<PAGE>

==============================================================================
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  FORM 10-Q

                 QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934

           For The Quarter Ended                       Commission File
             October 25, 2003                          Number 1-5674


                            ANGELICA CORPORATION
           (Exact name of Registrant as specified in its charter)


                 MISSOURI                               43-0905260
      (State or other jurisdiction of      (I.R.S. Employer Identification No.)
      incorporation or organization)


         424 South Woods Mill Road
          CHESTERFIELD, MISSOURI                           63017
 (Address of principal executive offices)                (Zip Code)



                               (314) 854-3800
            (Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant is an accelerated filer (as
defined in Rule 12b-2 of the Securities Exchange Act of 1934).  Yes X   No
                                                                   ---    ---


Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  Yes X   No
                                                   ---    ---

The number of shares outstanding of Registrant's Common Stock, par value
$1.00 per share, at December 1, 2003 was 8,846,332 shares.

==============================================================================


<PAGE>
<PAGE>


                    ANGELICA CORPORATION AND SUBSIDIARIES

                                  INDEX TO

                 OCTOBER 25, 2003 FORM 10-Q QUARTERLY REPORT


                                                                   Page Number
                                                                   -----------
                                                                    Reference
                                                                    ---------

PART I.   FINANCIAL INFORMATION:

    Item 1.  Condensed Financial Statements:

       Consolidated Statements of Income - Third Quarter and
         Nine Months ended October 25, 2003 and October 26, 2002
         (Unaudited)                                                    2

       Consolidated Balance Sheets - October 25, 2003
         and January 25, 2003 (Unaudited)                               3

       Consolidated Statements of Cash Flows - Nine Months
         ended October 25, 2003 and October 26, 2002 (Unaudited)        4

       Notes to Unaudited Consolidated Financial Statements            5-10

    Item 2.  Management's Discussion and Analysis of
       Financial Condition and Results of Operations                  11-14

    Item 3.  Quantitative and Qualitative Disclosures
       About Market Risk                                               15

    Item 4.  Controls and Procedures                                  15-16

PART II.  OTHER INFORMATION:

    Item 6.  Exhibits and Reports on Form 8-K                          17

    Signatures                                                         18

    Exhibit Index                                                     19-20



<PAGE>
<PAGE>

                       PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS


<TABLE>
CONSOLIDATED STATEMENTS OF INCOME
Angelica Corporation and Subsidiaries
Unaudited (Dollars in thousands, except per share amounts)

<CAPTION>

                                                                 Third Quarter Ended             Nine Months Ended
                                                              -------------------------     --------------------------
                                                              October 25,   October 26,     October 25,    October 26,
                                                                  2003         2002            2003           2002
                                                              -----------   -----------     -----------    -----------
<S>                                                            <C>            <C>            <C>            <C>
CONTINUING OPERATIONS:
    Textile service revenues                                   $ 70,576       $ 68,108       $ 212,922      $ 203,284
    Net retail sales                                             21,422         24,525          61,839         71,132
                                                              ----------     ----------     -----------    -----------
Combined sales and revenues                                      91,998         92,633         274,761        274,416
                                                              ----------     ----------     -----------    -----------
    Cost of textile services                                    (57,699)       (54,706)       (172,589)      (161,627)
    Cost of retail goods sold                                    (9,822)       (10,754)        (28,596)       (32,586)
                                                              ----------     ----------     -----------    -----------
Combined cost of textile services and goods sold                (67,521)       (65,460)       (201,185)      (194,213)
                                                              ----------     ----------     -----------    -----------
Gross profit                                                     24,477         27,173          73,576         80,203
    Selling, general and administrative expenses                (21,254)       (21,729)        (64,124)       (64,806)
    Restructuring charge reversal (Note 4)                            -              -             310              -
    Other operating (expense) income, net                          (194)           (69)           (470)             7
                                                              ----------     ----------     -----------    -----------
Income from operations                                            3,029          5,375           9,292         15,404
    Interest expense                                               (117)          (345)           (510)        (2,591)
    Non-operating income (Note 5)                                    23             49           1,938            462
    Loss on early extinguishment of debt (Note 6)                     -              -               -         (6,783)
                                                              ----------     ----------     -----------    -----------
Income from continuing operations pretax                          2,935          5,079          10,720          6,492
Income tax provision (Note 7)                                      (751)        (1,524)         (3,216)        (1,785)
                                                              ----------     ----------     -----------    -----------

Income from continuing operations                                 2,184          3,555           7,504          4,707

DISCONTINUED OPERATIONS (NOTE 8):
    Loss on disposal of discontinued segment                          -         (1,375)              -         (9,695)
    Income tax benefit of loss                                        -            481               -          3,393
                                                              ----------     ----------     -----------    -----------
Loss from discontinued operations                                     -           (894)              -         (6,302)
                                                              ----------     ----------     -----------    -----------
Net income (loss)                                              $  2,184       $  2,661       $   7,504      $  (1,595)
                                                              ==========     ==========     ===========    ===========


BASIC EARNINGS (LOSS) PER SHARE (NOTE 9):
    Income from continuing operations                          $   0.25       $   0.41       $    0.85      $    0.54
    Loss from discontinued operations                                 -          (0.10)              -          (0.72)
                                                              ----------     ----------     -----------    -----------
Net income (loss)                                              $   0.25       $   0.31       $    0.85      $   (0.18)
                                                              ==========     ==========     ===========    ===========

DILUTED EARNINGS (LOSS) PER SHARE (NOTE 9):
    Income from continuing operations                          $   0.24       $   0.40       $    0.84      $    0.54
    Loss from discontinued operations                                 -          (0.10)              -          (0.72)
                                                              ----------     ----------     -----------    -----------
Net income (loss)                                              $   0.24       $   0.30       $    0.84      $   (0.18)
                                                              ==========     ==========     ===========    ===========

