Ryans Restaurant (NASDAQ:RYAN)
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Ryan's Restaurant Group, Inc. Reports Sales Results for December
and Fourth Quarter 2004
GREER, S.C., Jan. 3 /PRNewswire-FirstCall/ -- Ryan's Restaurant Group, Inc.
(NASDAQ:RYAN) today reported sales results for the 4-week period ("December")
and the three months ("4th Quarter") ending December 29, 2004. Same-store sales
decreased by 3.8% for the month and by 4.4% for the quarter. Other details
follow:
(Unaudited)
December 4th
Quarter
2004 2004
Total sales (000's) $57,500 $193,700
Change from prior year -2% -2%
Average unit sales:
Same stores (open at least 18 mos.) -3.8% -4.4%
All stores (all Ryan's units) -3.3% -4.1%
At December 29, 2004, the Company owned and operated 341 restaurants.
Financial results for the fourth quarter and fiscal year 2004 are expected to
be released on January 26, 2005. In addition, the Company's next accounting
period consists of 5 weeks, ending on February 2, 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 31, 2003.
DATASOURCE: Ryan's Restaurant Group
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/