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WINTER STORM AFFECTS CUCOS' EARNINGS

 NEW ORLEANS, May 12 /PRNewswire/ -- Cucos, Inc. (NASDAQ: CUCO) announced that earnings for the quarter ending April 4, increased despite the significant impact of the winter storm over the weekend of March 12-14.
 Earnings for the quarter ended April 4, increased to $14,665 from $3,622 for the comparable quarter of the prior year.
 "Snow and strong winds affected operations at 25 of the 29 restaurants located in the Southeast," noted Vincent J. Liuzza Jr., president. Snow and icy conditions were experienced in New Orleans, northern Louisiana, Alabama, and Georgia on Friday, March 12, resulting in early closings most of the weekend. The shopping center in Birmingham, Ala. where one of the company's newly acquired restaurants is located burned during the storm, but the restaurant was saved. This restaurant reopened six days later, but with limited parking and with resulting lower sales. High winds caused some property damage at two Florida locations. "We currently estimate lost profits due to the storm at $30,000," noted Liuzza.
 In other developments, three conversions to Cucos Border Cafe were completed during the quarter: a company restaurant in Gainesville, Fla. and franchised restaurants in Cutler Ridge, Fla. and Jacksonville, Fla. Franchised restaurants in Birmingham and Montgomery, Ala., were purchased during the quarter, and an additional franchised restaurant in Pensacola, Fla., was purchased subsequent to the end of the quarter.
 Cucos is a Sonoran-style Mexican restaurant chain consisting of 18 company-owned restaurants and 13 franchised restaurants located primarily in the southeastern United States.
 CUCOS INC.
 Statement of Operations
 Unaudited
 12 weeks ended 4/4/93 4/5/92
 Revenues:
 Sales of food and beverages $ 4,660,820 $3,873,588
 Franchise fees and royalties 133,557 143,017
 Commissary, rent & other income 78,281 83,306
 Total revenues 4,872,658 4,099,911
 Costs and expenses:
 Restaurant operating 4,040,536 3,349,009
 Franchise and administrative 688,049 647,082
 Interest 89,318 55,516
 Amortization of preopening costs 40,090 44,682
 Total costs and expenses 4,857,993 4,096,289
 Net income before taxes 14,665 3,622
 Income taxes --- ---
 Net income $ 14,665 $ 3,622
 Net income per share $ 0.01 $ 0.00
 Weighted shares outstanding 2,174,451 2,113,747
 40 weeks ended 4/4/93 4/5/92
 Revenues:
 Sales of food and beverages $14,706,017 $12,360,741
 Franchise fees and royalties 415,139 530,600
 Commissary, rent & other income 244,691 324,281
 Total revenues 15,365,847 13,215,622
 Costs and expenses:
 Restaurant operating 12,729,982 10,656,658
 Franchise and administrative 2,190,210 2,102,145
 Interest 244,588 197,851
 Amortization of preopening costs 108,291 122,293
 Total costs and expenses 15,273,071 13,078,947
 Net income before taxes 92,776 136,675
 Income taxes --- ---
 Net income $ 92,776 $ 136,675
 Net income per share $ 0.04 $ 0.06
 Weighted shares outstanding 2,150,113 2,113,747
 -0- 5/12/93
 /CONTACT: Thomas J. Sandeman, vice president-Finance of Cucos, 504-835-0306/
 (CUCO)


CO: Cucos Inc. ST: Louisiana IN: LEI SU: ERN

RA-BR -- AT014 -- 7683 05/12/93 15:14 EDT
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Publication:PR Newswire
Date:May 12, 1993
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