Ryan's Restaurant Group, Inc. Reports Sales Results for March and First Quarter 2006
31 März 2006 - 9:32PM
PR Newswire (US)
GREER, S.C., March 31 /PRNewswire-FirstCall/ -- Ryan's Restaurant
Group, Inc. (NASDAQ:RYAN) today reported sales results for the
4-week period ("March") and the three months ("1st Quarter") ending
March 29, 2006. Same- store sales increased by 0.2% in March and
increased by 1.7% during the quarter. Other details follow:
(Unaudited) March 1st Quarter 2006 2006 Total sales (000's) $67,800
$213,890 Change from prior year +0% +2% Average unit sales: Same
stores (open at least 18 mos.) +0.2% +1.7% All stores (all Ryan's
units) +1.9% +3.4% Management noted that March 2005 included Easter
weekend, which typically is a large sales-producing weekend. Easter
2006 occurs on the weekend of April 15th. Same-store sales for the
first three weeks of March 2006, which excludes the week that
compares against Easter 2005, increased by 1.0%. At March 29, 2006,
the Company owned and operated 337 restaurants. Financial results
for the first quarter 2006 are expected to be released on April 26,
2006. In addition, the Company's next accounting period consists of
5 weeks, ending on May 3, 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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