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COOKER RESTAURANT CORPORATION ANNOUNCES EARNINGS

 COLUMBUS, Ohio, April 19 /PRNewswire/ -- The Cooker Restaurant Corporation (NASDAQ-NMS: COKR) today announced earnings for its first quarter ended April 3, 1994. Sales for the quarter increased 28.9% to $20,120,546. Net earnings for the quarter were $652,453 or $.09 per share, as compared to the prior year's first quarter earnings of $988,876 or $.13 per share.
 "Results for the quarter were impacted by severe weather in the majority of our markets, especially during January and the first half of February," stated G. Arthur Seelbinder, Chairman and Chief Executive Officer. "We recently announced plans to open six restaurants in 1994 rather than the eight restaurants previously planned," added Seelbinder. "We have opened ten restaurants in the past twelve months and this reduced 1994 opening plan will allow us to focus on strengthening the sales and profitability of our existing units."
 COOKER RESTAURANT CORPORATION
 FINANCIAL HIGHLIGHTS
 13 WEEKS ENDED
 4/3/94 4/4/93 INCREASE
 Sales $20,120,546 $15,612,480 28.9%
 Net Earnings $652,453 $988,876 (34.0%)
 E.P.S. 0.09 0.13 (29.8%)
 Weighted Average
 Shares Outstanding 7,397,845 7,869,018 (6.0%)
 Cooker owns and operates 31 full service restaurants in Tennessee, Indiana, Ohio, Michigan, Kentucky, Florida, Georgia, North Carolina, Virginia and Maryland. The company's common shares are traded on the NASDAQ-National Market System under the symbol "COKR."
 -0- 4/19/94
 /CONTACT: William Z. Esch, vice president, chief financial officer, of Cooker Restaurant Corporation, 614-457-8500/
 (COKR)


CO: Cooker Restaurant Corporation ST: Ohio IN: LEI SU: ERN

BM-TJ -- CL027 -- 8147 04/19/94 12:11 EDT
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Publication:PR Newswire
Date:Apr 19, 1994
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