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): April 3, 2000
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 April 3, 2000 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 March 29, 2000 (referred to therein
as the month of March), which information is incorporated herein
by reference.
Item 7.Financial Statements and Exhibits.
(c) Exhibits
20.1 March sales information issued April 3, 2000.
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: April 3, 2000
RYAN'S FAMILY STEAK HOUSES, INC. REPORTS
MARCH AND FIRST QUARTER SALES RESULTS
-----------------
SAME-STORE SALES UP FOR THE NINTH 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 March 29, 2000 ("March") increased by
2.8%. Same-store sales for the quarter ended March 29, 2000
increased by 1.1%. Details follow:
(Unaudited)
March 1st
2000 Quarter
Total sales (000's) $55,234 $168,291
Increase from prior year +7% +5%
Average unit sales:
Same stores (open at least 18 mos.)+2.8% +1.1%
All stores (all Ryan's units) +3.3% +1.9%
Management noted the following accomplishments regarding
March's and the first quarter's sales levels:
March's average unit sales represented an all-time high
for March;
The first quarter's average unit sales represented a
record first quarter level;
March's and the first quarter's performance were
remarkable in light of the severe winter weather in January
2000 and the strong prior year's sales comparisons (same-
store sales: March 1999 = +2.1% and 1Q99 = +1.5%);
Same-store sales have been up for nine consecutive
quarters; and
Same-store sales have been positive for 18 out of the
last 22 quarters.
At March 31, 2000, the Company owned and operated 291 Ryan's
restaurants.
Financial results for the first quarter 2000 are expected to
be released on April 12, 2000. In addition, the Company's
next accounting period consists of 5 weeks, ending on May 3,
2000.
