Ryan's Restaurant Group, Inc. Reports Sales Results for June and Second Quarter 2004
July 02 2004 - 11:21AM
PR Newswire (US)
Ryan's Restaurant Group, Inc. Reports Sales Results for June and
Second Quarter 2004 GREER, S.C., July 2 /PRNewswire-FirstCall/ --
Ryan's Restaurant Group, Inc. (formerly Ryan's Family Steak Houses,
Inc.) (NASDAQ:RYAN) today reported sales results for the 4-week
period ("June") and the three-months ("2nd Quarter") ending June
30, 2004. A new average unit sales record was set for second
quarter sales periods. Management noted that average unit sales
records have now been set for the last 5 consecutive quarters.
Same-store sales decreased by 1.1% for the month and by 0.2% for
the quarter. Other details follow: (Unaudited) June 2nd Quarter
2004 2004 Total sales (000's) $67,000 $216,600 Change from prior
year +3% +4% Average unit sales: Same stores (open at least 18
mos.) -1.1% -0.2% All stores (all Ryan's units) -0.7% +0.2% At June
30, 2004, the Company owned and operated 337 restaurants. Financial
results for the second quarter 2004 are expected to be released on
July 21, 2004. In addition, the Company's next accounting period
consists of 5 weeks, ending on August 4, 2004. 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 31, 2003. 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.ryansinc.com/
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