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): January 5, 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 January 5, 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 December 31, 1997 (referred to therein as the month
of December), which information is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
20.1 December sales information issued January 5, 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: January 5, 1998
RYAN'S FAMILY STEAK HOUSES, INC. REPORTS
DECEMBER AND FOURTH 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 December 31, 1997 ("December") decreased
by 3.3%. Additionally, same-store sales for the quarter
ended December 31, 1997 deceased by 2.1%. Details follow:
(Unaudited)
December 4th Quarter
1997 1997
Total sales (000's) $42,820 $142,890
Increase from prior year +1% +2%
Average unit sales:
Same stores (open at least 18 mos.)-3.3% -2.1%
All stores (all Ryan's units) -4.1% -2.8%
Management noted that many of its restaurants in the Midwest
and South were adversely affected by severe winter weather
during the last week of December. It is estimated that the
impact of this weather reduced December's same-store sales
by approximately 2.0%.
At December 31, 1997, the Company owned and operated 270
Ryan's restaurants.
Financial results for the fourth quarter and fiscal year
1997 are expected to be released on January 21, 1998. In
addition, the Company's next accounting period consists of 5
weeks, ending on February 4, 1998.
