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HAMBURGER HAMLET ANNOUNCES 1991 EARNINGS

 HAMBURGER HAMLET ANNOUNCES 1991 EARNINGS
 SHERMAN OAKS, Calif., March 3 /PRNewswire/ -- Hamburger Hamlet


Restaurants Inc. (NASDAQ-NMS: HAMB) announced earnings today for its fourth fiscal quarter and fiscal year ended Dec. 29, 1991.
 The company reported that total revenues increased 11.0 percent to $13.50 million for the fourth quarter of 1991 from $12.16 million in the same period of 1990. Income from operations increased 19.8 percent to $835,000 for the fourth quarter of 1991 from $697,000 for the comparable period in 1990. Net loss for the fourth quarter of 1991 was ($759,000), or ($.27) per share compared to ($287,000) or ($.15) per share for the same period in 1990. The net loss reported for the quarter included an extraordinary charge of $383,000 (net of income tax benefits of $219,000), or $.14 per share. Those extraordinary charges resulted from the write-off of unamortized loan costs and unamortized loan discount incurred in connection with the repayment of the company's secured debt from the proceeds of the company's initial public offering and borrowings under its new revolving credit facility. In addition, the results included non-recurring pretax expenses of $580,000 incurred in connection with the settlement of certain non-competition and consulting agreements.
 Total revenues increased 9.6 percent to $53.01 million for 1991, compared with $48.37 million for 1990. Income from operations increased 13.0 percent to $3.36 million for 1991 compared with $2.97 million for 1990. Net loss for 1991 was ($992,000) or ($.46) per share as compared with net loss of ($714,000), or ($.37) per share for the comparable period of 1990. Included in the net loss reported for 1991 was the extraordinary charge of $383,000, and the non-recurring expense of $580,000 (pre-tax) incurred in the fourth quarter.
 Same store revenues increased .7 percent for the fourth quarter of 1991 and .6 percent for the year ended Dec. 29, 1991 over the same periods in 1990.
 "Now that we have the IPO behind us, we have substantially reduced the debt and associated interest expense," said Thomas A. McFall, chairman and chief executive officer. "We are well positioned to realize our growth and profit potential," he said. "We are pleased with our increase in operating profits and the stability of our same store sales," he continued.
 "Our new stores are all ahead of budget and we are very excited about their prospects," he said.
 "I look forward to our management team continuing to meet the company's objectives for growth," said McFall. "We are truly well positioned for significant controlled growth in the coming years," he added.
 On Nov. 29, 1991 the company completed its initial public offering of 2.275 million shares of common stock at $11.50 per share. Net proceeds from the offering were used to repay debt incurred in the 1988 management-led buyout of the company.
 Founded in 1950, the company owns and operates 26 restaurants under the names Hamburger Hamlet (24), Portner's (1) and Hamlet Gardens (1). They are located in the Southern California (18), Washington, D.C. (6), and Chicago (2) metropolitan areas. The company expects to open four to five new restaurants in 1992, and, subject to market conditions and other factors, at least four to five restaurants per year thereafter.
 -0- 3/3/92
 /CONTACT: Anne Fitzpatrick of Hamburger Hamlets, 818-995-7333/
 (HAMB) CO: Hamburger Hamlet Restaurants Inc. ST: California IN: LEI SU: ERN


SM -- NY021 -- 4362 03/03/92 09:34 EST
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Date:Mar 3, 1992
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