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INTERNATIONAL DAIRY QUEEN ANNOUNCES THIRD QUARTER RESULTS

 MINNEAPOLIS, Oct. 1 /PRNewswire/ -- International Dairy Queen (NASDAQ-NMS: INDQA)(IDQ) today announced that earnings for the third quarter ended Aug. 27, 1993, increased to $10,677,064 ($.43 per share) as compared with $10,535,755 ($.41 per share) for the comparable period in 1992. Per share amounts are based on the common and common equivalent shares outstanding of 24,994,805 for the third quarter of 1993 and 25,979,779 for the comparable period in 1992.
 Revenues for the third quarter of 1993 were $98,773,016 compared to $91,947,258 for the third quarter of 1992.
 Operations for the nine months ended Aug. 27, 1993, resulted in earnings of $23,951,947 ($.95 per share) compared to earnings of $23,616,081 ($.90 per share) for the comparable period in 1992. Per share amounts are based on common and common equivalent shares outstanding of 25,232,560 in 1993 and 26,150,754 in 1992.
 Revenues for the nine-month period were $244,480,367 compared to $235,083,758 for the first nine months of 1992.
 The Omnibus Budget Reconciliation Act of 1993, which was signed into law on Aug. 10, 1993, increased corporate income tax rates from 34 to 35 percent retroactive to Jan. 1, 1993. This retroactive increase resulted in an additional tax charge for the year-to-date, which was all reflected against third quarter earnings in the amount of $400,000 ($.02 per share). This increase will also add to future tax expense and require an increase in the company's effective tax rate from 38.5 percent to 39.5 percent for the fiscal year ended Nov. 30, 1993.
 IDQ develops, licenses and services a system of more than 5,400 "Dairy Queen" stores in the United States, Canada and other foreign countries featuring hamburgers, hot dogs, chicken, various dairy desserts, and beverages; more then 490 "Orange Julius" stores in the United States, Canada and other foreign countries, featuring blended drinks made from orange juice, fruits and other fruit flavors, along with various snack items; and 100 "Karmelkorn" stores featuring popcorn and other treat items.
 INTERNATIONAL DAIRY QUEEN (IDQ)
 Financial Information
 THIRD QUARTER 1993 1992
 Revenues $98,773,016 $91,947,258
 Earnings $10,677,064 $10,535,755
 Earnings per share $.43 $.41
 Common and common equivalent
 shares outstanding 24,994,805 25,979,779
 NINE MONTHS 1993 1992
 Revenues $244,480,367 $235,083,758
 Earnings $23,951,947 $23,616,081
 Earnings per share $.95 $.90
 Common and common equivalent
 shares outstanding 25,232,560 26,150,754
 -0- 10/1/93
 /CONTACT: Frank L. Heit, 612-830-0316, or Charles W. Mooty, 612-830-0364, both of International Dairy Queen/
 (INDQA)


CO: International Dairy Queen ST: Minnesota IN: REA SU: ERN

AL-DS -- MN007 -- 7728 10/01/93 10:52 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
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