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. 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. The new Stoney River restaurants will be the first
additions to the concept since 2002.8% 2,738 1.2%
Income Taxes 4,131 1 .

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5 million from $267. As previously announced, results for the
first quarter of fiscal 2004 were restated.71. 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. 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 .07
per diluted share. 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 . the best company for our co-workers,
customers and shareholders, and we are very focused on establishing
our strategic plan to achieve that goal. The
number to call for this interactive teleconference is (913) 981-5571.2%
Restaurant operating costs 51,187 17.

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Steve's direct leadership as
O'Charley's Concept President will position O'Charley's for new growth
opportunities in 2005 and beyond.01 per diluted share, which includes the
reversal of previously accrued amounts. EDT.4% 3,806 1.

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The Company also provided earnings guidance for the
second quarter of 2005 and for the full year.

The Company reported first quarter net income of $10.3%. 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. The Company's guidance does not
reflect any impact from expensing stock options in fiscal 2005. 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.0%
Commissary sales 2,208 0.7%
-------- --------
271,302 93 .44 $0.

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44 per diluted share, compared with net income
of $7."

O'Charley 's Restaurants

Revenues for O'Charley's increased 7.1% increase in customer counts and a 0.63 . Over time, we expect it to become a more
significant part of the Company.

Mr.0% 267,743 100.6% 11,575 4.

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7
million in last year's first quarter.

Income from operations in the quarter was $19.

The effective tax rate applied to pretax earnings was 29.5% in the
first quarter of 2004. The Company expects its franchisees and joint venture
partners to open 4 or 5 new O'Charley's restaurants in 2005.3% increase in average check to $13. 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. Our ultimate goal
is to make O'Charley's Inc.m.
A replay of the conference call will be available through May 18,
2005, by dialing (719) 457-0820 and entering the confirmation number,
4377761. 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.0%
Franchise revenue 106 0.0% 0 0.8% 47,169 17.0%
-------- --- --- -------- ------
4,944 1.

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RARE Hospitality International to Broadcast Fourth Quarter Conference Call Live on the Internet

Burns, chairman and chief executive officer of
O'Charley's Inc.23 for the twelve weeks ending
July 10, 2005, and net earnings per diluted share of between $1.16 for the full fiscal year ending December 25, 2005.7% 79,641 30 .1% 31 0.

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1% at Stoney River
Legendary Steaks.59.earnings.7%

Other (Income ) Expense:
Interest expense, net 4,548 1.5%
-------- ------ -------- ------

Earnings Before Income Taxes 14,245 4.

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----O'Charley 's Inc.5% to $290.33 per diluted share, for the same
period in 2004, representing an increase in earnings per
diluted share of 33. The Company
expects to open between 13 and 15 new company-operated O'Charley's
restaurants in 2005.2% in the
quarter was comprised of a 1.5 million with all six restaurants in operation included in
the same store sales base for the quarter. The
Company expects to begin expensing stock options in its 2006 fiscal
year. EDT.

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com.
RARE Hospitality International, Inc. 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.

Mr."

Outlook for Second Quarter and Full Year

The Company stated that it expects to report net earnings per
diluted share of between $0.ocharleysinc.

About O'Charley's Inc.8% 90,588 34.3%
-------- ------ -------- ------

Income from Operations 19,189 6.5%
Other, net 396 0.

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Business Editors

ATLANTA----RARE Hospitality
International, Inc.1
million, or $0. 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.0%
General and administrative
expenses 12,666 4.45 $0.

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Business Editors

NASHVILLE, Tenn.4 million, or 5.

Commenting on results for the O'Charley's concept , Mr. We are pleased with the
performance of O'Charley's in each of these areas. Meritage Hospitality Group opened
its second franchised O'Charley's restaurant in Livonia, Michigan, in
February 2005 .0 million
in fiscal 2005.0%.

The Company's guidance for the 2005 fiscal year includes estimated
expenses relating to restricted stock plans of between $0. In
addition, the Company operates six Stoney River Legendary Steaks
restaurants in Georgia, Illinois, Kentucky and Tennessee. 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.0%
-------- ------ -------- ------
290,491 100.7% 2,581 1.0%
Advertising expenses 8,011 2.5% 1,882 0.6% 15,355 5.33
======== ========
Weighted Average Common
Shares Outstanding 23,067 22,577
======== ========


O'Charley's Inc.