The accompanying notes are an integral part of the consolidated financial statements.
</TABLE>

                                     2

<PAGE>
<PAGE>


<TABLE>
CONSOLIDATED BALANCE SHEETS
Angelica Corporation and Subsidiaries
Unaudited (Dollars in thousands)

<CAPTION>
                                                                                 October 25,      January 25,
                                                                                    2003             2003
                                                                                 -----------      -----------
<S>                                                                                <C>             <C>
ASSETS
------
Current Assets:
    Cash and short-term investments                                                $  9,780        $ 18,166
    Receivables, less reserves of $1,098 and $724                                    35,077          35,316
    Inventories                                                                      12,563          13,395
    Linens in service                                                                33,558          32,520
    Prepaid expenses and other current assets                                         1,876           5,223
    Deferred income taxes                                                             6,530           6,110
    Net current assets of discontinued segment (Note 8)                                   -           2,162
                                                                                  ----------      ----------
      Total Current Assets                                                           99,384         112,892
                                                                                  ----------      ----------

Property and Equipment                                                              193,088         178,237
Less -- reserve for depreciation                                                    105,216          99,684
                                                                                  ----------      ----------
      Total Property and Equipment                                                   87,872          78,553
                                                                                  ----------      ----------
Other:
    Goodwill (Note 10)                                                                4,256           4,256
    Other acquired assets (Note 10)                                                   1,677           2,146
    Cash surrender value of life insurance                                           28,758          27,576
    Deferred income taxes                                                             1,652           1,405
    Miscellaneous                                                                     1,044           1,456
                                                                                  ----------      ----------
      Total Other Assets                                                             37,387          36,839
                                                                                  ----------      ----------
Total Assets                                                                       $224,643        $228,284
                                                                                  ==========      ==========

LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------
Current Liabilities:
    Current maturities of long-term debt                                           $    184        $    237
    Accounts payable                                                                 19,496          19,905
    Accrued wages and other compensation                                              5,482           9,300
    Other accrued liabilities                                                        28,154          22,153
                                                                                  ----------      ----------
      Total Current Liabilities                                                      53,316          51,595
                                                                                  ----------      ----------

Long-Term Debt, less current maturities                                              10,353          20,574
Other Long-Term Obligations                                                          15,470          16,455
                                                                                  ----------      ----------

Shareholders' Equity:
    Common Stock, $1 par value, authorized 20,000,000
      shares, issued:  9,471,538                                                      9,472           9,472
    Capital surplus                                                                   4,481           4,481
    Retained earnings                                                               141,962         137,548
    Accumulated other comprehensive loss                                               (503)           (511)
    Unamortized restricted stock                                                       (540)              -
    Common Stock in treasury, at cost: 634,903 and 741,755                           (9,368)        (11,330)
                                                                                  ----------      ----------
      Total Shareholders' Equity                                                    145,504         139,660
                                                                                  ----------      ----------
Total Liabilities and Shareholders' Equity                                         $224,643        $228,284
                                                                                  ==========      ==========



The accompanying notes are an integral part of the consolidated financial statements.
</TABLE>

                                     3

<PAGE>
<PAGE>

<TABLE>
CONSOLIDATED STATEMENTS OF CASH FLOWS
Angelica Corporation and Subsidiaries
Unaudited (Dollars in thousands)

<CAPTION>
                                                                                    Nine Months Ended
                                                                             ------------------------------
                                                                             October 25,        October 26,
                                                                                2003               2002
                                                                             -----------        -----------
<S>                                                                           <C>                <C>
Cash Flows from Operating Activities:
    Income from continuing operations                                         $  7,504           $   4,707
    Non-cash items included in income from continuing operations:
      Depreciation                                                               9,016               9,619
      Amortization                                                                 776                 558
      Restructuring charge reversal (Note 4)                                      (310)                  -
      Cash surrender value of life insurance                                    (1,182)             (1,200)
    Change in working capital components of continuing
      operations, net of businesses acquired/disposed of                         7,007               5,990
    Utilization of restructuring reserves                                         (325)               (647)
    Other, net                                                                    (466)              1,137
                                                                             ----------         -----------
Net cash provided by operating activities of continuing operations              22,020              20,164
                                                                             ----------         -----------


Cash Flows from Investing Activities:
    Expenditures for property and equipment, net                               (18,335)            (10,173)
    Cost of businesses acquired                                                    (72)             (2,806)
    Disposals of businesses and property                                             -               1,432
                                                                             ----------         -----------
Net cash used in investing activities of continuing operations                 (18,407)            (11,547)
                                                                             ----------         -----------


Cash Flows from Financing Activities:
    Long-term debt repayments on refinancing and revolving debt                (33,574)           (110,043)
    Borrowings of long-term revolving debt                                      23,300              58,500
    Dividends paid                                                              (2,643)             (2,075)
    Treasury stock reissued                                                        741                 878
                                                                             ----------         -----------
Net cash used in financing activities of continuing operations                 (12,176)            (52,740)
                                                                             ----------         -----------

Net cash provided by discontinued operations (Note 8)                              177              33,236
                                                                             ----------         -----------


Net decrease in cash and short-term investments                                 (8,386)            (10,887)
Balance at beginning of year                                                    18,166              18,742
                                                                             ----------         -----------
Balance at end of period                                                      $  9,780           $   7,855
                                                                             ==========         ===========

Supplemental cash flow information:
    Income taxes (refunded) paid                                              $ (3,868)          $   1,041
    Interest paid                                                             $    281           $   3,671


The accompanying notes are an integral part of the consolidated financial statements.
</TABLE>

                                     4

<PAGE>
<PAGE>

            NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

                     THIRD QUARTER AND NINE MONTHS ENDED
                    OCTOBER 25, 2003 AND OCTOBER 26, 2002




Note 1.  Basis of Presentation
------------------------------

       The accompanying condensed consolidated financial statements are
       unaudited, and these consolidated statements should be read in
       conjunction with the Company's audited consolidated financial
       statements and notes thereto contained in the Company's Annual Report
       on Form 10-K for the fiscal year ended January 25, 2003. It is
       Management's opinion that all adjustments, consisting only of normal
       recurring adjustments, necessary for a fair statement of the results
       during the interim periods have been included. All significant
       intercompany accounts and transactions have been eliminated. The
       results of operations and cash flows for the third quarter and nine
       months ended October 25, 2003 are not necessarily indicative of the
       results that will be achieved for the full year.

