----O'Charley's Inc.0% in
the first quarter , compared with a tax rate of 33. Four new company-operated
O'Charley's restaurants opened during the first quarter and one
restaurant was closed, bringing the total number of company-operated
O 'Charley's restaurants to 224 at the end of the quarter.3% increase in average check to $13. The
Company expects to open 13 to 15 new Ninety Nine restaurants in 2005,
including one location in suburban Philadelphia, Ninety Nine's newest
market."

Stoney River Legendary Steaks Restaurants

First quarter sales for Stoney River Legendary Steaks increased
4.1% to $7.23 for the twelve weeks ending
July 10, 2005, and net earnings per diluted share of between $1.ocharleysinc.

.

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5% in the
first quarter of 2004. The effective tax rate declined from
the first quarter of 2004 due to higher FICA tip credits, the
recognition of WOTC tax credits, and a lower estimated state
income tax rate.19 and $0.05 and $0.

Mr.

The live broadcast of O'Charley's conference call will be
available online at the Company's website, www. operates 224 company-owned O'Charley's
restaurants in 16 states in the Southeast and Midwest, and has three
franchised O'Charley's restaurants in Michigan and one joint venture
O'Charley's restaurant in Louisiana.
Consolidated Statements of Earnings (unaudited)
Sixteen Weeks Ended April 17 , 2005 and April 18, 2004

2005 2004
----------------- -----------------
(in thousands, except per share data)
Revenues:
Restaurant sales $288,177 99.3%
-------- ------ -------- ------

Income from Operations 19,189 6.

yellowfin portabello

territory. Moe's also offers vegetarian items, a
kid's meal and adult beverages."
Future locations are part of a booming fast-casual market that
NPDFoodworld has reported as a rapidly growing $7 billion category.1
million, or $0.

Gregory L .4% was comprised of a 1. The Company signed an exclusive multi-unit franchise
development agreement with Four Star Restaurant Group, LLC to develop
and operate a total of 10 new O'Charley's restaurants in the states of
Iowa and Nebraska, and in the Topeka, Kansas, and Sioux Falls, South
Dakota, markets.5% to $84.5 million with all six restaurants in operation included in
the same store sales base for the quarter.8% 2,738 1.

tacos tamales

moes.4 million, or 5."

O'Charley's Restaurants

Revenues for O'Charley's increased 7.

Commenting on results for the O'Charley's concept, Mr.2% decrease in customer counts offset by
a 1. Longer term, we remain confident in the strength of our
concepts and the ability to continue to move customer counts at
O'Charley's and Ninety Nine in the right direction . These forward-looking
statements are subject to the finalization of the Company's first
fiscal quarter financial and accounting procedures, and may be
affected by certain risks and uncertainties , including, but not
limited to, the Company's ability to increase operating margins and
sustain increases in same store sales at its restaurants; the effect
that increases in food, labor and other expenses have on our results
of operations; the possible adverse effect on our sales of any
decrease in consumer spending; the effect of increased competition;
the impact on our results of operations of restarting development of
our StoneyRiver concept, and the other risks described in the
Company 's filings with the Securities and Exchange Commission.45 $0.

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C. The development of
the new distribution facility in Bellingham, Massachusetts, is on
schedule, and we expect to open it in the second half of the year. The menu features a wide selection of
appetizers, salads, sandwiches , burgers, entrees and desserts.1%
Payroll and benefits 97,337 33.2%
Restaurant operating costs 51,187 17.5% 1,882 0.

hence savory

Moe's Southwest Grill Continues to Grow at a Significant Rate; 20-Store Franchise Deal Signed for Northern Virginia/Washington D.C. Area

5% to $290.7
million in last year's first quarter.2%
at Ninety Nine Restaurant and Pub, and 4. The Company expects its franchisees and joint venture
partners to open 4 or 5 new O'Charley's restaurants in 2005. The Company's guidance does not
reflect any impact from expensing stock options in fiscal 2005.

Forward Looking Statement

This press release and statements made by or on behalf of the
Company relating hereto may be deemed to constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.

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This franchise deal joins three others already represented in the
area. Additionally, as a
multi-brand portfolio , Raving Brands is able to leverage multi-brand
development to win superior real estate for our restaurants .0% to $196.16 for the full fiscal year ending December 25, 2005.07
per diluted share. the best company for our co-workers,
customers and shareholders, and we are very focused on establishing
our strategic plan to achieve that goal.0%
Costs and Expenses:
Cost of restaurant sales:
Cost of food and beverage 85,584 29.8%
Cost of commissary sales 1,913 0.0%
General and administrative
expenses 12,666 4.3%
Pre-opening costs 1,385 0.6% 3,964 1.

'
-- Casey Stewart

tumbleweed yellowfin

1% at Stoney River
Legendary Steaks.6 million, or $0. stated, "We are pleased with the sales and operating
performance of the Company in the first quarter, particularly in light
of the severe winter weather experienced in many of our markets and
the impact of higher gasoline prices on consumer spending.59."

Investor Conference Call and Web Simulcast

O'Charley's Inc. will conduct a conference call on its first
quarter earnings release on May 11, 2005, at 11:00 a.

About O'Charley's Inc. The menu, with an emphasis on
fresh preparation, features several specialty items such as hand-cut
and aged steaks , a variety of seafood and chicken, freshly baked yeast
rolls, fresh-cut salads with special-recipe salad dressings and
signature caramel pie. Ninety Nine has earned a strong reputation for providing
generous portions of high-quality food at moderate prices in a
comfortable, relaxed atmosphere . In
addition, the Company operates six Stoney River Legendary Steaks
restaurants in Georgia, Illinois , Kentucky and Tennessee.

chiles swirls

Cost of food and beverage,
payroll and benefits costs, and restaurant operating costs
were all lower as a percentage of sales than in the first
quarter of last year.

The effective tax rate applied to pretax earnings was 29. Burns stated, "The winter weather in New England during the
first quarter was more severe than it was in 2004, resulting in a
negative impact on same store sales at Ninety Nine for the quarter. Burns added, "The strong recent performance of Stoney River
continued into the first quarter of 2005, further validating our
decision to grow this concept in a meaningful way in 2005 and beyond.5 million in 2004; and
an effective tax rate for 2005 of 29.01 per diluted share, which includes the
reversal of previously accrued amounts .0%
-------- ------ -------- ------
290,491 100.0%
Advertising expenses 8,011 2.5%
Other, net 396 0.9% 11,360 4.

napping hence

The Company also provided earnings guidance for the
second quarter of 2005 and for the full year. The Company
expects to open between 13 and 15 new company-operated O'Charley's
restaurants in 2005.6 million in the
first quarter, reflecting the addition of 12 new stores since the
first quarter of 2004.2% in the
quarter was comprised of a 1.2% $265,005 99.7%
-------- --------
271,302 93.

casseroles portabello

With over 800 franchise
deals in development, Moe 's in on-pace to open 150 additional units in
2005, further solidifying that it is the steam engine of the Tex-Mex
category.
Also referred to as fast-casual or quality quick-serve, the segment
combines the quality of sit-down food with the speed and convenience
of fast food. Generally, fast casual restaurants feature counter
service with more comfortable seating than typical fast food
restaurants .4% at O'Charley's Restaurants, 0.33 per diluted share, for the same
period in 2004, representing an increase in earnings per
diluted share of 33.3%.1 million for the
first quarter, reflecting the net addition of 12 new company-operated
stores since the first quarter of 2004.63.0%. In
light of the significant uncertainties inherent in the forward-looking
statements included herein, you should not regard the inclusion of
such information as a representation by us that our objectives , plans
and projected results of operations will be achieved and the Company's
actual results could differ materially from such forward-looking
statements.0%
Franchise revenue 106 0.5% $7,554 2.

tamales casseroles

2 million, or
6.3%
increase in average check to $11. We recently announced that, as part of our
strategic plan, Steve Hislop has returned to focus on the day-to-day
operations of the O'Charley's concept. Our ultimate goal
is to make O'Charley's Inc .0%
Commissary sales 2,208 0.4% 3,806 1.8%
======== ====== ======== ======

Basic Earnings per Share:
Earnings per Common Share $0.

'.

portabello starches

5 million from $267. The same store sales increase
of 1."

O 'Charley's Franchising and Joint Venture Efforts

The O'Charley's franchising and joint venture program continued to
show momentum in the first quarter.
We believe that Stoney River has established strong customer appeal
and attractive economics.

O'Charley's Inc.6% 11,575 4.

.

fat -free gorditas filled with baby greens and goat cheese or unexpected combinations of earthy Oaxocan olive spread napping silken Portabello mushrooms amidst a masa-encrusted fence of yellowfin tuna.

yellowfin swirls

C. Together , the four groups will introduce 32 Moe's locations to
Virginia/Greater D.

Business Editors

NASHVILLE, Tenn.6% of sales, compared with $15. The new Stoney River restaurants will be the first
additions to the concept since 2002."

Outlook for Second Quarter and Full Year

The Company stated that it expects to report net earnings per
diluted share of between $0.m. The
dinner -only steakhouse concept appeals to both upscale casual dining
and fine dining customers by offering high-quality food and attentive
customer service typical of high-end steakhouses at more moderate
prices.

'Corn is an important ingredient, giving the nod to Navajo hominy, sweet and savory tamales , as well as casserole toppers and upscale salads using jicama, paper-thin slices of red onion and miniature cobs of corn.

casseroles slices

Moe's
features burritos, tacos, quesadillas and salads - with a choice of
grilled tofu, chicken or steak. The Atlanta-based company was founded by Martin Sprock
in December 2000 and currently has 200 restaurants in operation and
800 franchise units signed for 38 states.

O'Charley 's Inc. Reports Results for First Fiscal Quarter Of 2005

The Company reported first quarter net income of $10.
While we have more work ahead of us to return our margins to
acceptable levels , the improvement in the first quarter shows that our
efforts continue to produce positive results .1% increase in customer counts and a 0.

Mr. Over time, we expect it to become a more
significant part of the Company. The
number to call for this interactive teleconference is (913) 981-5571.

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Moe 's Southwest Grill is part of Raving Brands, which also
franchises Mama Fu's Asian House, Planet Smoothie , PJ's Coffee,
Shane's Rib Shack, Doc Green's Gourmet Salads and soon-to-open
Boneheads Seafood . Burns
stated, "Maintaining the positive trends in customer counts and
continuing the operating margin gains from the fourth quarter were our
primary first quarter goals at O'Charley's.

Ninety Nine Restaurant + Pub Restaurants

Revenues for Ninety Nine increased 13.

Mr. The first quarter and
estimated full year expenses represent a reduction from previously
disclosed estimates and reflect the impact of the Company's estimated
future performance on the ultimate vesting rate of the Company's
performance-based restricted stock. The online replay will follow shortly
after the call and continue until May 25, 2005. The Company does not undertake any obligation to publicly
release any revisions to the forward-looking statements contained
herein to reflect events and circumstances occurring after the date
hereof or to reflect the occurrence of unanticipated events .4% 252,388 94.

'Southwestern cuisine combines Tex Mex, Spanish, Indian and American flavors, .

ubiquitous tacos

We are pleased with the
performance of O'Charley's in each of these areas. The Company expects that the
restarting of Stoney River restaurant development will require
preopening, training, and other expenses of approximately $1.

The Company's guidance for the 2005 fiscal year includes estimated
expenses relating to restricted stock plans of between $0. EDT.
A replay of the conference call will be available through May 18,
2005, by dialing (719) 457-0820 and entering the confirmation number ,
4377761.earnings.0% 0 0.7% 2,581 1.8% 8,140 3.5%
-------- ------ -------- ------

Earnings Before Income Taxes 14,245 4.

.

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Same store sales for the
first quarter increased 1.44 per diluted share, compared with net income
of $7. Burns, chairman and chief executive officer of
O'Charley's Inc . We
started to see positive customer count trends in April, and the
continuation of that trend will be a primary focus for us in 2005, as
we expect to hold the line on menu price increases.m.

EDT.1% 31 0.33
======== ========
Weighted Average Common
Shares Outstanding 23,067 22,577
======== ========

O'Charley's Inc.

cobs nod

Appealing to a more health-conscious public, Moe's is focused on
freshness: there are no freezers or microwaves at any of the
locations, and everything on the menu is made fresh daily. For more information , visit the company's web site
at www.71. For the
second quarter and the full year, anticipated improvements in food
cost margin are expected to be offset by higher employee benefit
costs, restaurant operating costs, and preopening costs.com, as
well as www. The Company also operates Ninety Nine
Restaurant + Pub restaurants in 101 locations throughout Connecticut,
Maine, Massachusetts, New Hampshire, New York, Rhode Island and
Vermont.6% 15,355 5.
Condensed Consolidated Balance Sheet (unaudited)
At April 17, 2005 and December 26, 2004

2005 2004
-------- --------
(in thousands)

Cash $4,888 $10,772
Other current assets 64,377 53,626
Property and equipment, net 457,738 451,808
Goodwill and other intangible
assets 118,995 118,995
Other assets 19,966 22,310
-------- --------
Total assets $665,964 $657,511
======== ========

Current portion of long-term
debt and capital leases $11,434 $12,670
Other current liabilities 87,604 82,714
Deferred income taxes 9,068 7,884
Long-term debt, net of current
portion 139,118 146,125
Capitalized lease obligations 29,731 32,344
Other liabilities 43,450 45,034
Shareholders' equity 345,559 330,740
-------- --- -----
Total liabilities and
shareholders' equity $665,964 $657,511
======== ========

Hence, .

sandal tumbleweed

Business Editors

ATLANTA----Moe's Southwest Grill,
the fastest growing fast-casual restaurant concept in the country,
announces today that it has signed a 20 store deal for the Northern
Virginia/Greater Washington D.

