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KARL KARCHER ENTERPRISES INC. REPORTS NET INCOME FOR THIRD QUARTER ENDED NOV. 4

 KARL KARCHER ENTERPRISES INC. REPORTS NET INCOME
 FOR THIRD QUARTER ENDED NOV. 4
 Signs Agreement to Establish Restaurant in the Middle East
 ANAHEIM, Calif., Dec. 5 /PRNewswire/ -- Carl Karcher Enterprises Inc. (NASDAQ: CARL) today reported net income of $1.9 million, or $.11 per fully diluted share, for the third fiscal quarter ended Nov. 4, 1991. For the previous year's 12-week period, net income was $2.1 million, also equal to $.11 per fully diluted share. Revenues for the third quarter rose to $123.2 million from $120.9 million in the same period last year.
 Net income for the first 40 weeks of fiscal 1992 amounted to $8.4 million, or $.46 per fully diluted share, compared with $12.4 million, or $.68 per fully diluted share, last year. Revenues for the year-to-date period rose to $419.5 million from $403 million for the corresponding period in fiscal 1991.
 Donald F. Karcher, president and chief operating officer, said the performance for the quarter was in line with expectations, given the weak economic environment. "We are continuing to selectively trim costs at both the restaurant and corporate level, and we are completing the installation of a computerized labor management system, which should enhance restaurant productivity," Karcher said. "These and other measures are aimed at helping us move forward during the current challenging times and position the company for a resumption of real growth."
 Karcher added that during the quarter, the company signed an international licensing agreement to establish Carl's Jr. restaurants in the Middle East, and subsequent to the close of the quarter, signed an agreement to open restaurants in Guadalajara and other cities in the state of Jalisco, Mexico. The company is also in the process of testing a number of new products, and will launch a new advertising campaign later this month.
 Carl Karcher Enterprises Inc. operates Carl's Jr. restaurants, a regional quick-service chain known for its varied menu and healthful, premium quality products. Founded in 1941, the company, its franchisees and licensees operate 618 restaurants in California, Nevada, Oregon, Arizona, Japan and Mexico.
 CARL KARCHER ENTERPRISES INC.
 STATEMENTS OF INCOME
 (In thousands except per share data)
 (Unaudited)
 Twelve Weeks Ended
 Nov. 4, 1991 Nov. 5, 1990
 Dollars Percent Dollars Percent
 Revenues:
 Restaurant sales $107,437 87.2 pct. $108,580 89.8 pct.
 Food service sales 14,492 11.8 11,255 9.3
 Franchise revenues 1,179 .9 866 .7
 Other 107 .1 196 .2
 Total 123,215 100.0 120,897 100.0
 Costs and expenses:
 Cost of sales:
 Restaurants 94,325 76.5 93,523 77.4
 Food services 13,659 11.1 10,466 8.6
 General and
 administrative 10,968 8.9 9,939 8.2
 Interest expense 4,047 3.3 4,569 3.8
 Total 122,999 99.8 118,497 98.0
 Investment and
 other income 2,621 2.1 52 .0
 Income before
 income taxes 2,837 2.3 2,452 2.0
 Income tax expense 894 .7 379 .3
 Net income $1,943 1.6 pct. $2,073 1.7 pct.
 Earnings per share:
 Primary $.11 $.11
 Fully diluted $.11 $.11
 Weighted average shares:
 Primary 18,145 18,070
 Fully diluted 18,175 18,070
 40 Weeks Ended
 Nov. 4, 1991 Nov. 5, 1990
 Dollars Percent Dollars Percent
 Revenues:
 Restaurant sales $365,350 87.1 pct. $363,563 90.2 pct.
 Food service sales 47,184 11.2 35,313 8.8
 Franchise revenues 3,791 .9 3,299 .8
 Other 3,223 .8 843 .2
 Total 419,548 100.0 403,018 100.0
 Costs and expenses:
 Cost of sales:
 Restaurants 320,050 76.3 308,241 76.5
 Food service 44,374 10.6 32,974 8.2
 General and
 administrative 36,756 8.7 33,363 8.3
 Interest expense 13,706 3.3 14,153 3.5
 Total 414,886 98.9 388,731 96.5
 Investment and
 other income 7,575 1.8 3,845 1.0
 Income before
 income taxes 12,237 2.9 18,132 4.5
 Income tax expense 3,864 .9 5,713 1.4
 Net income $8,373 2.0 pct. $12,419 3.1 pct.
 Earnings per share:
 Primary $.46 $.68
 Fully diluted $.46 $.68
 Weighted average shares:
 Primary 18,194 18,192
 Fully diluted 18,211 18,192
 -0- 12/5/91
 /CONTACT: Loren Pannier, CFO, Carl Karcher Enterprises Inc., 714-778-7109; Susan Klein or Roger Pondel of Rifkind Pondel & Parsons, 310-207-9300, for Carl Karcher Enterprises/
 (CARL) CO: Carl Karcher Enterprises Inc. ST: California IN: FOD SU: ERN


DM-SE -- LA004 -- 9530 12/05/91 09:31 EST
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Date:Dec 5, 1991
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