       Certain amounts in the prior periods have been reclassified to
       conform to current period presentation.

Note 2.  Stock-Based Compensation
---------------------------------

       In December 2002, the Financial Accounting Standards Board (FASB)
       issued Statement of Financial Accounting Standards (SFAS) No. 148,
       "Accounting for Stock-Based Compensation - Transition and
       Disclosure." SFAS No. 148 amends SFAS No. 123 to provide
       alternative methods of transition for a voluntary change to the
       fair-value based method of accounting for stock-based employee
       compensation. In addition, this statement amends the disclosure
       requirements of SFAS No. 123 to require prominent disclosures in
       both annual and interim financial statements about the method of
       accounting for stock-based employee compensation and the effect of
       the method used on reported results.

       The Company has various stock option and stock bonus plans that
       provide for the granting of incentive stock options, non-qualified
       stock options, restricted stock and performance awards to certain
       employees and directors. As permitted by SFAS No. 123, "Accounting
       for Stock-Based Compensation," the Company applies Accounting
       Principles Board (APB) Opinion No. 25, "Accounting for Stock Issued
       to Employees," in accounting for its plans. Accordingly, no
       compensation expense has been recognized for its stock-based
       compensation plans other than for restricted stock and
       performance-based awards. Total restricted stock and
       performance-based awards issued in the third quarter ended October
       25, 2003 and October 26, 2002 amounted to $59,000 and $3,000,
       respectively; and $792,000 and $164,000 for the nine months ended
       October 25, 2003 and October 26, 2002, respectively. The amounts
       included in reported net income (loss) for restricted stock and
       performance-based awards in the third quarter ended October 25, 2003
       and October 26, 2002 totaled $92,000 and $50,000, respectively; and
       $279,000 and $145,000 for the nine months ended October 25, 2003 and
       October 26, 2002, respectively.

                                     5

<PAGE>
<PAGE>

       Had compensation expense for stock-based compensation plans been
       determined consistent with SFAS No. 123, the Company's net income
       (loss) and earnings (loss) per share for the third quarter and nine
       months ended October 25, 2003 and October 26, 2002 would approximate
       the following pro forma amounts (dollars in thousands, except per
       share data):

<TABLE>
<CAPTION>
                                                          Third Quarter Ended              Nine Months Ended
                                                      ---------------------------      --------------------------
                                                      October 25,     October 26,      October 25,    October 26,
                                                          2003            2002            2003            2002
                                                      -----------     -----------      -----------    -----------
<S>                                                      <C>             <C>              <C>           <C>
Net income (loss):
     As reported                                         $2,184          $2,661           $7,504        $(1,595)
     Deduct: Additional stock-based employee
         compensation expense determined under
         fair-value based method for all awards,
         net of related tax effects                        (109)           (117)            (309)          (338)
                                                        --------        --------         --------       --------
     Pro forma net income (loss)                         $2,075          $2,544           $7,195        $(1,933)
                                                        ========        ========         ========       ========

Basic earnings (loss) per share:
     As reported                                         $ 0.25          $ 0.31           $ 0.85        $ (0.18)
     Pro forma                                             0.23            0.29             0.82          (0.22)

Diluted earnings (loss) per share:
     As reported                                         $ 0.24          $ 0.30           $ 0.84        $ (0.18)
     Pro forma                                             0.23            0.29             0.80          (0.22)
</TABLE>


       The effect of the application of SFAS No. 123 in this disclosure is
       not necessarily indicative of the pro forma effect on net income in
       future periods.

Note 3.  New Accounting Pronouncements
--------------------------------------

       In June 2001, the FASB issued SFAS No. 143, "Accounting for Asset
       Retirement Obligations." SFAS No. 143 establishes accounting standards
       for recognition and measurement of a liability for an asset retirement
       obligation and the associated asset retirement cost. The Company
       adopted the provisions of SFAS No. 143 in the first quarter ended
       April 26, 2003, which did not have a material impact on the
       consolidated financial statements.

       In April 2003, the FASB issued SFAS No. 149, "Amendment of Statement
       133 on Derivative Instruments and Hedging Activities." SFAS No. 149
       amends and clarifies financial accounting and reporting for derivative
       instruments and for hedging activities under SFAS No. 133. SFAS No.
       149 is effective for contracts entered into or modified after June 30,
       2003 and for hedging relationships designated after June 30, 2003. The
       Company adopted the provisions of SFAS No. 149 in the second quarter
       ended July 26, 2003, which did not have a material impact on the
       consolidated financial statements.

       In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain
       Financial Instruments with Characteristics of both Liabilities and
       Equity." SFAS No. 150 establishes standards for how an issuer
       classifies and measures certain financial instruments with
       characteristics of both liabilities and equity. The Company adopted
       the provisions of SFAS No. 150 in the second quarter ended July 26,
       2003, which did not have a material impact on the consolidated
       financial statements.


