Ryan's Restaurant Group, Inc. Reports Sales Results for February 2006
March 03 2006 - 11:23AM
PR Newswire (US)
GREER, S.C., March 3 /PRNewswire-FirstCall/ -- Ryan's Restaurant
Group, Inc. (NASDAQ:RYAN) today reported sales results for the
4-week period ended March 1, 2006 ("February"). Same-store sales
for February decreased by 0.3%. Other details and comments follow:
(Unaudited) February 2006 Total sales (000's) $68,000 Change from
prior year +0% Average unit sales: Same stores (open at least 18
mos.) -0.3% All stores (all Ryan's units) +1.3% Management noted
that sales are often affected by weather during the winter months.
For example, same-store sales decreased by 2.9% during the third
week of February due to severe snow storms across the Midwest.
Overall, for the winter months of December 2005 through February
2006, the Company's same-store sales increased by 1.5%. At March 1,
2006, the Company owned and operated 337 restaurants. The Company's
next accounting period consists of 4 weeks, ending on March 29,
2006. Forward-Looking Information: In accordance with the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, the Company cautions that the statements in this press
release that are forward- looking involve risks and uncertainties
that may impact the Company's actual results of operations. For a
more thorough discussion of these risks, uncertainties and other
factors, please refer to the Company's Annual Report on Form 10-K
for the fiscal year ended December 29, 2004. DATASOURCE: Ryan's
Restaurant Group, Inc. CONTACT: Fred T. Grant, Jr., Senior Vice
President - Finance of Ryan's Restaurant Group, Inc.,
+1-864-879-1000 Web site: http://www.ryansrg.com/
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