CACHE PRETAX EARNINGS UP 17% FOR QUARTER

NEW YORK--Cache Inc., a chain of upscale women's apparel stores, reported pretax earnings for the quarter ended April 1 increased 17 percent to $762,000, from $648,000 a year ago.
Net income decreased 26 percent to $481,000 from $654,000, reflecting taxes of $281,000 this year versus a tax benefit of $6,000 a year ago. Operating income for the quarter increased 21 percent to $863,000 from $708,000.
The company's sales increased 25 percent to $26 million from $20.7 million, and same-store sales also increased by 9 percent.
Cache operates 139 stores.

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