                                     6

<PAGE>
<PAGE>


Note 4.  Restructuring Activities
---------------------------------

       In fiscal 2003, the Company closed 25 of the 27 Life Uniform stores
       included in the plan of restructuring adopted in fiscal 2002. In the
       fourth quarter of fiscal 2003, Management decided not to close the
       remaining two stores and, consequently, reversed $269,000 of the
       restructuring charge related to these two stores. As of January 25,
       2003, the balance in the restructuring reserve totaled $1,263,000. In
       the first nine months of fiscal 2004, a total of $334,000 was charged
       to the restructuring reserve, including $325,000 for lease
       termination costs paid. In addition, the Company reversed $310,000 of
       the original restructuring charge in the nine months ended October
       25, 2003 due to favorable terminations of the store leases that have
       been settled to date. As of October 25, 2003, there was $619,000
       remaining in the restructuring reserve that is expected to be
       utilized for termination costs of the remaining store leases.

Note 5.  General American Distribution
--------------------------------------

       In the third quarter of fiscal 2004, the Company received a pretax
       cash distribution of $1,857,000 in connection with the liquidation of
       the parent company of General American Life Insurance Company, an
       issuer of life insurance policies owned by the Company for funding
       supplemental pension and deferred compensation benefits. The
       distribution was recorded in non-operating income in the nine months
       ended October 25, 2003. The Company anticipates it will receive at
       some time in the future a second distribution of a nominal amount at
       the conclusion of the liquidation proceedings. These distributions do
       not affect the life insurance policies owned by the Company or their
       cash surrender value.

Note 6.  Loss on Early Extinguishment of Debt
---------------------------------------------

       In the first quarter of fiscal 2004, the Company adopted SFAS No.
       145, "Rescission of FASB Statements No. 4, 44, and 64, Amendment of
       FASB Statement No. 13, and Technical Corrections." Among other
       things, this statement rescinds the extraordinary treatment applied
       to gains and losses from extinguishment of debt pursuant to SFAS No.
       4. During the second quarter of fiscal 2003, the Company incurred a
       pretax loss of $6,783,000 on early extinguishment of debt that was
       treated as an extraordinary item under SFAS No. 4. In accordance with
       SFAS No. 145, the loss is treated as an ordinary rather than
       extraordinary item, and accordingly, results for the first nine
       months of fiscal 2003 have been restated to reflect this change in
       accounting treatment.

Note 7.  Income Taxes
---------------------

       Taxes on income from continuing operations have been provided for at
       an effective tax rate of 25.6 percent and 30.0 percent in the third
       quarter and first nine months of fiscal 2004, respectively, based
       upon the Company's estimated effective tax rate for the year. The
       effective tax rate on income from continuing operations of 27.5
       percent in the first nine months of fiscal 2003 was due to the effect
       of the restatement of the extraordinary loss (see Note 6) which was
       tax effected at the incremental tax rate as a separate component of
       income from continuing operations in fiscal 2003 in accordance with
       SFAS No. 109.

                                     7

<PAGE>
<PAGE>


Note 8.  Discontinued Operations
--------------------------------

       In January 2002, the Company announced plans to dispose of its
       Manufacturing and Marketing business. Consequently, the Manufacturing
       and Marketing segment was accounted for as a discontinued operation
       as of January 26, 2002, and a loss on disposal was recorded to write
       down the net assets of the segment to their estimated net realizable
       value, including estimates of the costs of disposal and transition.
       The differences between these estimates as of October 26, 2002
       compared with July 27, 2002 and January 26, 2002 resulted in the
       recording of an additional loss on disposal of $894,000 and
       $6,302,000 net of tax in the third quarter and first nine months of
       fiscal 2003, respectively. In fiscal 2003, the sale and
       discontinuation of the Manufacturing and Marketing segment was
       completed and substantially all of the net assets of the segment,
       primarily accounts receivable and inventory, were disposed of. During
       the first nine months of fiscal 2004, the remaining net current
       assets of the discontinued segment were disposed of for amounts
       approximating their carrying values.

Note 9.  Earnings (Loss) Per Share
----------------------------------

       Basic earnings (loss) per share is computed by dividing net
       income (loss) by the weighted average number of shares of Common
       Stock outstanding during the period. Diluted earnings (loss) per
       share is computed by dividing net income (loss) by the weighted
       average number of Common and Common equivalent shares outstanding.

       The following table reconciles weighted average shares outstanding
       to amounts used to calculate basic and diluted earnings (loss) per
       share for the third quarter and nine months ended October 25, 2003
       and October 26, 2002 (shares in thousands):

<TABLE>
<CAPTION>
                                                           Third Quarter Ended              Nine Months Ended
                                                       ---------------------------     ---------------------------
                                                       October 25,     October 26,     October 25,     October 26,
                                                          2003            2002            2003            2002
                                                       -----------     -----------     -----------     -----------
<S>                                                       <C>            <C>              <C>             <C>
Weighted average shares:
    Average shares outstanding                            8,830          8,686            8,809           8,652
    Effect of dilutive securities - option shares           158            184              140             145
                                                         -------        -------          -------         -------
    Average shares outstanding, adjusted for
      dilutive effects                                    8,988          8,870            8,949           8,797
                                                         =======        =======          =======         =======
</TABLE>


                                     8

<PAGE>
<PAGE>

Note 10.  Goodwill and Other Intangible Assets
----------------------------------------------

       Under SFAS No. 142, "Goodwill and Other Intangible Assets," goodwill
       is no longer amortized. Instead, goodwill is tested for impairment
       using a fair-value based analysis at least annually as of a selected
       date, which is the end of the third quarter for the Company.
       Accordingly, the Company performed its annual impairment test as of
       October 25, 2003, which resulted in no indication of goodwill
       impairment.

