Ryans Restaurant (NASDAQ:RYAN)
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GREER, S.C., Sept. 5 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc. (NASDAQ:RYAN) today reported sales results for the 4-week period ended August 30, 2006 ("August"). Average weekly sales for all stores decreased by 1.3% for the month, and same-store sales for the month decreased by 2.7%. Other details and comments follow:
(Unaudited)
August
2006
Total sales (000's) $59,200
Change from prior year -5%
Average weekly sales (all Ryan's units) -1.3%
Same-store sales (open at least 18 mos.) -2.7%
Management noted that August's average weekly and same-store sales changes were improved from July 2006's year-over-year changes of -3.4% and -4.2%, respectively, and attributes this improvement to the drop in gasoline prices during August.
At August 30, 2006, the Company owned and operated 333 restaurants.
The Company's next accounting period consists of 4 weeks, ending on September 27, 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 28, 2005.
DATASOURCE: Ryan's Restaurant Group, Inc.
CONTACT: Fred T. Grant, Jr., Senior Vice President of Ryan's Restaurant
Group, Inc., +1-864-879-1000
Web site: http://www.ryansrg.com/