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The live broadcast of RARE Hospitality International's quarterly
conference call will be available on-line by going to
www.0% in
the first quarter, compared with a tax rate of 33.

Ninety Nine Restaurant + Pub Restaurants

Revenues for Ninety Nine increased 13.5% to $84. 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.1% to $7. The Company also operates Ninety Nine
Restaurant + Pub restaurants in 101 locations throughout Connecticut ,
Maine, Massachusetts, New Hampshire, New York, Rhode Island and
Vermont.2% $265,005 99.8 % 8,140 3.

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(NASDAQ: RARE) today announced it will provide an
on-line Web simulcast and rebroadcast of its 2004 fourth quarter and
year-end earnings release conference call.com and clicking on the link to Investor
Relations. In addition, the broadcast can be accessed through
www.

Mr .19 and $0. 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."

Investor Conference Call and Web Simulcast

O'Charley's Inc.

The live broadcast of O'Charley's conference call will be
available online at the Company's website, www. 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%
Costs and Expenses:
Cost of restaurant sales:
Cost of food and beverage 85,584 29.0%
Depreciation and amortization 13 ,219 4.

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The call is scheduled to begin at 9:00 a. currently owns, operates and
franchises 267 restaurants, including 217 LongHorn Steakhouse
restaurants, 28 Bugaboo Creek Steak House restaurants and 20 The
Capital Grille restaurants. Same store sales for the
first quarter increased 1.6% of sales, compared with $15.7% of sales,
in the first quarter of last year.

Gregory L. 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. The online replay will follow shortly
after the call and continue until May 25, 2005.1%
Payroll and benefits 97,337 33.6% 3,964 1.
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
======== ========

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Average check during the
quarter was $40.
We believe that Stoney River has established strong customer appeal
and attractive economics. Restricted stock expense for the first quarter of
2005 was less than $0. 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.
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 99.9% 11,360 4.34
======== ========
Weighted Average Common
Shares Outstanding 22,687 22 ,167
======== ========

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

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4% at O'Charley's Restaurants, 0. 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. The same store sales increase of 0.5 million in 2004; and
an effective tax rate for 2005 of 29.com, as
well as www.

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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.0% to $196.10 and
$1.05 and $0. 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.

O'Charley's Inc.

O'Charley's Inc.

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2 %
at Ninety Nine Restaurant and Pub, and 4.1 million for the
first quarter, reflecting the net addition of 12 new company-operated
stores since the first quarter of 2004. The same store sales increase
of 1. 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. will conduct a conference call on its first
quarter earnings release on May 11, 2005, at 11:00 a. 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% 10,812 4.7% 3,995 1.

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Eastern
time on February 10, 2005.

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

"

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.8%
Cost of commissary sales 1,913 0.4% 252,388 94.

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6 million, or $0. 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."

Stoney River Legendary Steaks Restaurants

First quarter sales for Stoney River Legendary Steaks increased
4. The menu features a wide selection of
appetizers, salads, sandwiches, burgers, entrees and desserts.

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rarehospitality.
(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. 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.m.

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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m. 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.

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The on-line replay will follow shortly
after the call and continue through April 20 , 2005.

Financial and Operating Highlights

First quarter revenue rose 8.2 million, or
6. 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. Along with
customer counts we have also focused on improving operating margins.6 million in the
first quarter, reflecting the addition of 12 new stores since the
first quarter of 2004. The Company expects that the
restarting of Stoney River restaurant development will require
preopening , training, and other expenses of approximately $1. 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.com on May 11, 2005,
beginning at 11:00 a. Ninety Nine has earned a strong reputation for providing
generous portions of high-quality food at moderate prices in a
comfortable, relaxed atmosphere.3%
Pre-opening costs 1,385 0 .4%
-------- ------ -------- ------

Net Earnings $10,114 3.5% $7,554 2.

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vcall. Please go to the selected site at least 15 minutes
prior to the call to register, download and install any necessary
audio software.4% was comprised of a 1.3%
increase in average check to $11.2% decrease in customer counts offset by
a 1. 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.8%
======== ====== ======== ======

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

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---

- - kjjkjk

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