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INTERNATIONAL DAIRY QUEEN ANNOUNCES YEAR-END RESULTS

 MINNEAPOLIS, Jan. 12 /PRNewswire/ -- International Dairy Queen (IDQ)(NASDAQ-NMS: INDQA) today announced that earnings for the year ended Nov. 30, 1993, increased to $29,887,693 ($1.19 per share) as compared with $29,094,668 ($1.12 per share) for 1992. Per share amounts are based on common and common equivalent shares outstanding of 25,103,918 in 1993 and 26,036,321 in 1992.
 Revenues for fiscal 1993 increased to $311,093,975 from $297,109,824 in 1992.
 Operations for the fourth quarter ended Nov. 30, 1993, resulted in income of $5,935,746 (24 cents per share) as compared with $5,478,587 (21 cents per share) for the corresponding quarter of 1992. Revenues for the fourth quarter were $66,613,608 compared to $62,026,066 for the fourth quarter ended in 1992. Per share amounts are based on the common and common equivalent shares outstanding of 24,717,994 for the fourth quarter of 1993 as compared to 25,693,045 for the fourth quarter 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 required an increase in the company's effective tax rate from 38.5% to 39.5% for the fiscal year ended Nov. 30, 1993 and resulted in an additional tax charge for the year in the amount of $500,000 (2 cents per share).
 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, various dairy desserts, and beverages; more than 480 "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 90 "Karmelkorn" stores featuring popcorn and other treat items.
 INTERNATIONAL DAIRY QUEEN (IDQ)
 FINANCIAL INFORMATION
 Year ended
 11/30/93 11/30/92
 Revenues $311,093,975 $297,109,824
 Earnings $29,887,693 $29,094,668
 Earnings per share $1.19 $1.12
 Common and common equivalent
 shares outstanding 25,103,918 26,036,321
 Fourth quarter
 11/30/93 11/30/92
 Revenues $66,613,608 $62,026,066
 Earnings $5,935,746 $5,478,587
 Earnings per share $.24 $.21
 Common and common equivalent
 shares outstanding 24,717,994 25,693,045
 -0- 01/12/94
 /CONTACT: Charles W. Mooty of International Dairy Queen, 612-830-0364/
 (INDQA)


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

CP-DB -- MN004 -- 1301 01/12/94 09:27 EST
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Publication:PR Newswire
Date:Jan 12, 1994
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