Ryans Restaurant (NASDAQ:RYAN)
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Ryan's Restaurant Group, Inc. Reports Sales Results for September
and Third Quarter 2004
GREER, S.C., Oct. 1 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc.
(NASDAQ:RYAN) today reported sales results for the 4-week period ("September")
and the three-months ("3rd Quarter") ending September 29, 2004. Same-store
sales decreased by 2.9% for the month and by 3.1% for the quarter. Other
details follow:
(Unaudited)
September 3rd Quarter
2004 2004
Total sales (000's) $60,000 $205,400
Change from prior year 0% 0%
Average unit sales:
Same stores (open at least 18 mos.) -2.9% -3.1%
All stores (all Ryan's units) -2.7% -3.0%
Management noted that sales at many of its restaurant locations in the south
and along the southern Atlantic states were adversely affected by storms and
power outages related to Hurricanes Frances, Ivan and Jeanne.
At September 29, 2004, the Company owned and operated 338 restaurants.
Financial results for the third quarter 2004 are expected to be released on
October 20, 2004. In addition, the Company's next accounting period consists
of 5 weeks, ending on November 3, 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/