Bertucci's reports 42 percent increase in net revenues for 4th quarter.

WAKEFIELD, Mass.--(BUSINESS WIRE)--Feb. 21, 1995--Bertucci's Inc. (NASDAQ: BERT) today announced financial results for the thirteen-week fourth quarter of fiscal year 1994.

The company reported net revenues of $28.2 million for the thirteen-week fourth quarter ended Dec. 31, 1994, a gain of 42 percent over net revenues of $19.9 million for the twelve-week fourth quarter of the previous year.

Net income for the thirteen-week period was $1.36 million compared with $1.22 million in the twelve-week period a year earlier, a gain of 11 percent. Earnings per share in the thirteen-week quarter were $0.15 compared with $0.14 in the twelve-week quarter of the prior year.

For the fifty-three-week fiscal year in 1994 net revenues increased 37.8 percent, while net income decreased slightly over the fifty-two-week fiscal year in 1993. The increase in revenues has come primarily from new restaurants, while comparative store sales growth based on a fifty-two-week basis increased approximately 0.2 percent.

The company operates a chain of sixty-eight full service, casual dining Italian restaurants under the "Bertucci's Brick Oven Pizzeria" name principally in the Eastern United States. During the fourth quarter the company opened four new restaurants and one additional restaurant subsequent to the end of the quarter. Currently the company has a total of four restaurants under construction.

                             Bertucci's Inc.
                     Condensed Statement of Income

                            Quarter Ended       Fiscal Year Ended
                         Dec. 31,    Dec. 25,  Dec. 31,    Dec. 25,
                          1994         1993      1994        1994
                        (13 weeks) (12 weeks) (53 weeks)  (52 weeks)
                           (in thousands, except per share data)

Sales                       $28,214    $19,925   $102,797    $74,625
Net income                    1,358      1,221      5,610      5,639
Earnings per share            $0.15      $0.14      $0.63      $0.63

Weighted average shares   8,905,562  8,963,949  8,936,569  8,945,696

    -0-

                              BERTUCCI'S INC.
                CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                               (Unaudited)

                           Quarter Ended         Fiscal Year Ended
                       Dec. 31,    Dec. 31,    Dec. 31,     Dec. 31,
                         1994        1993        1994         1993
                       (13 Wks)    (12 Wks)    (53 Wks)     (52 Wks)
                            (in thousands, except per share data)

NET SALES              $ 28,214    $ 19,925    $102,797     $ 74,625
COSTS AND EXPENSES:
  Cost of sales           7,199       5,310      26,039       19,368
  Operating expenses     13,608       9,196      48,762       33,778
  General and
   administrave
   expenses               1,870       1,259       6,566        4,918
  Depreciation and
   amortization           1,908       1,501       7,369        4,840
  Taxes other than
   income                 1,391         901       5,106        3,530
    Total cost and
     expenses            25,976      18,167      93,842       66,434
  Operating income        2,238       1,758       8,955        8,191
INTEREST EXPENSE             97          59         155           82
INTEREST INCOME               4         164          33          657
  Income before
   income tax
   expense                2,145       1,863       8,833        8,766
INCOME TAX EXPENSE          787         642       3,223        3,127
NET INCOME                1,358       1,221       5,610        5,639

EARNINGS PER SHARE     $   0.15    $   0.14    $   0.63     $   0.63

WEIGHTED AVERAGE
 SHARES OUTSTANDING   8,905,562   8,963,949   8,936,569    8,945,696

CONTACT: Bertucci's

Norman Mallett, 617/246-6700