Ryan's Restaurant Group, Inc. Reports Sales Results for September and Third Quarter 2004
02 October 2004 - 3:04AM
PR Newswire (US)
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/
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