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THE RESTAURANT ENTERPRISES GROUP INC. ANNOUNCES 1991 RESULTS

 THE RESTAURANT ENTERPRISES GROUP INC. ANNOUNCES 1991 RESULTS
 IRVINE, Calif., March 9 /PRNewswire/ -- The following table sets forth the audited results of operations of The Restaurant Enterprises Group Inc. for the year ended Dec. 30, 1991, as compared to the year ended Dec. 31, 1990.
 THE RESTAURANT ENTERPRISES GROUP INC.
 (Dollars in thousands except per share and shares outstanding)
 For the Years Ended
 Dec. 30, Dec. 31,
 1991 1990
 Sales $869,862 $905,650
 Cost of sales 806,680 840,927
 General and administrative
 expenses 49,713 50,285
 Interest expense, net 42,321 43,282
 Gain on disposition of
 properties, net (1,097) (1,864)
 Total costs and expenses 897,617 932,630
 Loss before income tax
 provision (27,755) (26,980)
 Income tax provision 522 528
 Net loss ($28,277) ($27,508)
 Loss per common share ($192.33) ($233.02)
 Weighted average common
 shares outstanding 217,213 169,606
 The Restaurant Enterprises Group Inc., headquartered in Irvine, is one of that state's largest privately held companies and operates, including 107 recently acquired Bob's Big Boy and Allie's restaurants, some 607 restaurants in 25 states and the District of Columbia. In addition to its family dining concepts (Coco's, Carrows, jojos, Bob's and Allie's), REG's restaurant operations include dinnerhouses (Reuben's, Charley Brown's and Baxter's), Mexican dinnerhouses (El Torito, Casa Maria and Casa Gallardo), numerous unique specialty dinnerhouses and a licensing arrangement under which Coco's Japan operates or sub-licenses approximately 200 Coco's restaurants in Japan and Korea.
 -0- 3/9/92
 /CONTACT: Robert T. Trebing, VP-Finance of The Restaurant Enterprises Group, 714-852-5700/ CO: The Restaurant Enterprises Inc. ST: California IN: LEI SU: ERN


DM-KJ -- LA009 -- 6255 03/09/92 09:31 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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