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): October 4, 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 October 4, 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 September 29, 1999
(referred to therein as the month of September), which
information is incorporated herein by reference.
Item 7.Financial Statements and Exhibits.
(c) Exhibits
20.1 September sales information issued October 4, 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: October 4, 1999
RYAN'S FAMILY STEAK HOUSES, INC. REPORTS
SEPTEMBER AND THIRD QUARTER SALES RESULTS
-----------------
SAME-STORE SALES UP FOR THE SEVENTH 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 September 29, 1999 ("September")
increased by 2.5%. Same-store sales for the quarter ended
September 29, 1999 increased by 2.0%. Details follow:
(Unaudited)
September 3rd Quarter
1999 1999
Total sales (000's) $49,464 $170,464
Increase from prior year +6% +5%
Average unit sales:
Same stores (open at least 18 mos.)+2.5% +2.0%
All stores (all Ryan's units) +3.0% +2.7%
Management noted that, in spite of strong prior year sales
comparisons, the third quarter represented the seventh
consecutive quarter of positive same-store sales. In fact,
the Company's same-store sales have been positive for 16 out
of the last 20 quarters.
At September 29, 1999, the Company owned and operated 285
Ryan's restaurants.
Financial results for the third quarter 1999 are expected to
be released on October 13, 1999. In addition, the Company's
next accounting period consists of 5 weeks, ending on
November 3, 1999.
