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UNO REPORTS EARNINGS FOR FIRST FISCAL QUARTER

 BOSTON, Mass., Jan. 12 /PRNewswire/ -- Uno Restaurant Corporation (NYSE: UNO) today announced that net income for the first quarter of fiscal 1993 was $815,000, or 9 cents per share, compared to $870,000, or 10 cents per share, for the same period last year. Revenue for the first quarter increased 20 percent to $23.8 million from $19.7 million for the comparable period last year.
 In making the announcement, Aaron Spencer, chairman and CEO, stated, "Earnings for the quarter were in line with expectations, except for two non-recurring factors; the negative affect of the December northeast blizzard estimated at $250,000 in lost sales and one cent per share, as well as $150,000 of pre-tax expense, or one cent per share, related to the discontinued merger negotiations with Morrison Restaurants, Inc."
 Spencer further stated that, "Sales are continuing to grow rapidly in our retail sales business, and were up 58 percent to $1.1 million this quarter. A new production facility and a recent contract with American Airlines to supply at least 1.5 million pizzas this year for its flights, should assure continued sales growth. The retail sales growth this quarter helped to offset somewhat the affect of same-store restaurant sales that were approximately 4.8 percent below last year, or 6 percent below including the impact of the December blizzard. However, same-store sales for the first two weeks of January are virtually even with last year's level. If consumer confidence continues to improve, especially in the Northeast, it will be easier to sustain this improving sales trend throughout the remainder of the fiscal year.
 Uno Restaurant Corporation owns and operates 51 and franchises 59 casual dining, full-service restaurants under the name "Pizzeria Uno Restaurant & Bar." The company units are located principally in the Northeast and Mid-Atlantic regions, and the franchised units operate nationwide.
 UNO RESTAURANT CORPORATION
 (Amounts in Thousands, except per share data)
 13 Weeks Ended
 12 27/92 12/29/91 Percent Change
 Revenue:
 Restaurant sales $21,806 $18,120 20.3
 Retail sales 1,140 720 58.3
 Franchise income 842 906 -7.1
 Total 23,788 19,746 20.5
 Costs and Expenses:
 Cost of sales $ 5,560 4,392 26.6
 Operating expenses 12,368 10,008 23.6
 General & administrative 1,772 1,765 ---
 Depreciation & amortization 1,657 1,356 22.2
 Advertising & promotion 831 721 15.3
 Total 22,188 18,242 21.6
 Operating income 1,600 1,504 6.4
 Other income(expense):
 Investment income 10 228 ---
 Interest expense (204) (231) 11.7
 Other income (expense) 1 (51) ---
 Total (193) (54) 257.4
 Income before income taxes 1,407 1,450 -3.0
 Provision for income taxes 592 580 .7
 Net income 815 870 -6.3
 Earnings per common share 9 cents 10 cents -10.0
 Weighted avg. shares
 outstanding 9,033 9,031 ---
 -0- 1/12/93
 /CONTACT: Bob Brown, chief financial officer of Uno Restaurant Corporation, 617-323-9200, ext. 221/
 (UNO)


CO: Uno Restaurant Corporation ST: Massachusetts IN: LEI SU: ERN

SJ -- NE019 -- 4244 01/12/93 18:05 EST
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Publication:PR Newswire
Date:Jan 12, 1993
Words:514
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