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): February 9,
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 February 9, 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 5-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.
JANUARY SALES INFORMATION
------------------
Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today
announced that same-store sales for the 5-week period ended
February 4, 1998 ("January") increased by 1.8%. Details
follow:
January 1998
(Unaudited)
Total sales $54,540,000
Increase from prior year +6%
Average unit sales:
Same-store (open at least 18 mos.) +1.8%
All-store (all Ryan's units) +1.0%
Management cautioned that January's average unit sales
changes were significantly impacted by an easy weather-
related comparison during the 2nd week of the month.
Excluding that week, same-store and all-store sales would
have been -0.3% and -1.1%, respectively. Nonetheless, these
adjusted sales results for January 1998 were significantly
improved over the 4th quarter's (1997) same-store and all-
store results of -2.1% and -2.8%, respectively.
At February 4, 1998, the Company owned and operated 271
Ryan's.
The Company's next accounting period consists of 4 weeks,
ending on March 4, 1998.
