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

05/12/2005 5:44pm

PR Newswire (US)


Ryans Restaurant (NASDAQ:RYAN)
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GREER, S.C., Dec. 5 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc. (NASDAQ:RYAN) today reported sales results for the 4-week period ended November 30, 2005 ("November"). Same-store sales for November increased by 1.7% as compared to the November 2004 four-week period. Other details and comments follow: (Unaudited) November 2005 Total sales (000's) $62,700 Change from prior year +3% Average unit sales: Same stores (open at least 18 mos.) +1.7% All stores (all units) +3.8% During November, management modified the all-store and same-store sales calculation methods that it uses to review the ongoing performance of the Company's restaurants. All-store and same-store sales have been and continue to be a monthly average of weekly sales results. The principal modification to the all-store sales calculation involves a change in the initial inclusion date of new restaurants. For same-store sales, the new method includes relocated or converted restaurants in a week's same-store sales calculation only if those restaurants were open for the entire week during both the current and prior years. The former method included such stores in the calculation whether they were open or not during the same week in the prior year. A comparison of all-store and same-store sales results for September and October of 2005 (as compared to the corresponding four-week and five-week period, respectively, in the prior year) follows: September October 2005 2005 All-store sales: Former method (as reported) -3.0% +2.1% New method -2.7% +2.4% Same-store sales: Former method (as reported) -4.2% +1.4% New method -4.6% +0.6% Management plans to recalculate same-store sales results for months prior to September 2005 in order to have comparable amounts in its future SEC filings. At November 30, 2005, the Company owned and operated 339 restaurants. The Company's next accounting period consists of 4 weeks, ending on December 28, 2005 (quarter-end and fiscal year-end). 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. of Ryan's Restaurant Group, Inc., Senior Vice President-Finance, +1-864-879-1000 Web site: http://www.ryansrg.com/

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