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): May 10, 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 May 10, 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 5-week period ended May 5, 1999 (referred to therein as
the month of April), which information is incorporated herein by
reference.
Item 7.Financial Statements and Exhibits.
(c) Exhibits
20.1 April sales information issued May 10, 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: May 10, 1999
RYAN'S FAMILY STEAK HOUSES, INC.
REPORTS APRIL SALES INFORMATION
-----------------
Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today
announced that same-store sales for the 5-week period ended
May 5, 1999 ("April") increased by 1.5%. Details follow:
April 1999
(Unaudited)
Total sales $65,550,000
Increase from prior year +4%
Average unit sales:
Same-store (open at least 18 mos.) +1.5%
All-store (all Ryan's units) +1.9%
Management noted that its 1999 advertising program commenced
during April, covering approximately 58 restaurants during a
portion of the month. Overall, the 1999 advertising program
is expected to provide media coverage for 127 restaurants.
The total cost is estimated at $2.8 million (compared to
$2.0 million in 1998) with a substantial majority of the
cost being incurred during the second quarter.
At May 5, 1999, the Company owned and operated 280 Ryan's.
The Company's next accounting period consists of 4 weeks,
ending on June 2, 1999.
