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CARA OPERATIONS REPORTS RESULTS

 CARA OPERATIONS REPORTS RESULTS
 TORONTO, July 8 /PRNewswire/ -- On behalf of Cara Operations


Limited, the Chairman & Chief Executive Officer, M. Bernard Syron and the President & Chief Operating Officer, Gunter B. Otto, are pleased to announce that Cara's net profit for the first quarter ended June 21, 1992 has increased by 10.2 percent over the same period last year.
 The detail results are as follows:
 1ST QUARTER
 TWELVE WEEKS TWELVE WEEKS
 ENDED ENDED
 JUNE 21, 1992 JUNE 23, 1991
 System Sales $272,141,000 $269,865,000
 Net Profit $ 4,791,000 $ 4,347,000
 Earnings Per Share 4.1 cents 3.7 cents
 All major segments have shown improvement with the exception of office products. Repayment of debt combined with declining interest rates also positively impacted the company's earnings for the quarter.
 The corporation paid a dividend of 4 cents per share on June 30, 1992 to common and Class A shareholders of record on June 16, 1992.
 PROFILE
 Cara Operations Limited is a leader in the food services/hospitality industry and in the retailing and commercial distribution of office products/furniture.
 Family style dining is offered at Swiss Chalet and Steak & Burger Restaurants. Specialty and fine dining is available at restaurants operating under various names at certain office complexes, airports, railway stations and shopping plazas in major urban centers throughout Canada, and in certain Florida and New York State cities. Fast food featuring charbroiled hamburgers and chicken is served at Harvey's and Harvey's Plus while Hershel's offers delicatessen fare. Home delivery service for charbroiled chicken and ribs is offered through Swiss Chalet. The Airline Services Division provides catering and ancillary services to major Canadian and international airlines through flight kitchens and commissaries across Canada.
 Office products and furniture are offered through Grand & Toy retail outlets and commercial distribution centers in many major cities in Canada.
 Cara also operates gift stores and newsstands at airports, hotels, railway stations and shopping malls throughout Canada.
 Beaver Foods Limited and Les services alimentaires CVC Inc. provide contract food service management to high schools, colleges, universities, rest homes, hospitals, corporate and government cafeterias, and remote camps throughout Canada, while Summit Food Distributors Inc. is engaged in wholesale food distribution primarily in Southern Ontario.
 -0- 7/8/92
 /CONTACT: Michael Nahirny, senior vice president, finance and administration and chief financial officer of Cara Operations Limited, 416-962-4571/ CO: Cara Operations Limited ST: Ontario IN: LEI SU: ERN


TM -- NY072 -- 7619 07/08/92 17:41 EDT
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Date:Jul 8, 1992
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