INVESTORS FLASH YELLOW ON STOCK MARKET AND ECONOMY; THE QUICK & REILLY 500 SURVEY SAYS EXPERIENCED INVESTORS ARE CAUTIOUS
Topics:


Related Articles
TOPPS ANNOUNCES IT WILL REPORT NET LOSS FOR FOURTH QUARTER
THE TOPPS COMPANY, INC. REPORTS FIRST QUARTER RESULTS
THE TOPPS COMPANY, INC. REPORTS THIRD QUARTER RESULTS
THE TOPPS COMPANY, INC. REPORTS SECOND QUARTER AND FIRST HALF RESULTS
THE TOPPS COMPANY, INC. REPORTS FIRST QUARTER RESULTS
The Topps Company, Inc. Reports Second Quarter and First Half Results
Topps to Discontinue Production at Duryea, Pa. Factory
The Topps Company, Inc. Reports Fourth Quarter and Full Year Results
The Topps Company, Inc. Reports Second Quarter and First Half Results
Topps Reports Third Quarter and Nine Months Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters