SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event report): May 11, 1998
RYAN'S FAMILY STEAK HOUSES, INC.
(Exact name of registrant as specified in its charter)
South Carolina 0-10943 57-0657895
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
405 Lancaster Avenue (29650)
Post Office Box 100
Greer, SC 29652
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864)
879-1000
(No change)
(Former name or former address, if changed since last
report)
Item 5. Other Events.
On May 11, 1998, Ryan's Family Steak Houses, Inc. (the
"Company") released to both sell-side and buy-side analysts
on the Company's internal facsimile list information on
restaurant sales results for the 4-week period ended
February 4, 1998 (referred to therein as the month of
January), which information is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
20.1 January sales information issued February 9,
1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
RYAN'S FAMILY STEAK HOUSES,
INC.
(Registrant)
By: /s/Fred T. Grant, Jr.
Name: Fred T. Grant, Jr.
Title: Vice President-Finance
Date: February 9, 1998
RYAN'S FAMILY STEAK HOUSES, INC.
APRIL SALES INFORMATION
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Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today announced that
same-store sales for the 5-week period ended May 6, 1998 ("April")
increased by 1.8%. Details follow:
April 1998
(Unaudited)
Total sales $63,180,000
Increase from prior year +7%
Average unit sales:
Same-store (open at least 18 mos.) +1.8%
All-store (all Ryan's units) +1.3%
Management was pleased with April's sales results, indicating that the
Company's carving bars, numbering 256 at month-end, and a,good Easter
weekend helped increase sales. Management also noted that, as expected,
produce costs and team member medical insurance costs continued to
adversely affect store-level margins. However, lettuce prices have
recently dropped to more normal levels.
At May 6, 1998, the Company owned and operated 276 Ryan's.
The Company's next accounting period consists of 4 weeks, ending on
June 3, 1998.
