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RYAN Ryans Restaurant

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Share Name Share Symbol Market Type
Ryans Restaurant NASDAQ:RYAN NASDAQ Common Stock
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  0.00 0.00% 0 -

Ryan's Restaurant Group, Inc. Reports Sales Results for August 2005

03/09/2005 12:15am

PR Newswire (US)


Ryans Restaurant (NASDAQ:RYAN)
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GREER, S.C., Sept. 2 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc. (NASDAQ:RYAN) today reported sales results for the 4-week period ending August 31, 2005 ("August"). Same-store sales decreased by 4.0% during the period. Excluding the last week of the period, thereby eliminating the impact of Hurricane Katrina, same-store sales would have decreased by 3.2%. Other details and comments follow: (Unaudited) August 2005 Total sales (000's) $62,100 Change from prior year -1% Average unit sales: Same stores (open at least 18 mos.) -4.0% All stores (includes new units) -2.8% Hurricane Katrina initially disrupted operations at 13 of the Company's restaurants in Louisiana, Mississippi and Alabama due to either structural issues or power outages. As of September 2, 2005, seven of these restaurants continue to be closed, mostly due to power outages. Management is assessing the condition of these restaurants and has not yet determined when they will reopen. At August 31, 2005, the Company owned and operated 344 restaurants. The Company's next accounting period consists of 4 weeks and ends on September 28, 2005. 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 CONTACT: Fred T. Grant, Jr., Senior Vice President - Finance of Ryan's Restaurant Group, +1-864-879-1000 Web site: http://www.ryansrg.com/

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