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CUCOS REPORTS FOURTH QUARTER EARNINGS

 CUCOS REPORTS FOURTH QUARTER EARNINGS
 NEW ORLEANS, Aug. 31 /PRNewswire/ -- Cucos Inc. (NASDAQ: CUCO)


announced that net income advanced moderately for the fourth quarter and year ended June 28.
 Net income for the fourth quarter was $26,104, or $.01 per share, compared to net income of $24,138 or $.01 per share, for the comparable prior year quarter, while revenues for the fourth quarter increased to $4,571,958, up 25.4 percent, from $3,646,253 in the comparable prior year period. Revenues for the year increased to $17,787,580, up 19.8 percent, compared to $14,845,029 achieved in the prior year, while net income increased to $162,779, up 8.5 percent, or $.08 per share, from $150,089, or $.07 per share, in the comparable prior year period. The increase in net income for the fourth quarter and the fiscal year did not keep pace with the increase in revenues because of lower profits from franchisees primarily due to the impact of the recession in franchised markets.
 "Despite the recession, our basic business remains sound and growing," noted Vincent J. Liuzza Jr., chairman and president. "Comparable restaurant sales for company-owned restaurants grew for the eighth consecutive year (up 4.2 percent). We opened one company-owned restaurant, purchased two additional franchised restaurants and opened one franchised restaurant during fiscal 1992. This growth allowed us to be recognized by Restaurant and Institutions Magazine as a member of the '400' largest restaurant chains in the United States based on sales," stated Liuzza.
 During the year the company also tested the next evolution of the Cucos concept by converting two existing Restaurantes to Cucos Border Cafe. "Results for the conversions have exceeded our expectations, building sales by $5,000 - $7,000 per week since reopening as Border Cafes," stated Liuzza. Also, the company introduced Cucos "Heart Healthy" menu which was developed by Glenda Liuzza, vice president-Marketing, in conjunction with Ochsner Hospital. The company's financial condition continued to strengthen with cash balances increasing by over $200,000 to just under $900,000, a current ratio in excess of 1.0 to 1.0 and a debt/equity ratio of about .5 to 1.0.
 "We are now poised to take advantage of an increased number of profit opportunities facing us in 1993," noted Liuzza. A restaurant is under construction in Houma, La., which is projected to open on Sept. 24, and negotiations have begun on additional sites. In addition, the company would like to remodel four additional restaurantes to Cucos Border Cafes during fiscal 1993. "We are confident of improved results for 1993," stated Liuzza.
 Cucos is a Sonoran-style Mexican restaurant chain that currently operates 14 company and 16 franchised restaurants located primarily in the southeastern United States.
 CUCOS INC.
 Statement of Operations
 Unaudited
 4th quarter ended 6/28/92 6/30/91
 Revenues:
 Sales of food and beverages $ 4,347,489 $3,340,308
 Franchise fees and royalties 139,036 201,880
 Commissary, rent & other income 85,433 104,065
 Total 4,571,958 3,646,253
 Cost and expenses 4,545,854 3,622,115
 Net income before income taxes 26,104 24,138
 Income taxes --- ---
 Net income $ 26,104 $ 24,138
 Net income per share $ 0.01 $ 0.01
 Weighted shares outstanding 2,113,747 2,083,747
 Fiscal year ended 6/28/92 6/30/91
 Revenues:
 Sales of food and beverages $16,708,230 $13,591,230
 Franchise fees and royalties 669,636 810,162
 Commissary, rent & other income 409,714 443,637
 Total 17,787,580 14,845,029
 Cost and expenses 17,624,801 14,694,940
 Net income before income taxes 162,779 150,089
 Income taxes --- ---
 Net income $ 162,779 $ 150,089
 Net income per share $ 0.08 $ 0.07
 Weighted shares outstanding 2,113,747 2,083,747
 -0- 8/31/92
 /CONTACT: Thomas J. Sandeman, vice president-Finance of Cucos, 504-835-0306/
 (CUCO) CO: Cucos Inc. ST: Louisiana IN: LEI SU: ERN


BR-EA -- AT010 -- 5070 08/31/92 15:30 EDT
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Date:Aug 31, 1992
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