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SIZZLER REPORTS FOURTH QUARTER AND YEAR-END OPERATING RESULTS

 LOS ANGELES, July 1 /PRNewswire/ -- Sizzler International Inc. (NYSE: SZ) today reported its operating results for the 12- and 52-week periods ended April 30, 1993.
 The last 12 weeks of the fiscal year ended with a net loss of $2,053,000, equal to 7 cents per share. This was the result of a non- recurring charge for a major, system-wide advertising and marketing initiative, along with costs associated with an isolated outbreak of food-borne illness at two franchised restaurants in rural southern Oregon in March. The charge was approximately $2.8 million after tax, or 10 cents per share. Revenues for the period were $115.4 million, a 13.5 percent decline from $133.5 million a year ago.
 For the 52 weeks ended April 30, 1993, the company reported a net loss of $9,482,000, equal to 33 cents per share, reflecting the above- mentioned charge and establishment of an after-tax reserve of $12.2 million, or 42 cents per share in the first quarter. The first quarter reserve was related to the closure of restaurants and the development of a new full-service restaurant concept, the Buffalo Ranch Steakhouse. Excluding non-recurring charges, earnings for the fiscal year were 19 cents per share. Revenues for the year were $504.2 million, 7 percent less than $543.2 million in the prior year.
 Richard P. Bermingham, president and chief executive officer of Sizzler International, commented, "We are encouraged by the success of our new family repositioning, which has already been introduced in several markets. These test markets have produced positive results in terms of early week sales, profits and customer response. Sizzler has invested nearly a year in development and testing its new `family focus' concept, which seeks to capitalize on a major opportunity to stimulate incremental sales from families -- particularly with increased frequency of weeknight dining. Our research confirmed what we believe -- that Sizzler does an excellent job of providing families with a convenient, enjoyable and value-oriented dining experience."
 One of the key elements of the "family focus" is the new "Just for Kids Bar"(TM), an extension of Sizzler's signature salad bar designed for younger diners. Smaller, lower and stocked with kids' favorite foods, the Kids Bar has tested well.
 "We're rolling out the Kids Bar nationwide," says Bermingham. "It will be in place throughout the U.S. by the end of summer 1993. We've already seen improved results, and we believe that families will be just as excited as we are. Early indications lead us to anticipate better results in the first and second quarters of the new fiscal year.
 "The new Buffalo Ranch Steakhouses will contribute to a stronger financial result during the next fiscal year. Buffalo Ranch is meeting management's expectations. Three are open now, and we anticipate converting another five to seven Sizzlers into Buffalo Ranch Steakhouses this fiscal year, with a similar number of Buffalo Ranches to be opened next year."
 Bermingham also said, "Our major domestic programs are directed at improving operations, increasing sales and reducing costs. At the same time, we are continuing to pursue Sizzler's International development, particularly in the growing nations of the Pacific Rim. Our international operations added 26 restaurants last year, and we anticipate a similar number of international openings this year. Through these efforts, we intend to improve the company's level of performance."
 Sizzler International Inc. operates or licenses 700 Sizzler restaurants worldwide, consisting of 280 company-operated, four joint- ventured and 416 franchised restaurants. In addition, the company operates 80 Kentucky Fried Chicken restaurants in Queensland, Australia, and three Buffalo Ranch Steakhouses in the western United States.
 SIZZLER INTERNATIONAL INC.
 Summary of Results
 Consolidated Statements of Income
 (Dollars in thousands, except per share data)
 For the 12 For the 13
 Weeks Ended Weeks Ended
 April 30, 1993 April 30, 1992
 Systemwide sales $242,825 $280,029
 Revenues $115,442 $133,475
 Net income (loss) ($2,053)(b) $4,947
 Net income (loss) per
 common share ($0.07)(b) $0.17
 Common and common
 equivalent shares 29,154,000 29,216,000
 Common shares, assuming
 full dilution 29,154,000 29,216,000
 For the 52 For the 53
 Weeks Ended Weeks Ended
 April 30, 1993 April 30, 1992
 Systemwide sales $1,050,250 $1,121,384
 Revenues $504,185 $543,179
 Net income (loss) ($9,482)(a)(b) $22,115
 Net income (loss) per
 common share ($0.33)(a)(b) $0.75
 Common and common
 equivalent shares 29,164,000 29,519,000
 Common shares, assuming
 full dilution 29,164,000 29,523,000
 (a) Includes provision of an after-tax reserve of $12.2 million, 42 cents per share, related to the closure of underperforming Sizzler restaurants and the costs of developing a new full-service restaurant concept, Buffalo Ranch Steakhouse.
 (b) Includes a $2.8 million charge to income ($.10 per share), net of tax, related to costs associated with a fourth quarter fiscal 1993 isolated outbreak of food-borne illness at two franchised restaurants in southern Oregon.
 -0- 7/1/93
 /CONTACT: Christopher R. Thomas, executive VP of Sizzler International, 310-827-2300/
 (SZ)


CO: Sizzler International Inc. ST: California IN: LEI SU: ERN

JL-LS -- LA034 -- 7962 07/01/93 17:26 EDT
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Date:Jul 1, 1993
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