Financial and Operating Highlights

First quarter revenue rose 8.

Income from operations in the quarter was $19. Average check during the
quarter was $40. The Company intends to open two new Stoney River
restaurants in 2005, with the openings expected to occur in the second
half of the year.com on May 11, 2005,
beginning at 11:00 a.7% 79,641 30.34
======== ========
Weighted Average Common
Shares Outstanding 22,687 22,167
======== ========

Diluted Earnings per Share:
Earnings per Common Share $0.

.

albondigas starches

As previously announced , results for the
first quarter of fiscal 2004 were restated. We continue to make
progress in improving guest satisfaction scores and reducing employee
turnover as well as leveraging these trends to achieve continued
improvement in margins. Steve's direct leadership as
O'Charley's Concept President will position O'Charley's for new growth
opportunities in 2005 and beyond. The
Company expects to begin expensing stock options in its 2006 fiscal
year. Burns concluded, "While we are pleased with our performance in
the first quarter of 2005, we believe that higher gasoline prices
began to take their toll on consumer spending during this period.

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The same store sales increase of 0. Restricted stock expense for the first quarter of
2005 was less than $0.

O'Charley's Inc.0% 267,743 100.7% 3,995 1.

with one cowboy boot north of the Rio Grande and one huarache sandal south of the Rio Bravo.

tumbleweed ubiquitous

(NASDAQ/NM: CHUX), a leading casual dining restaurant company, today
reported revenues and earnings per share for the 16-week period ended
April 17, 2005.7% of sales,
in the first quarter of last year. Meritage Hospitality Group opened
its second franchised O'Charley's restaurant in Livonia, Michigan, in
February 2005 .10 and
$1.4% 10,812 4.

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"Franchisees continue to respond enthusiastically to the Moe's
model, which remains one of the most financially attractive in the
industry," explains Matt Andrew , Chief Financial Officer, Raving
Brands, parent of Moe's.com

Two new Ninety Nine
restaurants opened during the first quarter bringing the total number
of Ninety Nine restaurants to 101 at the end of the quarter. These
projected results are based upon anticipated comparable restaurant
sales increases of between 0% to 2% for both the O'Charley's and the
Ninety Nine concepts during the second quarter and the full year;
interest expense for fiscal 2005 of between $15 million and $16
million , compared with interest expense of $13.0%
Depreciation and amortization 13,219 4.7%

Other (Income) Expense:
Interest expense, net 4,548 1.0%
-------- ------ -------- ------
4,944 1.2%
Income Taxes 4,131 1.

'Whether it's chiles in Taos or chilis in El Paso, there's no getting around these often devilish little fruits which give much of the fire to Southwestern specialties like tacos, enchiladas, tortilla and albondigas soups and more.

amidst tumbleweed

"We boast a lower point of entry than our
competitors coupled with solid franchise support. Industry experts expect this segment to reach $100
billion by 2015 - half the time it took casual dining and just a
quarter of the time it took fast food to hit the same mark.

About Moe's Southwest Grill

Moe's Southwest Grill offers fun, fresh Tex-Mex cuisine with a
healthy twist. Moe's Southwest Grill was
presented with the 2004 "Hot Concepts!" award. "Hot Concepts!" is
presented by Equal (R) and managed and produced by Nation's Restaurant
News. Along with
customer counts we have also focused on improving operating margins.0 million
in fiscal 2005. Like
many others, we are taking a more cautious outlook for the balance of
the year because of our concern that higher gasoline prices and rising
interest rates are likely to create uncertainty in consumer spending
patterns and may negatively impact customer spending in our
restaurants.8% 90,588 34.8% 47,169 17.4 %
-------- ------ -------- ------

Net Earnings $10,114 3.44 $0.

'Other starches include the ubiquitous bean, often pinto or pink; rice used in cooling drinks and as a base for wonderful casseroles and side dishes , and flour in its many manifestations.

.

.

.