       As of October 25, 2003, the carrying amounts of goodwill allocated to
       the Textile Services and Life Uniform segments were $3,465,000 and
       $791,000, respectively, which were unchanged from the carrying values
       as of January 25, 2003. During the nine months ended October 25,
       2003, there were no material acquisitions or dispositions of other
       acquired assets. Other acquired assets consisted of the following
       (dollars in thousands):

<TABLE>
<CAPTION>
                                              October 25, 2003                                January 25, 2003
                                  ------------------------------------------      ------------------------------------------
                                   Gross                            Other          Gross                           Other
                                  Carrying      Accumulated        Acquired       Carrying     Accumulated        Acquired
                                   Amount       Amortization     Assets, net       Amount      Amortization      Assets, net
                                  --------      ------------     -----------      --------     ------------      -----------

<S>                                <C>            <C>               <C>            <C>           <C>               <C>
       Customer contracts          $5,995         $(4,726)          $1,269         $5,923        $(4,411)          $1,512
       Non-compete covenants        2,650          (2,242)             408          2,650         (2,016)             634
                                  --------       ---------         --------       --------      ---------         --------

       Other acquired assets       $8,645         $(6,968)          $1,677         $8,573        $(6,427)          $2,146
                                  ========       =========         ========       ========      =========         ========
</TABLE>

       Other acquired assets are scheduled to be fully amortized by fiscal
       year 2009 with corresponding annual amortization expense estimated
       for each fiscal year as follows (dollars in thousands):

                               2004      $698
                               2005       557
                               2006       445
                               2007       366
                               2008       150
                               2009         2

Note 11.  Derivative Instruments and Hedging Activities
-------------------------------------------------------

       The Company entered into an interest-rate swap agreement with one of
       its lenders effective September 9, 2002. The swap agreement fixes the
       variable portion of the interest rate (excluding a margin) at 3.58
       percent on $10,000,000 of the outstanding debt under the revolving
       line of credit until termination on May 30, 2007. The Company has
       elected to apply cash flow hedge accounting for the interest-rate
       swap agreement in accordance with SFAS No. 133, "Accounting for
       Derivative Instruments and Hedging Activities." Accordingly, the
       derivative is recorded as an asset or liability at its fair value.
       The effective portion of changes in the fair value of the derivative,
       as measured quarterly, is reported in accumulated other comprehensive
       income, and the ineffective portion, if any, is reported in net
       income of the current period. The gain on the derivative included in
       accumulated other comprehensive loss in the third quarter and nine
       months ended October 25, 2003 amounted to $41,000 and $8,000,
       respectively, net of tax. The Company has recorded a long-term
       liability of $249,000 and $260,000 for the fair value of the
       derivative as of October 25, 2003 and January 25, 2003, respectively.

                                     9

<PAGE>
<PAGE>

       To minimize price risk due to market fluctuations, the Company has
       entered into fixed-price contracts for approximately 50 percent of
       its estimated natural gas purchase requirements in the next 12
       months. Although these contracts are considered derivative
       instruments, they meet the normal purchases exclusion contained in
       SFAS No. 133, as amended by SFAS No. 138 and SFAS No. 149, and are
       therefore exempted from the related accounting requirements.

Note 12.  Comprehensive Income (Loss)
-------------------------------------

       Comprehensive income (loss), consisting of net income (loss) and
       changes in the fair value of derivatives used for interest rate risk
       management, net of taxes, totaled $2,225,000 and $2,582,000 for the
       third quarter ended October 25, 2003 and October 26, 2002,
       respectively; and $7,512,000 and $(1,674,000) for the nine months
       ended October 25, 2003 and October 26, 2002, respectively.

Note 13.  Business Segment Information
--------------------------------------

       Historically, the Company has operated principally in three industry
       segments: Textile Services, Manufacturing and Marketing and Life
       Uniform. Manufacturing and Marketing has been treated as a discontinued
       operation for all periods presented due to the discontinuation of this
       segment in January 2002. Textile Services provides textile rental,
       laundry and linen management services primarily to healthcare
       institutions. Life Uniform operates a nationwide chain of specialty
       retail uniform and shoe stores, together with a fully-integrated
       catalogue and e-commerce operation, selling to healthcare
       professionals. All of the Company's services of its continuing business
       segments are provided in the United States. Summary data about each
       of the Company's continuing business segments for the third quarter and
       nine months ended October 25, 2003 and October 26, 2002 appears below
       (dollars in thousands):

<TABLE>
<CAPTION>
                                        Third Quarter Ended                   Nine Months Ended
                                   -----------------------------         -----------------------------
                                   October 25,       October 26,         October 25,       October 26,
                                      2003              2002                2003              2002
                                   -----------       -----------         -----------       -----------

<S>                                  <C>              <C>                 <C>               <C>
Combined sales and revenues:
    Textile Services                 $70,576          $68,108             $212,922          $203,284
    Life Uniform                      21,422           24,525               61,839            71,132
                                    ---------        ---------           ----------        ----------
                                     $91,998          $92,633             $274,761          $274,416
                                    =========        =========           ==========        ==========

Income from operations:
    Textile Services                 $ 4,729          $ 5,765             $ 15,842          $ 18,300
    Life Uniform                          (6)           1,668                 (725)            2,891
    Corporate expense                 (1,694)          (2,058)              (5,825)           (5,787)
                                    ---------        ---------           ----------        ----------
                                     $ 3,029          $ 5,375             $  9,292          $ 15,404
                                    =========        =========           ==========        ==========

Depreciation and amortization:
    Textile Services                 $ 2,456          $ 2,249             $  7,241          $  7,870
    Life Uniform                         700              626                2,031             1,768
    Corporate                            201              297                  520               539
                                    ---------        ---------           ----------        ----------
                                     $ 3,357          $ 3,172             $  9,792          $ 10,177
                                    =========        =========           ==========        ==========
</TABLE>

                                     10

<PAGE>
<PAGE>

     ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                  AND RESULTS OF OPERATIONS

