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ATLANTIC RESTAURANT VENTURES, INC. REPORTS THIRD CONSECUTIVE QUARTER OF INCREASED EARNINGS

 DANVERS, Mass., May 11 /PRNewswire/ -- Atlantic Restaurant Ventures, Inc. reported income from continuing operations of $63,000 on revenues of $3,246,000 for the quarter ended March 28, 1993, as compared to a loss from continuing operations of $183,000 on revenues of $2,730,000 for the quarter ended March 29, 1992. Net income during the quarter, which included an after tax extraordinary gain of $160,000 related to the settlement of certain liabilities, totaled $223,000 as compared to a net loss of $183,000 during the comparable quarter of last year. Earnings per share from continuing operations amounted to 1 cent during the quarter as compared to a loss per share of 4 cents during the comparable quarter of last year. Earnings per share from net income amounted to 3 cents for the quarter as compared to a loss of 4 cents during the comparable quarter of last year.
 Income from continuing operations for the first nine months of fiscal 1993 amounted to $135,000 on revenues of $9,782,000 as compared to a loss from continuing operations of $203,000 on revenues of $8,097,000 for the first nine months of last year. Net income for the first nine months of fiscal 1993, including the after tax extraordinary gain of $160,000 in the third quarter, totaled $295,000 as compared to a net loss of $203,000 during the comparable period of last year. Earnings per share from continuing operations amounted to 2 cents for the first nine months of fiscal 1993 as compared to a loss per share of 4 cents for the first nine months of last year. Earnings per share from net income for the first nine months of fiscal 1993 amounted to 4 cents as compared to a loss per share of 4 cents for the comparable period of last year.
 Atlantic Restaurant Ventures, Inc. owns and operates seven Fuddruckers restaurants located in Maryland and Virginia.
 -0- 5/11/93
 /CONTACT: Louie Psallidas, corporate controller, DAKA International, 508-774-9115/


CO: Atlantic Restaurant Ventures ST: Massachusetts IN: FOD SU: ERN

DJ -- NE018 -- 7095 05/11/93 13:16 EDT
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Date:May 11, 1993
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