Exhibit 99.1

Company Contact:

                        Donald H. Walker

                        Vice President-Finance and CFO

                        Frisch’s Restaurants, Inc.

                        (513) 559-5202

Frisch’s Reports Record Earnings in the Third Quarter of Fiscal 2009

FOR IMMEDIATE RELEASE

Cincinnati, OH—April 14, 2009, Frisch’s Restaurants, Inc. (NYSE Amex: FRS) reported record third quarter earnings for the 12-weeks ended March 10, 2009. Net earnings, driven by greatly improved results in Golden Corral restaurants, increased 65.1% to $3,409,754 compared to $2,065,377 last year. Diluted earnings per share increased to $.66 per share, from $.40 per share last year. Sales for the quarter increased 1.6% to a record $67,684,513 from $66,618,420 for last year’s third quarter as new marketing campaigns for both Frisch’s Big Boy and Golden Corral restaurants improved customer counts. A previously reported litigation settlement also added to the record earnings.

For the first three quarters of fiscal 2009, sales were a record $226,659,205 rising 0.6% from $225,358,248 for the first three quarters of last year. Earnings increased 16.7% to $7,800,601 from $6,683,877. Diluted earnings per share increased to $1.51 from $1.28 last year.

Craig F. Maier, President and Chief Executive Officer, said, “Same store sales at our Big Boy Restaurants increased 0.7% in the third quarter. Aided by favorable weather, the revamped marketing program for Frisch’s Big Boy began showing significant sales increases in the latter half of the quarter.”

Maier added, “Our Golden Corral restaurants posted a same store sales increase of 2.3% during the third quarter. Golden Corral Franchising began a new national cable TV advertising program in January, resulting in extremely strong same store sales increases soon after its inception.”

The increased earnings for the first three quarters of the year can be attributed to the vastly improved sales and earnings of Golden Corral and a moderation in recent months in the cost of food in both operations.

Frisch’s operates 35 Golden Corral restaurants and 89 company-owned Big Boy restaurants, and there are an additional 26 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, Cleveland, Columbus, Dayton and Toledo, Ohio, Louisville, Kentucky and Pittsburgh, Pennsylvania.

The Company owns the trademark “Frisch’s” and has exclusive, irrevocable ownership of the rights to the “Big Boy” trademark, trade name and service marks 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 10, 2009			March 4, 2008			March 10, 2009			March 4, 2008
Sales	$	226,659		$	225,358		$	67,685		$	66,618
Cost of sales
Food and paper		81,477			79,892			23,730			23,940
Payroll and related		74,263			74,267			22,116			21,777
Other operating costs		50,425			49,988			14,556			14,429
		206,165			204,147			60,402			60,146
Gross profit		20,494			21,211			7,283			6,472
Administrative and advertising		10,937			11,043			3,190			3,213
Franchise fees and other revenue		(969	)		(968	)		(277	)		(288	)
Gains on sale of assets		(1,116	)		(524	)		—			—
Litigation settlement		(890	)		—			(890	)		—
Operating profit		12,532			11,660			5,260			3,547
Interest expense		1,545			1,831			458			511
Earnings before income tax		10,987			9,829			4,802			3,036
Income taxes		3,186			3,145			1,392			971
NET EARNINGS	$	7,801		$	6,684		$	3,410		$	2,065
Earnings per share (EPS) of common stock:
Basic net earnings per share	$	1.53		$	1.30		$	.67		$	.40
Diluted net earnings per share	$	1.51		$	1.28		$	.66		$	.40
Diluted average shares outstanding		5,160			5,236			5,146			5,199
Depreciation included above	$	10,475		$	10,765		$	3,210		$	3,273
Opening expense included above	$	575		$	608		$	44		$	—

Frisch’s Restaurants, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEET

(In thousands of dollars)

	March 10, 2009 (unaudited)		June 3, 2008
Assets
Current assets
Cash and equivalents	$	3,199	$	801
Receivables		1,834		1,448
Inventories		7,538		5,648
Other current assets		2,767		2,797
		15,338		10,694
Property and equipment		156,750		153,839
Other assets
Goodwill & other intangible assets		1,567		1,633
Property held for sale and land investments		2,743		3,870
Other		1,569		2,024
		5,879		7,527
	$	177,967	$	172,060
Liabilities and shareholders’ equity
Current liabilities
Accounts payable	$	10,383	$	10,281
Accrued expenses		10,849		10,675
Other		10,307		9,880
		31,539		30,836
Long-term obligations
Long-term debt		23,943		24,217
Other long-term obligations		5,698		6,292
		29,641		30,509
Shareholders’ equity		116,787		110,715
	$	177,967	$	172,060