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SOUTHWEST CAFES ANNOUNCES SECOND QUARTER FISCAL 1992 RESULTS

 SOUTHWEST CAFES ANNOUNCES SECOND QUARTER FISCAL 1992 RESULTS
 DALLAS, Nov. 27 /PRNewswire/ -- Southwest Cafes, Inc. (NASDAQ/NMS: TXMX), today announced financial results for the quarter ended Nov. 11, 1991. The net income for the quarter increased 35.1 percent to $77,000, or 2 cents per share, up from $57,000, or 1 cent per share, for the same 12 week period a year ago. Earnings improved as a result of increased restaurant sales and improved food and labor costs.
 Net sales from company operations were $19,716,000, an increase of 5.5 percent from the $18,693,000 recorded a year ago. Sales from company-owned stores increased 3.6 percent from $17,860,000 to $18,501,000. Franchise related income increased from $355,000 to $454,000, due to increased franchise store sales. Sales of equipment increased from $478,000 to $761,000.
 Southwest Cafes, Inc., a Dallas-based company, owns and franchises a group of 90 full-service, "Tex-Mex" style Mexican and concept restaurants in 12 states throughout the Southern and Southwestern regions of the United States.
 SOUTHWEST CAFES, INC.
 12 Weeks Ended Nov. 11, 1991 Nov. 12, 1990
 Net Sales-Company Operations $19,716,000 $18,693,000
 Income Before Income Taxes $ 111,000 $ 88,000
 Net Income $ 77,000 $ 57,000
 Per Share Income $ 0.02 $ 0.01
 Weighted Average Shares
 Outstanding 4,301,686 4,363,299
 24 Weeks Ended Nov. 11, 1991 Nov. 12, 1990
 Net Sales-Company Operations $41,173,000 $39,484,000
 Income Before Income Taxes $ 914,000 $ 604,000
 Net Income $ 594,000 $ 410,000
 Per Share Income $ 0.14 $ 0.09
 Weighted Average Shares
 Outstanding 4,26,855 4,455,921
 -0- 11/27/91
 /CONTACT: Gary W. Coder, executive vice president & chief financial officer of Southwest Cafes, 214-241-5500/
 (TXMX) CO: Southwest Cafes, Inc. ST: Texas IN: REA SU: ERN


JT -- NY052 -- 7904 11/27/91 17:07 EST
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Publication:PR Newswire
Date:Nov 27, 1991
Words:318
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