            THIRD QUARTER AND NINE MONTHS ENDED OCTOBER 25, 2003
                                COMPARED WITH
            THIRD QUARTER AND NINE MONTHS ENDED OCTOBER 26, 2002


     Analysis of Operations
     ----------------------
     Combined sales and revenues of $91,998,000 in the third quarter of
     fiscal 2004 declined 0.7 percent from the same quarter last year, as
     revenue gains in the Textile Services segment failed to offset
     continued sales declines in the Life Uniform segment. Operating income
     was lower in both segments in the current quarter compared with the
     prior-year quarter, reflecting the significantly lower sales volume at
     Life Uniform and cost pressures affecting Textile Services. Net income
     of $.25 per share ($.24 diluted) in the quarter was 19.4 percent below
     the $.31 per share ($.30 diluted), which included a loss from
     discontinued operations of $894,000 or $.10 per share, earned in the
     third quarter last year.

     For the first nine months of this fiscal year, combined sales and
     revenues were essentially even with the comparable prior-year period,
     but operating income decreased in both Textile Services and Life
     Uniform. However, income from continuing operations benefited from a
     pretax distribution of $1,857,000 ($.15 per diluted share net of tax)
     in connection with the liquidation of the parent company of an issuer
     of life insurance policies owned by the Company (see Note 5). Including
     this distribution, net income was $.85 per share ($.84 diluted) in the
     first nine months this year.

     As discussed in Note 6, the Company restated its results for the first
     nine months of fiscal 2003 to reflect the change from extraordinary to
     ordinary accounting treatment of the loss on early extinguishment of
     debt of $6,783,000 pretax ($.50 per diluted share net of tax). As a
     result of the restatement, the Company reported income from continuing
     operations of $.54 per share for the nine months ended October 26,
     2002. Including the loss on disposal of the discontinued Manufacturing
     and Marketing segment of $6,302,000 in the first nine months of fiscal
     2003 (see Note 8), the Company reported a per share net loss of $.18
     for the nine-month period last year.

     Textile Services
     ----------------

     Textile Services segment revenues increased 3.6 percent in the third
     quarter and 4.7 percent in the first nine months compared with the same
     periods a year ago, benefiting from previous increases in net new
     business. Revenues in the first nine months last year included $854,000
     from the Denver, CO plant, which was sold in May 2002 at a gain of
     $474,000. Despite the revenue increases, operating earnings of the
     segment decreased 18.0 percent and 13.4 percent in the third quarter
     and first nine months this year, respectively, as compared with last
     year's same periods. An increase of $981,000 in workers' compensation
     costs in this year's first nine months is expected to be offset by a
     favorable expense comparison in this year's fourth quarter due to a
     significant increase in the prior year's fourth quarter expense.
     Utilities and delivery fuel have combined to account for approximately
     $777,000 and $2,046,000 of cost increases in the third quarter and
     first nine months, respectively. Textile Services has been unable to
     completely offset these cost increases with higher prices charged to
     its customers due to competitive pricing pressures in the marketplace.
     Segment results were also negatively affected, as


                                     11

<PAGE>
<PAGE>

     expected, by an operating loss of $411,000 from the start up of the
     new Phoenix, AZ plant that opened during the third quarter this year.

     Life Uniform
     ------------

     Life Uniform continued to experience significant sales declines in
     fiscal 2004. Sales decreased 12.7 percent in the third quarter compared
     with the prior year, and are 13.1 percent below last year for the first
     nine months. Same-store sales were down 7.7 percent and 7.8 percent in
     the third quarter and first nine months, respectively, accounting for
     approximately one-half of the sales declines. Sales also declined due
     to having 18 fewer stores in operation at the end of the third quarter
     this year compared with the same time last year, and the exiting of the
     low-margin hospitality line of business last year as part of the
     segment's fiscal 2002 restructuring plan. Catalogue and e-commerce
     sales decreased 13.1 percent in the third quarter, and were down 4.1
     percent for the first nine months at $3,934,000. Segment gross margin
     of 54.1 percent in the third quarter was lower than the 56.2 percent of
     a year ago which included a gain of $412,000, or 1.7 percent gross
     margin, from the reversal of an intercompany profit deferral due to the
     sale of the Manufacturing and Marketing segment. Gross margin in the
     first nine months of fiscal 2004 was 53.8 percent as compared with 54.2
     percent of a year ago, which included the reversal of the intercompany
     profit deferral of $783,000, or 1.1 percent gross margin. Primarily
     reflecting the lower sales volume, Life Uniform posted operating losses
     of $6,000 in the third quarter and $725,000 in the first nine months of
     fiscal 2004, compared with operating earnings of $1,668,000 and
     $2,891,000 in the third quarter and first nine months of fiscal 2003,
     respectively. Life's operating results in fiscal 2004 include a
     restructuring charge reversal of $310,000 in the first nine months (see
     Note 4).

     On October 29, 2003, the Company announced that it has hired an
     investment banking firm to review strategic alternatives for the
     under-performing Life Uniform segment. At the same time, the Company
     announced the resignation of the segment President. The strategic
     review process is currently under way.

     Operating Expenses and Other
     ----------------------------

     Selling, general and administrative expenses decreased 2.2 percent in
     the third quarter to 23.1 percent of combined sales and revenues from
     23.5 percent in the third quarter last year. For the first nine months,
     these expenses decreased 1.1 percent to 23.3 percent of combined sales
     and revenues from 23.6 percent a year ago. Decreases in Life Uniform
     store operating expenses due to fewer stores and lower incentive
     compensation accruals across the Company were mostly offset by
     increases in operating expenses for support and maintenance of Life's
     new information systems and corporate costs related to the Company's
     search for a new Chief Executive Officer. The $7,000 of net other
     operating income in the first nine months last year includes the
     aforementioned gain on the sale of Textile Services' Denver plant. The
     reductions in interest expense of $228,000 in the third quarter and
     $2,081,000 in the first nine months reflect the lower debt level and
     lower interest rates following the complete refinancing of the
     Company's debt in the second quarter last year. In addition, imputed
     interest cost of $209,000 has been capitalized in the nine months ended
     October 25, 2003 in connection with the capital spending for Textile
     Services' new plants in Phoenix, AZ and Columbia, SC.

