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CHART HOUSE REPORTS FIRST QUARTER RESULTS

 CHART HOUSE REPORTS FIRST QUARTER RESULTS
 SOLANA BEACH, Calif., April 20 /PRNewswire/ -- Chart House


Enterprises Inc. (NYSE: CHT) announced that net income for the first quarter ended March 31, 1992 was $883,000 ($.11 per share) compared to $492,000 ($.06 per share) for the first quarter of 1991. First quarter revenues were $39.7 million in 1992 compared to $38.7 million in 1991.
 Chairman and Chief Executive Officer John Creed said he is satisfied with the results considering the sluggish economy. He added that the company is substantially on target with its development plan of opening three Chart Houses, three Islands, two Mango's and one Paradise Bakery in 1992.
 Also, as part of the company's strategy to emphasize the franchising of Paradise Bakery restaurants, Creed said that the company has signed an agreement to sell its seven Dallas and two Houston Paradise Bakeries to a franchisee. The transaction is scheduled to close during the second quarter of 1992.
 Chart House Enterprises Inc. operates 95 restaurants, including 67 Chart Houses, one Peohe's 24 Paradise Bakeries and three Cork 'N Cleavers. The company's franchisees operate an additional 22 Paradise Bakeries. Chart House also has license rights to develop 50 Islands restaurants in Florida, Hawaii and the metropolitan areas of San Diego, Phoenix and Tucson, and an option to acquire a license to develop an additional 100 restaurants in the Northeast.
 CHART HOUSE ENTERPRISES INC.
 Summary of Operations
 (In thousands, except per share data)
 First Quarter Ended March 31,
 1992 1991
 Revenues $39,651 $38,728
 Income from restaurant
 operations $5,920 $5,670
 Selling, general and
 administrative expenses 3,029 3,187
 Interest expense 1,392 1,660
 Income before income taxes $1,499 $823
 Net income $883 $492
 Net income per common share $.11 $.06
 Weighted average shares
 outstanding 8,219 8,200
 -0- 4/20/92
 /CONTACT: Harold E. Gaubert Jr., VP and CFO of Chart House Enterprises, 619-755-8281, or Stephen B. Booke of Booke and Co., 212-490-9095, for Chart House Enterprises/
 (CHT) CO: Chart House Enterprises Inc. ST: California IN: LEI SU: ERN


AL -- SD003 -- 0062 04/20/92 12:30 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
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