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): April 6,
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 April 6, 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 April
1, 1998 (referred to therein as the month of March), which
information is incorporated herein by reference.
Item 7. Financial Statements and
Exhibits.
(c) Exhibits
20.1 March sales information issued April 6, 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: April 6, 1998
RYAN'S FAMILY STEAK HOUSES, INC. REPORTS
MARCH AND FIRST QUARTER SALES RESULTS
-----------------
GREER, SOUTH CAROLINA - - Ryan's Family Steak Houses, Inc.
(NASDAQ:RYAN) today announced that same-store sales for the
4-week period ended April 1, 1998 ("March") decreased by
1.3%. However, same-store sales for the quarter ended April
1, 1998 increased by 0.5%. Details follow:
(Unaudited)
March 1st Quarter
1998 1998
Total sales (000's) $49,340 $153,216
Increase from prior year +3% +5%
Average unit sales:
Same stores (open at least 18 mos.)-1.3% +0.5%
All stores (all Ryan's units) -1.9% -0.2%
Management believes that sales levels for March 1998 were
adversely impacted by the timing difference between Easter
1997 (included in March 1997) and 1998 (included in April
1998). Easter weekend is a typically a strong sales-
producing period, and its absence in March 1998 resulted in
an adverse sales comparison.
At April 1, 1998, the Company owned and operated 274 Ryan's
restaurants.
Financial results for the first quarter 1998 are expected to
be released on April 15, 1998. In addition, the Company's
next accounting period consists of 5 weeks, ending on May 6,
1998.
