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COOKER RESTAURANT CORP. ANNOUNCES 53.5 PERCENT INCREASE IN EARNINGS

 COOKER RESTAURANT CORP. ANNOUNCES 53.5 PERCENT INCREASE IN EARNINGS
 FOLLOWING IS A REPEAT TRANSMISSION OF CL004, COOKER'S EARNINGS,
 MOVED OCT. 13, 1992
 COLUMBUS, Ohio, Oct. 13 /PRNewswire/ -- The Cooker Restaurant Corporation (NASDAQ: COKR) today announced its 18th consecutive quarter of record earnings. For the quarter ended Sept. 27, earnings were $1,019,375 compared with $663,979 in 1991, an increase of 53.5 percent. Earnings per share were $.13, up 30.0 percent from earnings per share of $.10 in 1991's third quarter. Sales for the quarter rose 36.1 percent to $13,331,925 from $9,797,210 a year earlier. Sales for the quarter in restaurants open at least one year increased 2.0 percent over 1991.
 For nine months, net earnings increased 55.1 percent to $2,844,193, up from $1,834,222 in 1991. Earnings per share increased 37.0 percent to $.37 from $.27 in 1991. Sales for the nine months rose 31.8 percent to $38,089,221 from $28,906,185 in 1991. Sales for nine months in restaurants open at least one year increased 3.7 percent over 1991.
 FINANCIAL HIGHLIGHTS
 Three Months Ended September 27, 1992
 1992 1991 Percent Increase
 Sales $13,331,925 $9,797,210 36.1
 Net Earnings $1,019,375 $663,979 53.5
 E.P.S. 0.13 0.10 30.0
 Weighted Average
 Shares
 Outstanding 7,788,964 6,700,000 16.3
 Nine Months Ended September 27, 1992
 1992 1991 Percent Increase
 Sales $38,089,221 $28,906,185 31.8
 Net Earnings $2,844,193 $1,834,222 55.1
 E.P.S. 0.37 0.27 37.0
 Weighted Average
 Shares
 Outstanding 7,778,333 6,904,000 12.7
 Cooker owns and operates 17 full service restaurants in Tennessee, Indiana, Ohio, Michigan, Kentucky and Florida. Restaurants are under construction in Westlake and Columbus, Ohio and in Ft. Myers, Fla. The company plans to open eight to 10 restaurants in 1993. The company's common shares are traded on the NASDAQ National Market System under the symbol "COKR."
 -0- 10/13/92
 /CONTACT: William Z. Esch of Cooker Restaurant Corporation, 614-457-8500/
 (COKR) CO: Cooker Restaurant Corporation ST: Ohio IN: LEI SU: ERN


KK -- CL001B -- 4190 10/23/92 13:09 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
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