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): June 7, 1999
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 June 7, 1999 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 June 2, 1999 (referred to therein as
the month of May), which information is incorporated herein by
reference.
Item 7.Financial Statements and Exhibits.
(c) Exhibits
20.1 May sales information issued June 7, 1999.
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: June 7, 1999
RYAN'S FAMILY STEAK HOUSES, INC. REPORTS
JUNE AND SECOND QUARTER SALES RESULTS
-----------------
SAME-STORE SALES UP FOR THE SIXTH CONSECUTIVE QUARTER
GREER, SOUTH CAROLINA - - Ryan's Family Steak Houses, Inc.
(NASDAQ:RYAN) today announced that same-store sales for the
4-week period ended June 30, 1999 ("June") increased by
0.5%. Same-store sales for the quarter ended June 30, 1999
increased by 1.6%. Details follow:
(Unaudited)
June 2nd Quarter
1999 1999
Total sales (000's) $54,588 $174,199
Increase from prior year +3% +4%
Average unit sales:
Same stores (open at least 18 mos.)+0.5% +1.6%
All stores (all Ryan's units) +0.7% +1.9%
Management noted that, in spite of strong prior year sales
comparisons, the second quarter represented the sixth
consecutive quarter of positive same-store sales. In fact,
the Company's same-store sales have been positive for 15 out
of the last 19 quarters.
The Company's current advertising program supported
approximately 63 restaurants on average with television and
radio advertising during the month. Sales gains at the
restaurants with advertising were on average approximately
3% better than the non-supported restaurants.
At June 30, 1999, the Company owned and operated 283 Ryan's
restaurants.
Financial results for the second quarter 1999 are expected
to be released on July 14, 1999. In addition, the Company's
next accounting period consists of 5 weeks, ending on August
4, 1999.