     Restructuring Activities
     ------------------------

     See Note 4 for a discussion of the Company's utilization of the Life
     Uniform restructuring


                                     12

<PAGE>
<PAGE>

     reserve in the first nine months of fiscal 2004. As of October 25,
     2003, there was $619,000 of restructuring reserve remaining for lease
     termination costs that are being negotiated for the remaining Life
     Uniform stores closed in fiscal 2003. In the first nine months of
     fiscal 2004, the Company reversed into income from continuing
     operations $310,000 of the original restructuring charge recorded in
     fiscal 2002 due to terminations of store leases for amounts less than
     reserved and Management's revised estimate of the reserve required to
     terminate the remaining store leases. It is Management's opinion that
     the remaining restructuring reserve is adequate; however, there is a
     risk that additional costs could result from the Company's inability
     to terminate the leases of the remaining closed stores for the amounts
     reserved. Conversely, any remaining restructuring reserve not needed
     for its original intended purpose will be reversed into income in the
     period such determination is made.

     Financial Condition, Liquidity and Capital Resources
     ----------------------------------------------------

     In the nine months ended October 25, 2003, the Company used cash flow
     generated by operating activities of continuing operations to further
     reduce its debt, principally consisting of the amount outstanding under
     a bank line of credit, to 6.8 percent of total capitalization from 13.0
     percent at the beginning of the year. The $10,274,000 reduction in
     total debt in the first nine months this year was achieved despite
     capital expenditures of $7,288,000 and $1,539,000 related to Textile
     Services' new plants in Phoenix, AZ and Columbia, SC, respectively. Net
     cash provided by discontinued operations reflects the proceeds from the
     liquidation of assets of the Manufacturing and Marketing segment which
     was substantially completed in fiscal 2003, net of the payment of
     certain sale-related liabilities. During the third quarter this year,
     the Company received the $1,857,000 General American distribution
     referred to above and a Federal income tax refund of $4,054,000 due
     mainly to the loss on the sale of the Manufacturing and Marketing
     segment recorded in prior fiscal years.

     As of October 25, 2003, the Company had working capital of $46,068,000
     and a current ratio of 1.9 to 1, both lower than $61,297,000 and 2.2 to
     1 as of January 25, 2003 due primarily to the reduction in debt and
     higher capital expenditures in the first nine months ended October 25,
     2003. As of October 25, 2003, the Company was in compliance with all
     financial covenants contained in its debt agreements.

     Management believes that the Company's financial condition is such that
     internal and external resources are sufficient and available to satisfy
     the Company's requirements for debt service, capital expenditures,
     acquisitions, dividends and working capital over the course of the next
     12 months.

     Forward-Looking Statements
     --------------------------

     Any forward-looking statements made in this document reflect the
     Company's current views with respect to future events and financial
     performance and are made pursuant to the safe harbor provisions of the
     Private Securities Litigation Reform Act of 1995. Such statements are
     subject to certain risks and uncertainties that may cause actual
     results to differ materially from those set forth in these statements.
     These potential risks and uncertainties include, but are not limited
     to, competitive and general economic conditions, the ability to retain
     current customers and to add new customers in competitive market
     environments, competitive pricing in the marketplace, delays in the
     shipment of orders, availability of labor at appropriate rates,
     availability and cost of energy and water supplies, the cost of
     workers' compensation and healthcare benefits, the ability to attract
     and retain key personnel, actual charges to the restructuring reserve
     significantly


                                     13

<PAGE>
<PAGE>

     different from estimated charges, unusual or unexpected cash needs for
     operations or capital transactions, the effectiveness of certain
     expense reduction initiatives, the ability to obtain financing in
     required amounts and at appropriate rates, the ability to identify,
     negotiate, fund and integrate acquisitions, and other factors which
     may be identified in the Company's filings with the Securities and
     Exchange Commission.


                                     14

<PAGE>
<PAGE>

     ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The Company is exposed to commodity price risk related to the use of
     natural gas in laundry plants of the Textile Services segment. The
     total cost of natural gas in the third quarter and nine months ended
     October 25, 2003 was $2,401,000 and $7,624,000, respectively. To reduce
     the uncertainty of fluctuating energy prices, the Company has entered
     into fixed-price contracts for approximately 50 percent of the
     segment's estimated natural gas purchase requirements in the next 12
     months. A hypothetical 10 percent increase in the cost of natural gas
     not covered by these contracts would result in a reduction of
     approximately $508,000 in annual pretax earnings.

     The Company is also exposed to commodity price risk resulting from the
     consumption of gasoline and diesel fuel for delivery trucks in the
     Textile Services segment. The total cost of truck fuel in the third
     quarter and nine months ended October 25, 2003 was $965,000 and
     $3,117,000, respectively. A hypothetical 10 percent increase in the
     cost of delivery fuel would result in a decrease of approximately
     $416,000 in annual pretax earnings.

