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): July
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 July 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 July 1, 1998 (referred to therein as the
month of June), which information is incorporated herein
by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
20.1 June sales information issued July 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: July 10,
1998
RYAN'S FAMILY STEAK HOUSES, INC. REPORTS
JUNE AND SECOND 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 July 1, 1998 ("June") increased by 3.5%.
Same-store sales for the quarter ended July 1, 1998
increased by 1.8%. Details follow:
(Unaudited)
June 2nd Quarter
1998 1998
Total sales (000's) $53,037 $167,505
Increase from prior year +8% +7%
Average unit sales:
Same stores (open at least 18 mos.)+3.5% +1.8%
All stores (all Ryan's units) +3.3% +1.5%
At July 1, 1998, the Company owned and operated 278 Ryan's
restaurants.
Financial results for the second quarter 1998 are expected
to be released on July 15, 1998. In addition, the Company's
next accounting period consists of 5 weeks, ending on August
5, 1998.
