Nautica Enterprises, Inc today reported sales and earnings for the first quarter ended June 3, 2000. Diluted and basic earnings per share decreased to $.09 from $.12 in the first quarter of last fiscal year. Net earnings decreased to $3,094,000 from $4,364,000. Net sales for the quarter increased 23.4% to $134,743,000 compared to $109,163,000 in the first quarter of last fiscal year.

Harvey Sanders, chairman and CEO, in commenting on the results said: ``In spite of a challenging retail environment, the demand for Nautica products continues to be very strong, which is reflected in our sales growth. The company's first quarter earnings results reflect the impact of expenses for infrastructure and marketing to launch and support our new businesses. We are excited about the potential of our new product lines. Fiscal 2001 will continue to be a year of positioning the Company for long-term growth.''

This press release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations and involve risks that could cause actual results to be materially different from those set forth in the forward-looking statements. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof.

Nautica Enterprises, Inc. (NASDAQ: NAUT), through its subsidiaries, designs, sources, markets and distributes apparel under the following brands: Nautica; Nautica Competition; NST- Nautica Sport Tech; Nautica Jeans Company; John Varvatos; E. Magrath; and Byron Nelson.

NAUTICA ENTERPRISES, INC.
CONSOLIDATED CONDENSED EARNINGS SUMMARY
(all amounts in thousands, except per share data)
Three Months Ended
June 3,
May 29,
2000
1999
Net sales
$ 134,743
$ 109,163
Gross profit
63,732
51,303
Operating expenses
61,021
46,102
Net royalty income
1,787
1,416
Operating profit
4,498
6,617
Investment income
558
561
Pre-tax earnings
5,056
7,178
Income taxes
1,962
2,814
Net earnings
$ 3,094
$ 4,364
Basic earnings per share
$ 0.09
$ 0.12
Diluted earnings per share
$ 0.09
$ 0.12
Basic weighted average shares
32,627
35,405
Diluted weighted average shares
34,040
37,181