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TOASTMASTER ANNOUNCES FIRST QUARTER RESULTS ENDED MARCH 31, 1992

 TOASTMASTER ANNOUNCES FIRST QUARTER RESULTS ENDED MARCH 31, 1992
 COLUMBIA, Mo., April 22 /PRNewswire/ -- Toastmaster Inc. (NYSE: TM) reported today net sales of $26.3 million for the first quarter of 1992, an increase of 7.3 percent over the $24.5 million for the first quarter of 1991. The net loss for the quarter was $-0.1 million, or approximately $-0.02 per share, compared to a net loss of $-0.3 million, or approximately $-0.05 per share for the like period in 1991.
 "We are extremely pleased with the first quarter results," said Daniel J. Stubler, president. He noted that "During the previous three years, the first quarter averaged only 16 percent of the annual sales volume, and historically, the first quarter has shown significant losses. The first quarter of 1991 improved considerably on the historical loss levels and to continue that improvement in 1992 is a significant accomplishment. These results, in view of the current economic situation, extremely mild weather conditions, and that the first quarter of 1991 included significant shipments of Snacksters(TM), make this a very satisfying quarter. The recent introduction of the 'Grillerie(TM)' will begin to generate sales in the third quarter." This is the first quarterly report for the company since its March 3, 1992 initial public offering.
 Kitchen counter-top appliances (which represented over 83 percent of total gross revenues) increased 14.6 percent. Strong sales of basic kitchen counter-top appliances more than offset an expected decline in Snackster(TM) shipments, slower environmental product sales due to unexpected mild weather conditions, and delays by retailers of early 1992 timer promotions to the second quarter.
 TOASTMASTER INC.
 Financial Summary and Comparisons
 (dollars in thousands, except per share)
 (unaudited)
 First Quarter Results
 Percent
 1992 1991 Change
 Net sales $26,295 $24,496 7.3
 Net income (loss) $(117) $(322) (63.7)(a)
 Loss per share $(.02) $(.05) (65.4)(a)
 Weighted average common
 and common equivalent shares
 outstanding
 (in thousands) 6,325 6,030 4.9
 (a) Reduction in losses
 Toastmaster, headquartered in Columbia, designs, manufactures, markets and services a wide array of electrical consumer appliances and time pieces under the brand names of Toastmaster(R) and Ingraham(R).
 -0- 4/22/92
 /CONTACT: John E. Thompson of Toastmaster, 314-445-8666/
 (TM) CO: Toastmaster Inc. ST: Missouri IN: HOU REA SU: ERN


MC -- DV009 -- 1048 04/22/92 08:37 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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