<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST QUARTER AND THIRTEEN WEEKS ENDED FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO IT. </LEGEND> <RESTATED> <CIK> 0000023249 <NAME> CONCORD FABRICS INC. <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> AUG-30-1998 AUG-31-1997 <PERIOD-START> SEP-01-1997 SEP-02-1996 <PERIOD-END> NOV-30-1997 DEC-01-1996 <CASH> 11,734,313 11,858,828 <SECURITIES> 0 0 <RECEIVABLES> 18,605,931 21,616,295 <ALLOWANCES> 0 0 <INVENTORY> 17,168,452 19,108,381 <CURRENT-ASSETS> 61,309,935 57,344,201 <PP&E> 7,371,463 8,099,097 <DEPRECIATION> 0 0 <TOTAL-ASSETS> 75,387,061 71,844,716 <CURRENT-LIABILITIES> 9,311,055 9,422,543 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 1,832,554 1,828,179 <OTHER-SE> 0 0 <TOTAL-LIABILITY-AND-EQUITY> 75,387,061 71,844,716 <SALES> 24,750,402 27,048,240 <TOTAL-REVENUES> 24,750,402 27,048,240 <CGS> 17,081,341 18,949,596 <TOTAL-COSTS> 23,419,808 26,116,441 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 174,041 301,418 <INCOME-PRETAX> 1,330,594 931,799 <INCOME-TAX> 535,000 389,000 <INCOME-CONTINUING> 0 0 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 795,594 542,799 <EPS-PRIMARY> .22 .15 <EPS-DILUTED> 0 0