     The Company's exposure to interest rate risk relates primarily to its
     variable-rate revolving debt agreement entered into in the second
     quarter of fiscal 2003. As of October 25, 2003, there was $10,000,000
     of outstanding debt under the credit facility, all of which bears
     interest at a fixed rate of 3.58 percent (plus a margin) under an
     interest-rate swap agreement entered into by the Company with one of
     its lenders effective September 9, 2002. Amounts borrowed under the
     credit facility in excess of the $10,000,000 covered by the
     interest-rate swap agreement bear interest at a rate equal to either
     (i) LIBOR plus a margin, or (ii) a Base Rate, defined as the higher of
     (a) the Federal Funds Rate plus .50 percent and (b) the Prime Rate. The
     margin is based on the Company's ratio of "Funded Debt" to "EBITDA," as
     each is defined in the Loan Agreement. As of October 25, 2003, the
     margin was 1.0 percent.

     ITEM 4.  CONTROLS AND PROCEDURES

     The Company maintains a system of internal controls and procedures
     designed to provide reasonable assurance as to the reliability of the
     unaudited consolidated financial statements and other disclosures
     included in this report. The Company's Board of Directors, operating
     through its Audit Committee which is composed entirely of independent
     Directors, provides oversight to the financial reporting process.

     As of the end of the period covered by this report, the Company's Chief
     Executive Officer and Chief Financial Officer evaluated the
     effectiveness of the design and operation of the Company's disclosure
     controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
     under the Securities Exchange Act of 1934, as amended). Based upon
     their evaluation, the Chief Executive Officer and Chief Financial
     Officer concluded that the Company's disclosure controls and procedures
     are effective in ensuring that material information relating to the
     Company, including its consolidated subsidiaries, is made known to them
     by others within those entities in a timely manner, particularly during
     the period for which this quarterly report is being prepared. The Chief
     Executive Officer and Chief Financial Officer also concluded based upon
     their evaluation that the Company's disclosure controls and procedures
     are effective in ensuring that the information required to be disclosed
     by the Company in the reports that it files or submits under the
     Securities Exchange Act of 1934 is recorded, processed, summarized and
     reported, within the time periods specified in the Securities and
     Exchange Commission's rules and forms.

                                     15

<PAGE>
<PAGE>

     There have been no significant changes in internal controls over
     financial reporting or in other factors that could significantly affect
     internal controls over financial reporting subsequent to the date of
     this most recent evaluation, nor were any corrective actions required
     with regard to significant deficiencies and material weaknesses.

                                     16

<PAGE>
<PAGE>

                         PART II. OTHER INFORMATION

     ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
     -----------------------------------------

     (a)     See Exhibit Index on page 19.

     (b)     REPORTS ON FORM 8-K - On August 19, 2003, the Company filed
             and/or furnished a report on Form 8-K under Items 7 and 12
             containing a press release announcing its earnings for the
             second quarter ended July 26, 2003.

             A report on Form 8-K was filed and/or furnished on August 27,
             2003 under Items 7 and 9 which included the Quarterly Report to
             Shareholders for the second quarter ended July 26, 2003 as an
             exhibit, pursuant to Regulation FD.


                                     17

<PAGE>
<PAGE>

                                 SIGNATURES
                                 ----------

     Pursuant to the requirements of the Securities Exchange Act of 1934,
     the Registrant has duly caused this report to be signed on its behalf
     by the undersigned thereunto duly authorized.

                                             Angelica Corporation
                                             --------------------
                                             (Registrant)



     Date:  December 8, 2003                 /s/ T. M. Armstrong
                                             -------------------
                                             T. M. Armstrong
                                             Senior Vice President -
                                             Finance and Administration
                                             Chief Financial Officer
                                             (Principal Financial Officer)




                                             /s/ James W. Shaffer
                                             --------------------
                                             James W. Shaffer
                                             Vice President and Treasurer
                                             (Principal Accounting Officer)


                                     18

<PAGE>
<PAGE>


                                EXHIBIT INDEX
                                -------------

Exhibit
Number     Description
------     -----------

<FN>
                  *Asterisk indicates exhibits filed herewith.
                  **Incorporated by reference from the document listed.

3.1   Restated Articles of Incorporation of the Company, as currently in
      effect. Filed as Exhibit 3.1 to the Form 10-K for the fiscal year
      ended January 26, 1991.**

3.2   Current By-Laws of the Company, as last amended March 27, 2001. Filed
      as Exhibit 3.2 to the Form 10-K for the fiscal year ended January 27,
      2001.**

4.1   Shareholder Rights Plan dated August 25, 1998. Filed as Exhibit 1 to
      Registration Statement on Form 8-A on August 28, 1998.**

10.1  Employment Agreement between the Company and Stephen M. O'Hara, dated
      September 15, 2003.*

10.2  Restricted Stock Agreement between the Company and Stephen M. O'Hara,
      dated September 15, 2003.*

10.3  Non-Qualified Stock Option Agreement between the Company and Stephen
      M. O'Hara, dated September 15, 2003 (100,000 shares at $19.66 exercise
      price).*

10.4  Non-Qualified Stock Option Agreement between the Company and Stephen
      M. O'Hara, dated September 15, 2003 (50,000 shares at $25.00 exercise
      price).*

10.5  Non-Qualified Stock Option Agreement between the Company and Stephen
      M. O'Hara, dated September 15, 2003 (50,000 shares at $30.00 exercise
      price).*

10.6  First Amendment to Employment Agreement between the Company and Paul
      R. Anderegg, dated September 15, 2003.*

10.7  Amended specimen form of Stock Option Agreement under the Angelica
      Corporation 1994 Performance Plan.*

10.8  Amended specimen form of Stock Option Agreement under the Angelica
      Corporation 1999 Performance Plan.*

10.9  Amendment to Angelica Corporation Supplemental Plan restated as of
      September 1, 2000, dated August 27, 2003.*

31.1  Section 302 Certification of Chief Executive Officer.*

                                     19


<PAGE>
<PAGE>

31.2  Section 302 Certification of Chief Financial Officer.*

32.1  Section 906 Certification of Chief Executive Officer.*

32.2  Section 906 Certification of Chief Financial Officer.*


                                     20