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TULTEX CORPORATION REVISES THIRD QUARTER '93 EARNINGS PROJECTIONS

 MARTINSVILLE, Va., Oct. 6 /PRNewswire/ -- Tultex Corporation (NYSE: TTX), today announced that expected third quarter 1993 earnings per share would be lower than the same period last year, reflecting slower take-out by major retailers. Actual results for the third quarter and nine months ending Oct. 2, 1993, will be released on Oct. 21, 1993.
 "Based on preliminary numbers, earnings for the quarter will be down over last year at this time. Major retail customers were slow to take fleece products, resulting in revenues that are anticipated to be lower than previously expected," said Tultex Chairman John Franck. "In addition, earnings comparisons for third quarter 1993 will be unfavorably affected by a 10 cents per share LIFO gain and a 14-week third quarter last year.
 "Despite the shortfall in third quarter shipments, we remain confident that we will be able to regain some of this lost revenue in the fourth quarter. Based on increased activity at the retail level, particularly with the large discounters, 70 cents per share for the year is achievable compared to 56 cents per share for 1992," continued Franck. "We remain confident in our strategic objectives. Our licensed sports apparel products continue to outperform the rest of our business, and our Troy Aikman relationship is starting to pay off in new accounts for our upper end Logo Athletic business. In addition, through our focus on total quality management, we continue to find ways to reduce costs and improve our quality and service."
 Tultex, a vertically integrated manufacturer and marketer of activewear and licensed sports apparel, sells many of its products under the brand names of Tultex(R), Discus Athletic(R), Logo 7(R) and Logo Athletic(R) brand names. The company operates manufacturing plants in Virginia, North Carolina, Indiana, Massachusetts and Jamaica.
 -0- 10/6/93
 /CONTACT: Don Shook, CFO, 703-632-2961, ext. 3800, or Kathy Rogers, director-investor relations, 703-632-2961, ext. 3830, both of Tultex/
 (TTX)


CO: Tultex Corporation ST: Virginia IN: SU: ERN

DC-MH -- DC010 -- 9289 10/06/93 11:07 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
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