Ryan's Restaurant Group, Inc. Reports Sales Results for August 2005
03 September 2005 - 1:15AM
PR Newswire (US)
GREER, S.C., Sept. 2 /PRNewswire-FirstCall/ -- Ryan's Restaurant
Group, Inc. (NASDAQ:RYAN) today reported sales results for the
4-week period ending August 31, 2005 ("August"). Same-store sales
decreased by 4.0% during the period. Excluding the last week of the
period, thereby eliminating the impact of Hurricane Katrina,
same-store sales would have decreased by 3.2%. Other details and
comments follow: (Unaudited) August 2005 Total sales (000's)
$62,100 Change from prior year -1% Average unit sales: Same stores
(open at least 18 mos.) -4.0% All stores (includes new units) -2.8%
Hurricane Katrina initially disrupted operations at 13 of the
Company's restaurants in Louisiana, Mississippi and Alabama due to
either structural issues or power outages. As of September 2, 2005,
seven of these restaurants continue to be closed, mostly due to
power outages. Management is assessing the condition of these
restaurants and has not yet determined when they will reopen. At
August 31, 2005, the Company owned and operated 344 restaurants.
The Company's next accounting period consists of 4 weeks and ends
on September 28, 2005. 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 29, 2004. DATASOURCE: Ryan's Restaurant Group CONTACT:
Fred T. Grant, Jr., Senior Vice President - Finance of Ryan's
Restaurant Group, +1-864-879-1000 Web site: http://www.ryansrg.com/
Copyright
Ryans Restaurant (NASDAQ:RYAN)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Ryans Restaurant (NASDAQ:RYAN)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über Ryans Restaurant (NASDAQ): 0 Nachrichtenartikel
Weitere Ryans Restaurant Grp. (MM) News-Artikel