O Charleys (CHUX) 8-K Regulation FD Disclosure

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 5, 2005 (April 5, 2005)

O’CHARLEY’S INC.

(Exact Name of Registrant as Specified in Charter)

Tennessee	0-18629	62-1192475
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

3038 Sidco Drive
Nashville, Tennessee	37204
(Address of Principal Executive Offices)	(Zip Code)

(615) 256-8500

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 7.01. Regulation FD Disclosure
SIGNATURES

Item 7.01. Regulation FD Disclosure

     Set forth below is certain unaudited statement of earnings information for O’Charley’s Inc. for each of the quarters in the fiscal years ended December 28, 2003 and December 26, 2004. The information for fiscal 2003 and for the first three quarters of fiscal 2004 has been restated to conform to the restated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 26, 2004. See Note 2 to the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 26, 2004 for a discussion of the nature of the restatement. Certain reclassifications have been made to the prior year amounts to conform to the current year presentation.

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O’Charley’s Inc. and Subsidiaries
Quarterly Consolidated Statements of Earnings Data
(Unaudited)

	Fiscal Year 2004
	First		Second			Third		Fourth
(In thousands, except per share data)	Quarter		Quarter			Quarter		Quarter
	(restated)		(restated)			(restated)
Revenues:
Restaurant sales	$	265,005	$	199,645		$	198,694	$	200,915
Commissary sales		2,738		1,510			1,518		1,269
Franchise revenue		—		—			65		27
		267,743		201,155			200,277		202,211
Costs and Expenses:
Cost of restaurant sales:
Cost of food and beverage		79,641		61,814			60,859		58,699
Payroll and benefits		90,588		66,551			65,798		67,577
Restaurant operating costs		47,169		36,129			37,224		36,969
Cost of commissary sales		2,581		1,430			1,435		1,185
Advertising, general and administrative expenses		18,952		14,343			14,645		15,814
Depreciation and amortization		11,575		9,131			9,401		9,691
Pre-opening costs		1,882		1,201			1,739		1,086
		252,388		190,599			191,101		191,021
Income from Operations		15,355		10,556			9,176		11,190
Other (Income) Expense:
Interest expense, net		3,964		3,127			3,159		3,226
Other, net		31		(23	)		98		14
		3,995		3,104			3,257		3,240
Earnings Before Income Taxes		11,360		7,452			5,919		7,950
Income Taxes		3,806		2,336			1,812		1,408
Net earnings	$	7,554	$	5,116		$	4,107	$	6,542
Basic Earnings per Share:
Net Earnings	$	0.34	$	0.23		$	0.18	$	0.29
Weighted Average Shares Outstanding		22,167		22,249			22,347		22,432
Diluted Earnings per Share:
Net Earnings	$	0.33	$	0.23		$	0.18	$	0.29
Weighted Average Shares Outstanding		22,577		22,653			22,636		22,740

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O’Charley’s Inc. and Subsidiaries
Quarterly Consolidated Statements of Earnings Data
(Unaudited and restated)

	Fiscal Year 2003
	First			Second			Third		Fourth
(In thousands, except per share data)	Quarter			Quarter			Quarter		Quarter
Revenues:
Restaurant sales	$	213,282		$	178,011		$	180,528	$	181,919
Commissary sales		1,802			1,203			1,192		1,074
		215,084			179,214			181,720		182,993
Costs and Expenses:
Cost of restaurant sales:
Cost of food and beverage		59,327			51,537			54,684		55,658
Payroll and benefits		69,375			59,255			61,494		62,291
Restaurant operating costs		38,964			32,044			34,303		33,894
Cost of commissary sales		1,692			1,131			1,131		1,016
Advertising, general and administrative expenses		16,122			12,385			12,010		11,687
Depreciation and amortization		9,959			8,647			8,817		8,937
Pre-opening costs		2,538			1,744			1,714		903
		197,977			166,743			174,153		174,386
Income from Operations		17,107			12,471			7,567		8,607
Other (Income) Expense:
Interest expense, net		3,747			3,414			3,264		3,728
Debt extinguishment charge		—			—			—		1,800
Other, net		(43	)		(80	)		25		(554	)
		3,704			3,334			3,289		4,974
Earnings Before Income Taxes		13,403			9,137			4,278		3,633
Income Taxes		4,635			3,151			1,008		467
Net earnings	$	8,768		$	5,986		$	3,270	$	3,166
Basic Earnings per Share:
Net Earnings	$	0.42		$	0.28		$	0.15	$	0.14
Weighted Average Shares Outstanding		20,721			21,669			22,028		22,102
Diluted Earnings per Share:
Net Earnings	$	0.40		$	0.27		$	0.15	$	0.14
Weighted Average Shares Outstanding		21,745			22,542			22,540		22,500

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

O’CHARLEY’S INC. ��
By:	/s/ Lawrence E. Hyatt
	Lawrence E. Hyatt
	Chief Financial Officer, Secretary and Treasurer

Date: April 5, 2005

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