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RYAN Ryans Restaurant

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Share Name Share Symbol Market Type
Ryans Restaurant NASDAQ:RYAN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Ryan's Restaurant Group, Inc. Reports Sales Results for March and First Quarter 2006

31/03/2006 8:32pm

PR Newswire (US)


Ryans Restaurant (NASDAQ:RYAN)
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GREER, S.C., March 31 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc. (NASDAQ:RYAN) today reported sales results for the 4-week period ("March") and the three months ("1st Quarter") ending March 29, 2006. Same- store sales increased by 0.2% in March and increased by 1.7% during the quarter. Other details follow: (Unaudited) March 1st Quarter 2006 2006 Total sales (000's) $67,800 $213,890 Change from prior year +0% +2% Average unit sales: Same stores (open at least 18 mos.) +0.2% +1.7% All stores (all Ryan's units) +1.9% +3.4% Management noted that March 2005 included Easter weekend, which typically is a large sales-producing weekend. Easter 2006 occurs on the weekend of April 15th. Same-store sales for the first three weeks of March 2006, which excludes the week that compares against Easter 2005, increased by 1.0%. At March 29, 2006, the Company owned and operated 337 restaurants. Financial results for the first quarter 2006 are expected to be released on April 26, 2006. In addition, the Company's next accounting period consists of 5 weeks, ending on May 3, 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 - Finance of Ryan's Restaurant Group, Inc., +1-864-879-1000 Web site: http://www.ryansrg.com/

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