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JB'S RESTAURANTS INC. ANNOUNCES SECOND QUARTER RESULTS

 SALT LAKE CITY, April 13 /PRNewswire/ -- JB's Restaurants Inc. (NASDAQ: JBBB) announced today a net loss of $108,000, or $0.02 per share, for the fiscal second quarter ended March 15, 1993, compared with net income of $176,000, or $0.04 per share, for the same quarter last year. Net income for the first half was $15,000, or $0.00 per share, compared with net income of $184,000, or $0.04 per share, for the same period the prior year.
 "The second quarter profit decline is primarily the result of the severe winter weather in our markets during the first part of the quarter. Record snow falls occurred in our northern markets, while the southwest experienced record rainfall. Sales declines of approximately 10 percent vs. year-ago were experienced during these weeks. Encouragingly, same-store sales were positive to year-ago in the last period of the quarter and have remained above year-ago for the first four weeks of the third quarter," commented David E. Pertl, vice president and chief financial officer.
 Total revenues for the second quarter were $25.4 million, a decrease of 6.5 percent from total revenues of $27.1 million for the same quarter last year. For the first half, total revenues decreased 5.4 percent to $50.9 million, compared with $53.7 million for the same period last year. The decrease in revenues is primarily the result of fewer restaurants. The company operated 105 JB's Restaurants at the end of the second quarter, compared to 132 at the end of the same period of the prior year. The decrease in operating units is primarily the result of the sale of 23 under-performing JB's Restaurants to IHOP Corp. in the fourth quarter of fiscal 1992. With the disposition of these under-performing JB's Restaurants, average store sales increased 3.6 percent for the quarter and 3.5 percent for the first half. Same-store sales (sales from stores open in both fiscal 1993 and 1992) declined 1.9 percent for the quarter, which management believes is primarily because of the severe weather noted above.
 "We are pleased to announce the opening of our fifth HomeTown Buffet restaurant on March 17, 1993, in Tucson, Ariz. This restaurant opened with record sales averaging $69,000 per week in sales its first two weeks. We continue to be confident in our strategy of improving same-store JB's Restaurant sales while concentrating our expansion capital on additional HomeTown Buffet restaurants," said Fred P. Gonzales, president and chief executive officer.
 JB's Restaurants Inc. has restaurant operations in 11 western states in which it currently operates 105 and franchises eight JBs family-style restaurants, operates 12 franchised Sbarro restaurants and operates five franchised HomeTown Buffet restaurants. The company also owns an approximate 25 percent interest in Americana Entertainment Group Inc., the parent company of HomeTown Buffet Inc., which currently operates nine HomeTown Buffet restaurants in California and southern Oregon.
 JB'S RESTAURANTS INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 12 Weeks Ended 24 Weeks Ended
 March 15, March 16, March 15, March 16,
 1993 1992 1993 1992
 Total revenues $25,352,000 $27,120,000 $50,871,000 $53,747,000
 Costs and expenses
 Food costs 8,069,000 8,204,000 16,083,000 16,224,000
 Restaurant
 operating
 expenses 14,018,000 14,958,000 27,908,000 30,008,000
 General and
 administrative
 expenses 1,516,000 1,460,000 2,966,000 2,884,000
 Depreciation and
 amortization 1,580,000 1,726,000 3,182,000 3,446,000
 Total costs and
 expenses 25,183,000 26,348,000 50,139,000 52,562,000
 Income from
 operations 169,000 772,000 732,000 1,185,000
 Interest and other
 income (expense),
 net (353,000) (496,000) (706,000) (897,000)
 Income (loss) before
 income taxes (184,000) 276,000 26,000 288,000
 Income taxes
 (benefit) (76,000) 100,000 11,000 104,000
 Net income (loss) ($108,000) $176,000 $15,000 $184,000
 Net income (loss)
 per common share ($0.02) $0.04 $0.00 $0.04
 Weighted average
 shares
 outstanding 4,810,413 4,631,352 4,749,190 4,630,081
 -0- 4/13/93
 /CONTACT: David E. Pertl, VP and CFO of JB's Restaurants, 801-974-4300/
 (JBBB)


CO: JB's Restaurants Inc. ST: Utah IN: LEI SU: ERN

BP-LS -- LA003R -- 5007 04/13/93 07:19 EDT
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Date:Apr 13, 1993
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