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): February 8,
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 February 5, 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
February 3, 1999 (referred to therein as the month of
January), which information is incorporated herein by
reference.
Item 7. Financial Statements and
Exhibits.
(c) Exhibits
20.1 January sales information issued February 5,
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: February 8, 1999
RYAN'S FAMILY STEAK HOUSES, INC.
JANUARY SALES INFORMATION
-----------------
Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today
announced that same-store sales for the 5-week period ended
February 3, 1999 ("January") decreased by 0.4%. Details
follow:
January 1999
(Unaudited)
Total sales $55,640,000
Increase from prior year +2.1%
Average unit sales:
Same-store (open at least 18 mos.) -0.4%
All-store (all Ryan's units) -1.4%
Management noted that January's results were adversely
impacted by severe winter weather throughout much of the
Company's operating regions during the first two weeks of
the period. In addition, Super Bowl Sunday affected the
fifth week of January 1999 compared to the fourth week of
January 1998. Accordingly, available data makes it
virtually impossible to extrapolate a "normal" operating
trend for the month.
At February 3, 1999, the Company owned and operated 280
Ryan's.
The Company's next accounting period consists of 4 weeks,
ending on March 3, 1999.
