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UNO NET INCOME UP 63 PERCENT FOR SECOND FISCAL QUARTER

 UNO NET INCOME UP 63 PERCENT FOR SECOND FISCAL QUARTER
 BOSTON, April 15 /PRNewswire/ -- Uno Restaurant Corporation


(NYSE: UNO) today announced that net income for the second fiscal quarter was $634,000 (7 cents per share) compared to $390,000 (5 cents per share) for the same period last year. Net income for the first half of fiscal 1992 was $1,504,000 (17 cents per share), up 7 percent from $1,400,000 (17 cents per share) for the comparable period a year ago. Revenue for the second quarter of fiscal 1992 increased 19 percent to $19.6 million, while revenue for the first half rose by 18 percent to $39.3 million compared to the same period last year.
 In making the announcement, Aaron Spencer, Chairman and CEO, stated, "lower food costs, strict overhead cost controls, growth in our retail supermarket business, and five strong company store openings this year (Hartford, Pittsburgh, Boston (2) and New York), including four during the second fiscal quarter, contributed to the resumption of earnings growth. Comparable-store sales remained positive in the upstate and metropolitan New York markets, as well as the mid-Atlantic markets. However, same-store sales in the Boston market, and sales at new units in the Midwest continue to be affected by the economic downturn. Overall, same-store sales during the second quarter were 2.6 percent below last year's level."
 Uno Restaurant Corporation operates and franchises a chain of casual dining, full-service restaurants under the name "Pizzeria Uno Restaurant & Bar." The restaurants feature gourmet, Chicago-style deep dish pizza and also offer a variety of thin-crust gourmet pizza, pasta entrees, sandwiches, appetizers, salads and desserts. The company currently owns and operates 44 Pizzeria Uno restaurants and franchises 58 units in a total of 21 states, the District of Columbia and Canada (1).
 UNO RESTAURANT CORPORATION
 (Amounts in Thousands, except per share data)
 13 Weeks Ended
 3/29/92 3/31/91
 Revenue:
 Restaurant sales $17,761 $15,281
 Retail sales 995 460
 Franchise income 847 799
 Total 19,603 16,540
 Costs and Expenses:
 Cost of sales $ 4,463 3,822
 Operating expenses 10,271 8,165
 General & administrative 1,805 1,808
 Depreciation & amortization 1,350 1,259
 Advertising & promotion 654 564
 Total 18,543 15,618
 Operating income 1,060 922
 Other income(expense):
 Investment income 218 64
 Interest expense (180) (243)
 Other income (expense) (44) (48)
 Total (6) (227)
 Income before income taxes 1,054 695
 Provision for income taxes 420 305
 Net income 634 390
 Earnings per common share 7 cents 5 cents
 Weighted avg. shares
 outstanding 9,080 8,216
 26 Weeks Ended
 3/29/92 3/31/91
 Revenue:
 Restaurant sales $35,881 $30,717
 Retail sales 1,715 849
 Franchise income 1,753 1,687
 Total 39,349 33,253
 Costs and Expenses:
 Cost of sales 8,855 7,525
 Operating expenses 20,279 16,088
 General & administrative 3,570 3,402
 Depreciation & amortization 2,706 2,516
 Advertising & promotion 1,375 951
 Total 36,785 30,482
 Operating income 2,564 2,771
 Other income (expense):
 Investment income 446 188
 Interest expense (411) (495)
 Other income (expense) (95) 8
 Total (60) (299)
 Income before income taxes 2,504 2,472
 Provision for income taxes 1,000 1,072
 Net income $1,504 $1,400
 Earnings per common share 17 cents 17 cents
 Weighted avg. shares
 outstanding 9,056 8,118
 -0- 4/15/92
 /CONTACT: Bob Brown, chief financial officer of Uno, 617-323-9200, ext. 221/
 (UNO) CO: Uno Restaurant Corporation ST: Massachusetts IN: REA SU: ERN


TM -- NE017 -- 8790 04/15/92 14:26 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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