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ATLANTIC RESTAURANT VENTURES, INC. REPORTS 22 PERCENT INCREASE IN FIRST QUARTER NET INCOME

 ATLANTIC RESTAURANT VENTURES, INC. REPORTS 22 PERCENT INCREASE
 IN FIRST QUARTER NET INCOME
 DANVERS, Mass., Nov. 11 /PRNewswire/ -- Atlantic Restaurant Ventures, Inc. reported net income for the quarter ended Sept. 27, 1992, increased 22.4 percent to $68,000 on revenues of $3,523,000 compared to net income of $55,000 on revenues of $2,856,000 for the comparable quarter of last year. Pretax earnings during the quarter increased 64 percent to $101,000 compared to $61,000 for the comparable quarter of last year.
 "I am pleased with the first quarter results," said Joseph R. O'Brien, president and chief operating officer. "Our strong first quarter earnings were a result of a 10.2 percent increase in comparable restaurant sales for the period."
 Atlantic Restaurant Ventures, Inc. owns and operates seven Fuddruckers restaurants located in Maryland and Virginia.
 -0- 11/11/92
 /CONTACT: Ernest V. Trigilio, Atlantic Restaurant Ventures chief operating officer, 508-774-9115/ CO: Atlantic Restaurant Ventures, Inc. ST: Massachusetts IN: FOD SU: ERN


CN -- NE001 -- 9564 11/11/92 07:31 EST
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Publication:PR Newswire
Date:Nov 11, 1992
Words:175
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