Ryan's Restaurant Group, Inc. Reports Sales Results for July 2006
07 Août 2006 - 5:53PM
PR Newswire (US)
GREER, S.C., Aug. 7 /PRNewswire-FirstCall/ -- Ryan's Restaurant
Group, Inc. (NASDAQ:RYAN) today reported sales results for the
5-week period ended August 2, 2006 ("July"). Average weekly sales
decreased by 3.4% in July, and same-store sales decreased by 4.2%
for the same period. Other details and comments follow: (Unaudited)
July 2006 Total sales (000's) $77,500 Change from prior year -7%
Average weekly sales (all Ryan's units) -3.4% Same-store sales
(open at least 18 mos.) -4.2% Management believes that July's sales
results were affected by the adverse impact of higher gasoline
prices on the discretionary spending of its customer base. At
August 2, 2006, the Company owned and operated 333 restaurants. The
Company's next accounting period consists of 4 weeks, ending on
August 30, 2006. Forward-Looking Information: In accordance with
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, the Company cautions that the statements in
this press release that are forward- looking involve risks and
uncertainties that may impact the Company's actual results of
operations. For a more thorough discussion of these risks,
uncertainties and other factors, please refer to the Company's
Annual Report on Form 10-K for the fiscal year ended December 28,
2005. DATASOURCE: Ryan's Restaurant Group, Inc. CONTACT: Fred T.
Grant, Jr., Senior Vice President - Finance of Ryan's Restaurant
Group, Inc., +1-864-879-1000 Web site: http://www.ryansrg.com/
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