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WHITMAN ANNOUNCES SALES AND EARNINGS

 WHITMAN ANNOUNCES SALES AND EARNINGS
 CHICAGO, April 15 -- Whitman Corp. (NYSE: WH) today announced it had


record sales and record earnings from continuing operations for the first quarter of 1992. Consolidated sales totaled $497.8 million for the quarter, up 3.4 percent from last year. Income for continuing operations was $5.3 million, or $0.05 a share, compared to a loss of one cent a share in the first quarter last year. In the first quarter of last year, when the company had earnings from Pet Inc., which was spun off April 1, 1991, net income was $0.15 a share.
 "We're off to a good start for the year," said James. W. Cozad, chairman and chief executive officer. "Each of our operating companies had a very strong performance in the quarter, despite tough competition and a weak economy. We're hopeful 1992 will be another record year for Whitman."
 Pepsi-Cola General Bottlers had record earnings of $27.9 million, up 14.8 percent over last year, primarily as a result of improved margins and strong increase in case volume.
 Midas International reported earnings of $13.4 million, up 12.6 percent from last year principally reflecting the benefit of its cost reduction program, extra selling days in the period, and a modest improvement in retail sales.
 Hussman Corp. earned $1.9 million for the quarter, compared with $1.8 million in the first quarter of 1991.
 In the first quarter, Hussman closed its Australian operation which had loses of about $2 million for the full year in 1991.
 -0- 4/15/92
 /CONTACT: Whitman Corporate Communications, 708-818-5000/
 (WH) CO: Whitman Corp. ST: Illinois IN: SU: ERN


SH -- NY102 -- 8841 04/15/92 15:29 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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