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COOKER RESTAURANT CORPORATION ANNOUNCES RECORD EARNINGS

 COLUMBUS, Ohio, Oct. 14 /PRNewswire/ -- The Cooker Restaurant Corporation (NASDAQ: COKR) today announced its 22nd consecutive quarter of record earnings. Net earnings for the third quarter of 1993 ended October 3 increased 19.5 percent to $1,217,818, up from $1,019,378, in 1992. Earnings per share increased 18.7 percent to $.16 from $.13 in 1992. Sales for the nine months rose 24.7 percent to $16,623,141 from $13,331,926 in 1992.
 For nine months, net earnings increased 17.8 percent to $3,351,586, up from
$2,844,193 in 1992. Earnings per share increased 16.6 percent to $.43 from $.37 in the prior year. Sales for the nine months rose 27.9 percent to $48,699,994 from $38,089,221 in 1992.
 "We achieved positive growth in sales and earnings. Additionally, we are excited about our development of new restaurants during the quarter," stated G. Arthur Seelbinder, chairman and chief executive officer. "Within the past two weeks we have opened restaurants in Novi, Mich., a Detroit suburb, and Marietta, Ga., a suburb of Atlanta. Restaurants will be opening in Toledo, Ohio, and Memphis, Tenn., later this month. Before the year is out we will open restaurants in Raleigh, N.C. and Fairfax, Va. We look forward to entering 1994 in a very solid position."
 FINANCIAL HIGHLIGHTS
 THREE MONTHS ENDED
 10/3/93 9/27/92 PCT. INCREASE
 Sales $16,623,141 $13,331,926 24.7
 Net Earnings $1,217,818 $1,019,378 19.5
 E.P.S. 0.16 0.13 18.7
 Weighted Average
 Shares Outstanding 7,841,200 7,788,964 0.7
 NINE MONTHS ENDED
 10/3/93 9/27/92 PCT. INCREASE
 Sales $48,699,994 $38,089,221 27.9
 t? Earnings $3,351,586 $2,844,193 17.8
 E.P.S. 0.43 0.37 16.6
 Weighted Average
 Shares Outstanding 7,860,000 7,778,333 1.0
 Cooker owns and operates 25 full service restaurants in Tennessee, Indiana, Ohio, Michigan, Kentucky, Florida and Georgia. The company's common shares are traded on the NASDAQ-National Market System under the symbol "COKR".
 -0- 10/14/93
 /CONTACT: William Z. Esch, vice president, chief financial officer, of Cooker Restaurant Corporation, 614-457-8500/
 (COKR)


CO: Cooker Restaurant Corporation ST: Ohio IN: LEI SU: ERN

LC-BM -- CL009 -- 2035 10/14/93 09:04 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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