Exhibit 99.1

Company Contact:

Donald H. Walker

Vice President-Finance and CFO

Frisch’s Restaurants, Inc.

(513) 559-5202

Frisch’s Reports Third Quarter of Fiscal 2007 Sales and Earnings

FOR IMMEDIATE RELEASE

Cincinnati, OH—April 10, 2007, Frisch’s Restaurants, Inc. (Amex: FRS) reported lower sales for its 12-week fiscal third quarter ended March 6, 2007. Revenues declined 2.7% to $65,451,505 from $67,259,863 for last year’s third quarter. Net earnings for the quarter declined 13.2% to $1,914,997 compared to $2,205,698 last year. Diluted earnings per share decreased to $.37 per share, from $.43 per share last year. Last year’s third quarter included the benefit of a $394,000 pretax gain from the disposal of property, which added $.05 per share.

For the first three quarters of fiscal 2007, revenue rose 0.6% to $221,968,379 from $220,745,741 for the same period last year. Earnings increased 7.8% to $6,995,223 from $6,490,500. Diluted earnings per share rose to $1.35 from $1.26 last year.

Craig F. Maier, President and Chief Executive Officer, said, “Same store sales at our Big Boy Restaurants decreased 0.8% in the third quarter. Mild weather during the first several weeks of the quarter eventually turned to the inclement winter conditions that we are more accustomed to in our markets. The impact of the snow and ice more than erased the sales gains we saw in December and early January, severely affecting our operating results. To still be ahead in same store sales on a year to date basis is actually quite an achievement.”

Maier added, “The harsh weather also impacted our Golden Corral restaurants as they posted a same store sales decline of 5.8% during the third quarter. We look forward to renewed sales strength as we enter the spring.”

The lower earnings for the quarter can be attributed to lower sales driven by the winter weather. On a positive note, even though Golden Corral experienced lower same store sales, lower food cost and payroll expenses led to modest earnings in the Golden Corral restaurants.

During the quarter, there were no new Big Boy or Golden Corral restaurants opened. An older Big Boy was closed in Cincinnati. Also during the quarter, construction began on a new Big Boy restaurant in the Dayton, Ohio market. Frisch’s operates 34 Golden Corral restaurants and 89 company-owned Big Boy restaurants, and there are an additional 28 franchised Big Boy restaurants operated by licensees.

Frisch’s Restaurants, Inc. is a regional company that operates full service family-style restaurants under the name “Frisch’s Big Boy.” The Company also operates grill buffet style restaurants under the name “Golden Corral” pursuant to certain licensing agreements. All Big Boy restaurants are currently located in various regions of Ohio, Kentucky and Indiana. Golden Corral restaurants currently operate primarily in the greater metropolitan areas of Cincinnati, Dayton, Toledo and Cleveland, Ohio, Louisville, Kentucky and Pittsburgh, Pennsylvania. Plans are in place to expand the Golden Corral operation into markets in Columbus, Ohio, northern Indiana and southern Michigan.

The Company owns the trademark “Frisch’s” and has exclusive, irrevocable ownership of the rights to the “Big Boy” trademark, trade name and service mark in the states of Kentucky and Indiana, and in most of Ohio and Tennessee. All of the Frisch’s Big Boy restaurants also offer “drive-thru” service. The Company also licenses Big Boy restaurants to other operators, currently in certain parts of Ohio, Kentucky and Indiana.

The Company has reported a profit every year since going public in 1960, and paid cash dividends to shareholders every quarter over the same period.

Statements contained in this press release which are not historical facts are forward looking statements as that item is defined in the Private Securities Litigation Act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company’s filings with the Securities and Exchange Commission.

Frisch's Restaurants, Inc. and Subsidiaries

CONSOLIDATED STATEMENT OF EARNINGS (unaudited)

(In thousands, except per share data)

	Forty weeks ended						Twelve weeks ended
	March 6, 2007			March 5, 2006			March 6, 2007			March 5, 2006
Sales	$	221,968		$	220,746		$	65,452		$	67,260
Cost of sales
Food and paper		77,214			77,317			22,824			23,703
Payroll and related		73,403			72,970			21,911			22,218
Other operating costs		48,745			48,716			13,987			14,787
		199,362			199,003			58,722			60,708
Gross profit		22,606			21,743			6,730			6,552
Administrative and advertising		11,177			11,158			3,488			3,235
Franchise fees and other revenue		(965	)		(960	)		(276	)		(298	)
(Gains) losses on sale of assets		(250	)		(394	)		—			(394	)
Operating profit		12,644			11,939			3,518			4,009
Interest expense		2,046			2,104			617			665
Earnings before income tax		10,598			9,835			2,901			3,344
Income taxes		3,603			3,344			986			1,138
NET EARNINGS	$	6,995		$	6,491		$	1,915		$	2,206
Earnings per share (EPS) of common stock:
Basic net earnings per share	$	1.38		$	1.28		$	.38		$	.43
Diluted net earnings per share	$	1.35		$	1.26		$	.37		$	.43
Diluted average shares outstanding		5,193			5,161			5,235			5,160
Depreciation included above	$	10,413		$	9,886		$	3,249		$	3,025
Opening expense included above	$	241		$	1,380		$	—		$	249

Frisch's Restaurants, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEET

(In thousands of dollars)

	March 6, 2007 (unaudited)		May 30, 2006
Assets
Current assets
Cash and equivalents	$	389	$	815
Receivables		1,861		1,538
Inventories		5,486		4,792
Other current assets		4,976		4,918
		12,712		12,063
Property and equipment		157,147		154,370
Other assets
Goodwill & other intangible assets		2,070		2,125
Property held for sale and land investments		3,411		3,078
Other		2,843		3,647
		8,324		8,850
	$	178,183	$	175,283
Liabilities and shareholders' equity
Current liabilities
Accounts payable	$	10,268	$	10,330
Accrued expenses		9,295		9,640
Other		14,528		10,613
		34,091		30,583
Long-term obligations
Long-term debt		26,880		30,992
Other long-term obligations		10,322		13,027
		37,202		44,019
Shareholders' equity		106,890		100,681
	$	178,183	$	175,283