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UNO SALES UP 18 PERCENT FOR FIRST FISCAL QUARTER

 UNO SALES UP 18 PERCENT FOR FIRST FISCAL QUARTER
 BOSTON, Jan. 15 /PRNewswire/ -- Uno Restaurant Corporation


(AMEX: UNO) today announced that revenue for the first quarter of fiscal 1992 increased 18 percent to $19.7 million from $16.7 million for the comparable period last year. Net income for the quarter was $870,000, 10 cents per share, compared to $1,010,000, 13 cents per share, for the same period last year.
 In making the announcement, Aaron Spencer, chairman and CEO, stated, "Comparable-store sales improved for the second consecutive quarter, down 1 percent from last year's first quarter. In fact, comparable- store sales turned slightly positive in December for the first time in 14 months. Favorable weather conditions in early January has further helped to improve sales, pushing comparables up 10 percent. Favorable product costs resulted in cost of sales remaining essentially even with a year ago, despite the roll-out of our new high-value menu and larger pizzas. We also were able to lock in a long-term contract for flour and avoid the recent increase in wheat prices." Spencer further stated, "The New England economic environment, although not improving, seems to have stabilized, and improved comparable sales and a resumption of earnings growth are expected for the balance of the fiscal year."
 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 offers a variety of thin-crust gourmet pizza, pasta entrees, sandwiches, appetizers, salads and desserts. It currently owns and operates 40 and franchises 56 Pizzeria Uno restaurants 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
 12/29/91 12/30/90
 Revenue:
 Restaurant sales $18,120 $15,436
 Retail sales 720 389
 Franchise income 906 888
 Total 19,746 16,713
 Costs and expenses:
 Cost of sales 4,392 3,703
 Operating expenses 10,008 7,923
 General and administrative 1,765 1,594
 Depreciation and amortization 1,356 1,257
 Advertising and promotion 721 387
 Total 18,242 14,864
 Operating income 1,504 1,849
 Other income (expense):
 Investment income 228 124
 Interest expense (231) (252)
 Other income (expense) (51) 56
 Total (54) (72)
 Income before income taxes 1,450 1,777
 Provision for income taxes 580 767
 Net income $870 $1,010
 Earnings per common share 10 cents 13 cents
 Weighted avg. shares outstanding 9,035 8,014
 -0- 1/15/92
 /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


DD-SD -- NE011 -- 0074 01/15/92 14:23 EST
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Publication:PR Newswire
Date:Jan 15, 1992
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