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REGIONAL EARNINGS

Authentic Fitness' Profit Jumps 43% in 3rd Quarter

May 10, 1994

Authentic Fitness Corp. in Van Nuys, which sells swimwear and fitness apparel under the Speedo, Oscar de la Renta, Catalina and White Stag brand names, reported a 43% jump in its fiscal third-quarter earnings.

The profit increase resulted from growth in its swimwear and active-wear brands, the company said. Authentic Fitness also benefited from lower interest costs because money raised in a stock sale in December was used to pay off debt.

Authentic Fitness' profit in the three months that ended April 2 was $4.23 million, compared with $2.97 million in net income a year ago. Its third-quarter revenue was $53.3 million, a 45% gain from $36.7 million in revenue.

For the nine months, the company earned $3.64 million, down 50% from the $7.24 million that it earned in the same period the previous year. Its nine-month revenue totaled $118.7 million, up 33% from $89.6 million.

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